SEC Form 4 · accession 0001141391-17-000032
Mastercard Inc · MA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Fraccaro
Officer — Chief Human Resources Officer
Period of report
Feb 28, 2017
Accepted (ET)
Mar 2, 2017 · 5:59 pm EST
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 | Feb 28, 2017 | F | 896 | $110.425 | D | 4,791 | D | |
| Class A Common StockF2,F3 | Mar 1, 2017 | S | 763 | $112.3541 | D | 4,028 | 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)F4 | $112.31 | Mar 1, 2017 | A | 16,488 | A | — | Mar 1, 2027 | Class A Common Stock | 16,488 | 16,488 | D |
Explanation of responses
- F1Represents withholding of shares to pay tax liability incident to the vesting of restricted stock units pursuant to the terms of a stockholder-approved plan.
- F2This transaction was effected pursuant to a pre-planned trading plan entered into by the reporting person on November 29, 2016 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
- F3Represents the weighted average sales price for price increments ranging from $112.295 to $112.38.
- F4The employee stock options vest in four (4) equal annual installments beginning March 1, 2018.