SEC Form 4 · accession 0001209191-16-147359

VISA INC. · V

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — CHIEF EXECUTIVE OFFICER · Director

Period of report

Oct 28, 2016

Accepted (ET)

Oct 28, 2016 · 8:00 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
Class A Common Stock	Oct 28, 2016	M	619,036	$36.4125	A	852,880	D
Class A Common Stock	Oct 28, 2016	M	91,180	$49.3475	A	944,060	D
Class A Common Stock	Oct 28, 2016	M	62,696	$62.465	A	1,006,756	D
Class A Common Stock^F1	Oct 28, 2016	S	772,912	$82.6525	D	233,844	D

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	Oct 28, 2016	M	619,036	D	—	Nov 19, 2022	Class A Common Stock	619,036	0	D
Employee Stock Option (Right to Buy)^F3	$49.3475	Oct 28, 2016	M	91,180	D	—	Nov 19, 2023	Class A Common Stock	91,180	45,596	D
Employee Stock Option (Right to Buy)^F3	$62.465	Oct 28, 2016	M	62,696	D	—	Nov 19, 2024	Class A Common Stock	62,696	125,392	D

F1The price reported in column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $82.1150 - $83.0600, 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.
F2This option award immediately vested as of its date of grant (which was ten years prior to the listed expiration date) with respect to that number of stock options having a grant date value of $2,052,632. The remainder of the award vested in three substantially equal installments on each of the first three anniversaries of the date of grant.
F3Options vest in three equal installments on each of the first three anniversaries of the date of the grant (which was in each case ten years prior to the listed expiration date) subject to earlier vesting in full in limited circumstances as specified in the award agreement.