SEC Form 4 · accession 0001127602-17-034940
VISA INC. · V
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tullier Kelly Mahon
Officer — EVP, GENERAL COUNSEL
Period of report
Dec 15, 2017
Accepted (ET)
Dec 18, 2017 · 4:28 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 | Dec 15, 2017 | M | 49,702 | $52.56 | A | 76,202 | D | |
| Class A Common StockF1 | Dec 15, 2017 | S | 49,702 | $113.6634 | D | 26,500 | 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 | $52.56 | Dec 15, 2017 | M | 49,702 | D | — | Jun 16, 2024 | Class A Common Stock | 49,702 | 74,818 | 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 $113.47 - $113.82, 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 vest in three equal installments on each of the first three anniversaries of the date of the grant (6/16/2014), subject to earlier vesting in full in limited circumstances as specified in the award agreement.