Sec Form 4 Filing - MCCORMICK ROBERT J @ TRUSTCO BANK CORP N Y - 2020-11-20

Every director, officer or owner of more than ten percent of a class of equity securities registered under Section 12 of the '34 Act must file with the U.S. Securities and Exchange Commission (SEC) a statement of ownership regarding such security.

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The following is an SEC EDGAR document rendered as filed.
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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
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1. Name and Address of Reporting Person *
MCCORMICK ROBERT J
2. Issuer Name and Ticker or Trading Symbol
TRUSTCO BANK CORP N Y [ TRST]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CHAIRMAN, PRESIDENT & CEO
(Last)
(First)
(Middle)
C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
11/20/2020
(Street)
GLENVILLE, NY12302
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 11/20/2020M 8,703 ( 1 ) ( 3 ) A $ 0 ( 2 ) 1,082,856 D
COMMON STOCK 11/20/2020D 8,703 ( 1 ) ( 3 ) D $ 6.2 1,074,153 D
COMMON STOCK 11/21/2020M 6,666 ( 4 ) ( 5 ) A $ 0 ( 2 ) 1,080,819 D
COMMON STOCK 11/21/2020D 6,666 ( 4 ) ( 5 ) D $ 6.2 1,074,153 D
COMMON STOCK 443,881 I BY FAMILY
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
RESTRICTED STOCK UNIT $ 0 ( 2 ) 11/20/2020M 8,703 ( 3 )( 3 ) COMMON STOCK 8,703 $ 0 8,704 D
RESTRICTED STOCK UNIT $ 0 ( 2 ) 11/21/2020M 6,666 ( 5 )( 5 ) COMMON STOCK 6,666 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MCCORMICK ROBERT J
C/O TRUSTCO BANK CORP NY
5 SARNOWSKI DRIVE
GLENVILLE, NY12302
CHAIRMAN, PRESIDENT & CEO
Signatures
/S/ MICHAEL M. OZIMEK, BY POWER OF ATTORNEY11/23/2020
** Signature of Reporting Person Date
Explanation of Responses:
( 1 )Reflects cash settlement of 8,703 restricted stock units that settled only for cash.
( 2 )Each restricted stock unit represents a contingent right to receive a payment in cash equal to the value of one share of Issuer Common Stock on the settlement date.
( 3 )One third of the restricted stock units awarded November 20, 2018 "vested" on November 20, 2020 and were settled in cash.
( 4 )Reflects cash settlement of 6,666 restricted stock units that settled only for cash.
( 5 )One third of the restricted stock units awarded November 21, 2017 "vested" on November 21, 2020 and were settled in cash.

Remarks:
ADDITIONAL SHARES ACQUIRED BY REPORTING PERSON'S PARTICIPATION IN DIVIDEND REINVESTMENT AND/OR EMPLOYEE BENEFIT PLAN WITH DIVIDEND REINVESTMENT FEATURE.

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.
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