SEC Form 4 · accession 0001127602-19-005170
VISA INC. · V
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ellen Richey
Officer — VICE CHAIRMAN & CRO
Period of report
Feb 7, 2019
Accepted (ET)
Feb 11, 2019 · 5:50 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 | Feb 7, 2019 | M | 19,104 | $19.95 | A | 19,104 | D | |
| Class A Common Stock | Feb 7, 2019 | M | 42,328 | $23.16 | A | 61,432 | D | |
| Class A Common Stock | Feb 7, 2019 | J | 61,432 | $0.00 | D | 0 | D | |
| Class A Common Stock | Feb 7, 2019 | J | 61,432 | $0.00 | A | 109,928 | I | Held by the Richey 2007 Trust u/a/d 11-29-2007 |
| Class A Common StockF3 | Feb 7, 2019 | S | 81,005 | $139.9888 | D | 28,923 | I | Held by the Richey 2007 Trust u/a/d 11-29-2007 |
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)F4 | $19.95 | Feb 7, 2019 | M | 19,104 | D | — | Nov 5, 2020 | Class A Common Stock | 19,104 | 0 | D |
| Employee Stock Option (Right to Buy)F5 | $23.16 | Feb 7, 2019 | M | 42,328 | D | — | Nov 5, 2021 | Class A Common Stock | 42,328 | 0 | D |
Explanation of responses
- F1Since the date of the reporting person's last ownership report, 18,059 which were previously held directly were transferred to the Richey 2007 Trust u/a/d 11-29-2007, of which Ms. Richey is the sole trustee and beneficiary.
- F2This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 13, 2018.
- F3The price reported in column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $139.2300 - $141.0200, 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.
- F4This option was granted on November 5, 2010 and vested in three installments over a three-year period after the date of grant.
- F5This option was granted on November 5, 2011 and vested in three installments over a three-year period after the date of grant.