SEC Form 4 · accession 0001225208-15-006652
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
Mar 1, 2015
Accepted (ET)
Mar 3, 2015 · 5:47 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 | Mar 1, 2015 | F | 1,102 | $90.825 | D | 9,852 | D | |
| Class A Common Stock | Mar 2, 2015 | M | 4,374 | $77.72 | A | 14,226 | D | |
| Class A Common Stock | Mar 2, 2015 | M | 3,550 | $51.83 | A | 17,776 | D | |
| Class A Common Stock | Mar 2, 2015 | M | 2,110 | $42.043 | A | 19,886 | D | |
| Class A Common Stock | Mar 2, 2015 | S | 10,034 | $90.00 | D | 9,852 | 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)F2 | $90.13 | Mar 1, 2015 | A | 28,920 | A | — | Mar 1, 2025 | Class A Common Stock | 28,920 | 28,920 | D |
| Employee Stock Option (right to buy)F3 | $42.043 | Mar 2, 2015 | M | 2,110 | D | — | Mar 1, 2022 | Class A Common Stock | 2,110 | 2,110 | D |
| Employee Stock Option (right to buy)F4 | $51.83 | Mar 2, 2015 | M | 3,550 | D | — | Mar 1, 2023 | Class A Common Stock | 3,550 | 7,100 | D |
| Employee Stock Option (right to buy)F5 | $77.72 | Mar 2, 2015 | M | 4,374 | D | — | Mar 1, 2024 | Class A Common Stock | 4,374 | 13,122 | 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 shareholder-approved stock plan.
- F2The employee stock options vest in four (4) equal annual installments beginning March 1, 2016.
- F3The reporting person was awarded 8,440 employee stock options on March 1, 2012, of which 6,330 have vested. The remaining 2,110 employee stock options will vest on March 1, 2016.
- F4The reporting person was awarded 14,200 employee stock options on March 1, 2013, of which 7,100 have vested. The remaining 7,100 employee stock options will vest in two (2) equal annual installments beginning on March 1, 2016.
- F5The Reporting Person was awarded 17,496 employee stock options on March 1, 2014, of which 4,374 have vested. The remaining 13,122 employee stock options will vest in three (3) equal annual installments beginning on March 1, 2016.