SEC Form 4 · accession 0001127602-16-068244
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
Nov 19, 2016
Accepted (ET)
Nov 22, 2016 · 8:51 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 | — | — | — | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1 | $80.82 | Nov 19, 2016 | A | 11,946 | A | — | Nov 19, 2026 | Class A Common Stock | 11,946 | 11,946 | D |
| Restricted Stock UnitsF2 | — | Nov 19, 2016 | A | 2,054 | A | — | — | Class A Common Stock | 2,054 | 2,054 | D |
Explanation of responses
- F1Options vest in three equal installments on each of the first three anniversaries of the date of the grant, subject to earlier vesting in full in limited circumstances as specified in the award agreement. The option was granted on November 19, 2016.
- 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 three equal installments on each of the first three anniversaries of the date of the grant, subject to earlier vesting in full in limited circumstances as specified in the award agreement. The award was granted on November 19, 2016.