SEC Form 4 · accession 0001127602-19-011235
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
Mar 11, 2019
Accepted (ET)
Mar 13, 2019 · 4:25 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 | Mar 11, 2019 | M | 15,000 | $74.38 | A | 22,294 | D | |
| Class A Common Stock | Mar 11, 2019 | S | 15,000 | $150.00 | D | 7,294 | 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)F1 | $74.38 | Mar 11, 2019 | M | 15,000 | D | — | Feb 3, 2026 | Class A Common Stock | 15,000 | 11,187 | D |
Explanation of responses
- F1Options 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.