SEC Form 4 · accession 0001225208-15-001767

JPMORGAN CHASE & CO · JPM

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

Reporting owner

Officer — Chairman & CEO · Director

Period of report

Jan 20, 2015

Accepted (ET)

Jan 22, 2015 · 4:16 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000019617

Table I — non-derivative securities

No Table I lines on this filing.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F3	—	Jan 20, 2015	A	198,546	A	—	Jan 13, 2018	Common Stock	198,546	198,546	D

F1Each restricted stock unit represents a contingent right to receive one share of JPMC common stock. The grant amount was calculated using a value of $55.9066 per restricted stock unit, the "fair market value" (the average of the high and low selling prices on the New York Stock Exchange composite tape) of one share of JPMC common stock on January 20, 2015, the date of grant under the terms of the JPMorgan Chase & Co. Long Term Incentive Plan.
F2Equity incentives are subject to the JPMorgan Chase Bonus Recoupment Policy which applies in the event of a material restatement of the Firm's financials. In addition, all equity awards (restricted stock units) granted in 2015 contain recapture provisions that enable the Firm to cancel an unvested or unexercisable award and/or recover the value of certain stock distributed under the award in specified circumstances. In addition to recapture provisions, portions of RSUs awarded to Operating Committee members are also subject to certain additional provisions under which awards may be cancelled, any determination with respect to which is subject to ratification by the Compensation and Management Development Committee of the Board of Directors (Committee). In the case of an award to the CEO, all such determinations shall be made by the Committee.
F3Restricted stock units vest 50% on January 13, 2017 and 50% on January 13, 2018.