SEC Form 4 · accession 0001225208-15-011503
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 4, 2015
Accepted (ET)
May 6, 2015 · 6:12 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 4, 2015 | M | 64,870 | $23.274 | A | 270,767 | D | |
| Class A Common StockF1,F2 | May 4, 2015 | S | 1,033 | $91.9361 | D | 269,734 | D | |
| Class A Common StockF1,F3 | May 4, 2015 | S | 98,837 | $91.4547 | D | 170,897 | 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 | $23.274 | May 4, 2015 | M | 64,870 | D | — | Mar 1, 2020 | Class A Common Stock | 64,870 | 129,740 | 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 and previously referrenced in a MasterCard Incorporated Form 8-K filed on February 23, 2015. The pre-planned trading plan was adopted by the reporting person on February 18, 2015.
- F2Represents the weighted average sales price for price increments ranging from $91.87 to $91.98
- F3Represents the weighted average sales price for price increments ranging from $90.86 to $91.85
- F4The reporting person was awarded 259,480 employee stock options on March 1, 2010, which vested in four equal annual installments beginning on March 1, 2011.