Sec Form 4 Filing - BENJAMIN CHRISTOPHER J @ Alexander & Baldwin, Inc. - 2017-12-13

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
BENJAMIN CHRISTOPHER J
2. Issuer Name and Ticker or Trading Symbol
Alexander & Baldwin, Inc. [ ALEX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President & CEO
(Last) (First) (Middle)
822 BISHOP STREET
3. Date of Earliest Transaction (MM/DD/YY)
12/13/2017
(Street)
HONOLULU, HI96813
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/08/2017 G( 1 ) V 500 D $ 0 100,336.1869 I By Revocable Living Trust
Common Stock 11/22/2017 G( 1 ) V 1,000 D $ 0 99,336.1869 I By Revocable Living Trust
Common Stock 12/13/2017 M 20,000 A $ 7.53 119,336.1869 I By Revocable Living Trust
Common Stock 12/13/2017 S 5,000 ( 2 ) D $ 28.85 114,336.1869 I By Revocable Living Trust
Common Stock 12/13/2017 F 9,452 ( 3 ) D $ 28.85 104,884.1869 I By Revocable Living Trust
Common Stock 12/15/2017 M 5,000 A $ 7.53 109,884.1869 I By Revocable Living Trust
Common Stock 12/15/2017 S 5,000 ( 2 ) D $ 28.85 104,884.1869 I By Revocable Living Trust
Common Stock 555 D
Common Stock 20,000 I By Spouse's Revocable Living Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $ 7.53 12/13/2017 M 20,000 01/28/2010 01/27/2019 Common Stock 20,000 $ 0 17,768 D
Stock Option $ 7.53 12/15/2017 M 5,000 01/28/2010 01/27/2019 Common Stock 5,000 $ 0 12,768 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BENJAMIN CHRISTOPHER J
822 BISHOP STREET
HONOLULU, HI96813
X President & CEO
Signatures
/s/ Christopher J. Benjamin 12/15/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Gifted shares represent a charitable contribution.
( 2 )These shares were sold for tax planning purposes related to an upcoming special distribution that is being issued to comply with REIT qualification requirements.
( 3 )Represents shares withheld by Issuer in connection with a net settlement of a stock option exercise.

Remarks:
Pursuant to a merger effected on November 8, 2017, Alexander & Baldwin REIT Holdings, Inc. became the parent holding company of Alexander & Baldwin, Inc. and the successor issuer to Alexander & Baldwin, Inc., without any change in the relative interests of security holders. Immediately following the merger, Alexander & Baldwin REIT Holdings, Inc. changed its name to Alexander & Baldwin, Inc.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.