SEC Form 4 · accession 0001127602-16-039691
VISA INC. · V
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lynne Biggar
Officer — EVP, CHIEF MRKTNG & COMM OFF
Period of report
Feb 3, 2016
Accepted (ET)
Feb 5, 2016 · 2:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001403161
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | holding | — | — | — | 0 | 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)F1 | $74.38 | Feb 3, 2016 | A | 26,187 | A | — | Feb 3, 2026 | Class A Common Stock | 26,187 | 26,187 | D |
| Restricted Stock UnitsF2 | — | Feb 3, 2016 | A | 14,621 | A | — | — | Class A Common Stock | 14,621 | 14,621 | D |
Explanation of responses
- F1Options vest in four installments: 15% vesting in 6 months; 35% vesting in 18 months; 35% vesting in 30 months; and 15% vesting in 42 months, respectively after the date of the grant, subject to earlier vesting in full in limited circumstances as specified in the award agreement.
- F2Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value. The restricted stock units vest in four installments: 15% vesting in 6 months; 35% vesting in 18 months; 35% vesting in 30 months; and 15% vesting in 42 months, respectively after the date of the grant, subject to earlier vesting in full in limited circumstances as specified in the award agreement.