SEC Form 4 · accession 0001127602-15-023868
AMERICAN EXPRESS CO · AXP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen J Squeri
Officer — Vice Chairman
Period of report
Jul 30, 2015
Accepted (ET)
Aug 3, 2015 · 1:47 pm EDT
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 | Jul 30, 2015 | M | 229,621 | $34.84 | A | 403,103 | D | |
| Common StockF2 | Jul 30, 2015 | S | 199,474 | $76.00 | D | 203,629 | D | |
| Common StockF3,F2,F4 | Jul 30, 2015 | S | 20,000 | $76.00 | D | 183,629 | D | |
| Common StockF5 | holding | — | — | — | 114 | I | 401(k) Trust |
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) | $34.84 | Jul 30, 2015 | M | 229,621 | D | Oct 30, 2013 | Oct 30, 2019 | Common Stock | 229,621 | 0 | 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 $75.84 to $76.18. 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.
- F3These shares were originally acquired from previous stock option exercises or restricted stock vestings under registered Company plans or pursuant to dividend reinvestment.
- F4The reporting person's end of period holdings reflects a prior transfer of shares pursuant to a domestic relations order.
- F5Shares held in reporting person's account under the Company's Retirement Savings Plan. This plan uses unit accounting, and the number of shares that a participant is deemed to hold varies with the unit price of the Company pooled stock fund.