SEC Form 4 · accession 0001127602-16-059626
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
Aug 3, 2016
Accepted (ET)
Aug 5, 2016 · 4:21 pm EDT
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 StockF1 | Aug 3, 2016 | M | 2,193 | — | A | 2,193 | D | |
| Class A Common Stock | Aug 3, 2016 | F | 884 | $78.71 | D | 1,309 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | Aug 3, 2016 | M | 2,193 | D | — | — | Class A Common Stock | 2,193 | 12,428 | D |
Explanation of responses
- F1Each 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.