SEC Form 4 · accession 0001127602-17-033095
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
Nov 19, 2017
Accepted (ET)
Nov 21, 2017 · 7:08 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, 2017 | M | 2,365 | — | A | 242,762 | D | |
| Class A Common StockF2 | Nov 19, 2017 | M | 2,113 | — | A | 244,875 | D | |
| Class A Common StockF3 | Nov 20, 2017 | F | 3,702 | $109.7312 | D | 241,173 | 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 | — | Nov 19, 2017 | M | 2,365 | D | — | — | Class A Common Stock | 2,365 | 2,366 | D |
| Restricted Stock UnitsF2 | — | Nov 19, 2017 | M | 2,113 | D | — | — | Class A Common Stock | 2,113 | 4,228 | D |
| Employee Stock Option (Right to Buy)F4 | $109.82 | Nov 19, 2017 | A | 47,534 | A | — | Nov 19, 2027 | Class A Common Stock | 47,534 | 47,534 | D |
| Restricted Stock UnitsF5 | — | Nov 19, 2017 | A | 7,740 | A | — | — | Class A Common Stock | 7,740 | 7,740 | 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, 2015.
- 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.
- F3The price reported in column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $109.7100 - $109.7800, 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.
- 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, 2017.
- 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, 2017.