SEC Form 4 · accession 0001141391-17-000145
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
Oct 12, 2017
Accepted (ET)
Oct 13, 2017 · 4:20 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 | Oct 12, 2017 | M | 3,614 | $90.13 | A | 7,642 | D | |
| Class A Common StockF1 | Oct 12, 2017 | M | 2,186 | $90.10 | A | 9,828 | D | |
| Class A Common StockF1,F2 | Oct 12, 2017 | S | 5,400 | $147.5541 | D | 4,428 | D | |
| Class A Common StockF1,F3 | Oct 12, 2017 | S | 400 | $148.0875 | 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 ro buy)F1,F4 | $90.13 | Oct 12, 2017 | M | 3,614 | D | — | Mar 1, 2025 | Class A Common Stock | 3,614 | 3,614 | D |
| Employee Stock Option (right ro buy)F1,F5 | $90.10 | Oct 12, 2017 | M | 2,186 | D | — | Mar 1, 2026 | Class A Common Stock | 2,186 | 6,558 | 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 August 28, 2017.
- F2This transaction was executed in multiple trades at prices ranging from $147.05 to $148.04. 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 $148.05 to $148.11. 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 7,228 employee stock options on March 1, 2015, of which 3,614 have vested. The remaining 3,614 employee stock options will vest in two equal annual installments beginning on March 1, 2018.
- F5The reporting person was awarded 8,744 employee stock options on March 1, 2016, of which 2,186 have vested. The remaining 6,558 employee stock options will vest in three equal annual installments beginning on March 1, 2018.