SEC Form 4 · accession 0001141391-18-000062
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, 2018
Accepted (ET)
May 4, 2018 · 5:53 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 Stock | May 3, 2018 | M | 139,020 | $24.036 | A | 355,411 | D | |
| Class A Common Stock | May 3, 2018 | M | 100,000 | $42.043 | A | 455,411 | D | |
| Class A Common StockF2 | May 3, 2018 | S | 32,112 | $184.5612 | D | 423,299 | D | |
| Class A Common StockF3 | May 3, 2018 | S | 88,365 | $185.3793 | D | 334,934 | D | |
| Class A Common StockF4 | May 3, 2018 | S | 80,444 | $186.5135 | D | 254,490 | D | |
| Class A Common StockF5 | May 3, 2018 | S | 38,099 | $187.3525 | D | 216,391 | D | |
| Class A Common Stock | holding | — | — | — | 63,036 | I | By GRAT | |
| Class A Common Stock | holding | — | — | — | 2,574 | I | By Trust |
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)F6 | $24.036 | May 3, 2018 | M | 139,020 | D | — | Mar 1, 2021 | Class A Common Stock | 139,020 | 0 | D |
| Employee Stock Option (right to buy)F7 | $42.043 | May 3, 2018 | M | 100,000 | D | — | Mar 1, 2022 | Class A Common Stock | 100,000 | 152,600 | 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 March 8, 2018.
- F2This transaction was executed in multiple trades at prices ranging from $183.95 to $184.94. 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 $184.95 to $185.94. 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.
- F4This transaction was executed in multiple trades at prices ranging from $185.95 to $186.94. 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.
- F5This transaction was executed in multiple trades at prices ranging from $186.95 to $187.89. 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.
- F6The reporting person was awarded 278,040 employee stock options on March 1, 2011, all of which previously vested in four equal installments.
- F7The reporting person was awarded 252,600 employee stock options on March 1, 2012, all of which previously vested in four equal installments.