SEC Form 4 · accession 0001141391-17-000067
Mastercard Inc · MA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ajay Banga
Officer — Chief Executive Officer
Period of report
May 3, 2017
Accepted (ET)
May 4, 2017 · 4:31 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 | May 3, 2017 | M | 139,020 | $24.036 | A | 333,495 | D | |
| Class A Common StockF2 | May 3, 2017 | S | 132,362 | $117.1346 | D | 201,133 | D | |
| Class A Common StockF3 | May 3, 2017 | S | 29,380 | $117.9017 | D | 171,753 | D | |
| Class A Common Stock | holding | — | — | — | 65,610 | I | By GRAT |
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,F4 | $24.036 | May 3, 2017 | M | 139,020 | D | — | Mar 1, 2021 | Class A Common Stock | 139,020 | 139,020 | 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. The pre-planned trading plan was adopted by the reporting person on February 17, 2017.
- F2This transaction was executed in multiple trades at prices ranging from $116.56 to $117.55. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3This transaction was executed in multiple trades at prices ranging from $117.56 to $118.43. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F4The Reporting Person was awarded 278,040 employee stock options on March 1, 2011, which vested in four equal annual installments beginning on March 1, 2012.