X0306 4 2012-06-29 0001545654 Alexander & Baldwin, Inc. ALEX 0001070021 PASQUALE DOUGLAS M 822 BISHOP STREET HONOLULU HI 96813 1 Common Stock 2012-06-29 4 A 0 8552.0000 0 A 24910.0000 D Stock Option 23.7800 2012-06-29 4 A 0 16422.0000 0.0000 A 2012-06-29 2016-04-26 Common Stock 16422.0000 16422.0000 D The acquisition involved three separate restricted stock unit awards that were made to the Reporting Person under the Issuer's 2012 Incentive Compensation Plan in connection with the distribution of the Issuer's outstanding common stock by Alexander & Baldwin Holdings, Inc. (now known as Matson, Inc.) to the stockholders of Alexander & Baldwin Holdings, Inc. in a pro-rata spin-off transaction. The reported awards were issued in replacement of three separate restricted stock unit awards covering an aggregate 4,167 shares of the common stock of Alexander & Baldwin Holdings, Inc. Each such replacement award was structured so as to preserve, at the time of replacement, the intrinsic value of the cancelled award to which it relates and retains the same vesting schedule that was in effect for that cancelled award. The award was made under the Issuer's 2012 Incentive Compensation Plan in connection with the distribution of the Issuer's outstanding common stock by Alexander & Baldwin Holdings, Inc. (now known as Matson, Inc.) to the stockholders of Alexander & Baldwin Holdings, Inc. in a pro-rata spin-off transaction. The reported award was issued in replacement of a cancelled stock option grant covering shares of the common stock of Alexander & Baldwin Holdings, Inc. and was structured so as to preserve, at the time of replacement, the intrinsic value of the cancelled stock option grant to which it relates. All shares are immediately exercisable. /s/ Douglas M. Pasquale 2012-07-03