SEC Form 4 · accession 0001127602-16-068258
VISA INC. · V
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ellen Richey
Officer — VICE CHAIR RISK & PUB POLICY
Period of report
Nov 19, 2016
Accepted (ET)
Nov 22, 2016 · 9:47 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 StockF1 | Nov 19, 2016 | M | 2,432 | — | A | 2,432 | D | |
| Class A Common StockF2 | Nov 19, 2016 | M | 2,396 | — | A | 4,828 | D | |
| Class A Common StockF3 | Nov 19, 2016 | M | 2,401 | — | A | 7,229 | D | |
| Class A Common Stock | Nov 19, 2016 | F | 3,151 | $80.82 | D | 4,078 | D | |
| Class A Common Stock | holding | — | — | — | 31,260 | I | Held by the Richey 2007 Trust u/a/d 11-29-2007 |
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 | — | Nov 19, 2016 | M | 2,432 | D | — | — | Class A Common Stock | 2,432 | 0 | D |
| Restricted Stock UnitsF2 | — | Nov 19, 2016 | M | 2,396 | D | — | — | Class A Common Stock | 2,396 | 2,396 | D |
| Restricted Stock UnitsF3 | — | Nov 19, 2016 | M | 2,401 | D | — | — | Class A Common Stock | 2,401 | 4,804 | D |
| Employee Stock Option (Right to Buy)F4 | $80.82 | Nov 19, 2016 | A | 36,882 | A | — | Nov 19, 2026 | Class A Common Stock | 36,882 | 36,882 | D |
| Restricted Stock UnitsF5 | — | Nov 19, 2016 | A | 6,341 | A | — | — | Class A Common Stock | 6,341 | 6,341 | 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 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, 2013.
- 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, 2014.
- F3Each 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, 2015.
- F4Options 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.
- F5Each 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.