SEC Form 4 · accession 0001127602-17-004423
VISA INC. · V
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William M. Sheedy
Officer — EVP CORP STRAT, M&A, GR
Period of report
Feb 6, 2017
Accepted (ET)
Feb 7, 2017 · 6:16 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 | Feb 6, 2017 | M | 125,372 | $14.1175 | A | 365,769 | D | |
| Class A Common StockF1 | Feb 6, 2017 | S | 125,372 | $85.741 | D | 240,397 | 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)F2 | $14.1175 | Feb 6, 2017 | M | 125,372 | D | — | Nov 5, 2018 | Class A Common Stock | 125,372 | 0 | D |
Explanation of responses
- F1The price reported in column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $85.6250 - $85.8850, inclusive. The reporting person undertakes to provide to Visa Inc., any security holder of Visa Inc., or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares disposed of at each separate price within the ranges set forth in this Form 4.
- F2Options vested in three equal installments on first three anniversaries of the date of the grant (which was in this case ten years prior to the listed expiration date).