SEC Form 4 · accession 0001127602-17-025155
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, 2017
Accepted (ET)
Aug 7, 2017 · 6:23 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, 2017 | M | 5,117 | — | A | 6,426 | D | |
| Class A Common Stock | Aug 3, 2017 | F | 2,102 | $100.59 | D | 4,324 | 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, 2017 | M | 5,117 | D | — | — | Class A Common Stock | 5,117 | 7,311 | 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. The award was granted on February 3, 2016.