SEC Form 4 · accession 0001127602-15-008802
AMERICAN EXPRESS CO · AXP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Josh Silverman
Officer — President Consumer Prod & Serv
Period of report
Feb 26, 2015
Accepted (ET)
Feb 27, 2015 · 4:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000004962
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 26, 2015 | M | 33,426 | $50.04 | A | 63,679 | D | |
| Common StockF2 | Feb 26, 2015 | S | 30,539 | $82.8937 | D | 33,140 | D | |
| Common StockF2 | Feb 26, 2015 | S | 5,530 | $82.8937 | D | 27,610 | 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) | $50.04 | Feb 26, 2015 | M | 33,426 | D | Jul 29, 2014 | Jul 29, 2021 | Common Stock | 33,426 | 19,120 | D |
Explanation of responses
- F1The reported disposition represents the sale of shares to cover the cost of exercise and withholding tax obligations arising from the stock option exercise reported above and the sale of 50% of the net shares acquired from this exercise; the reporting person will retain the balance of the net shares in accordance with the Company's retention guidelines for executive officers.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.43 to $83.27. The reporting person undertakes to provide to American Express Company, any security holder of American Express Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.
- F3The reported disposition represents the sale of shares acquired from restricted stock vestings and/or dividend reinvestment in prior years.