SEC Form 4 · accession 0001127602-18-015753
VISA INC. · V
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James H Hoffmeister
Officer — SVP, GBL CORP CONTRL & CAO
Period of report
Apr 30, 2018
Accepted (ET)
May 1, 2018 · 4:55 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 Stock | Apr 30, 2018 | M | 7,736 | $36.4125 | A | 8,423 | D | |
| Class A Common StockF1 | Apr 30, 2018 | S | 8,423 | $127.6681 | D | 0 | 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 | $36.4125 | Apr 30, 2018 | M | 7,736 | D | — | Nov 19, 2022 | Class A Common Stock | 7,736 | 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 $127.6650 - $127.6850, 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).