SEC Form 4 · accession 0001141391-16-000126
Mastercard Inc · MA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald E Garrow
Officer — Chief Human Resources Officer
Period of report
Apr 15, 2016
Accepted (ET)
Apr 19, 2016 · 4:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001141391
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Apr 15, 2016 | M | 5,784 | $90.13 | A | 14,386 | D | |
| Class A Common StockF1 | Apr 15, 2016 | S | 5,784 | $97.00 | D | 8,602 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1,F2 | $90.13 | Apr 15, 2016 | M | 5,784 | D | — | Mar 1, 2025 | Class A Common Stock | 5,784 | 23,136 | D |
Explanation of responses
- F1The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 and previously referenced in a MasterCard Incorporated Form 8-K filed on February 9, 2016. The pre-planned trading plan was adopted by the reporting person on February 3, 2016.
- F2The reporting person was awarded 28,920 employee stock options on March 1, 2015, of which 7,230 have vested. The remaining 21,690 employee stock options will vest in three annual installments beginning on March 1, 2017.