SEC Form 4 · accession 0001127602-16-039023
AMERICAN EXPRESS CO · AXP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ashwini Gupta
Officer — Pres, Risk/Info Mgmt & AXP CRO
Period of report
Jan 29, 2016
Accepted (ET)
Feb 2, 2016 · 3:43 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 | Jan 29, 2016 | A | 18,193 | $53.50 | A | 138,284 | D | |
| Common Stock | Jan 29, 2016 | F | 6,781 | $53.50 | D | 131,503 | D | |
| Common Stock | Jan 29, 2016 | A | 16,820 | $53.50 | A | 148,323 | D | |
| Common Stock | Jan 29, 2016 | F | 8,605 | $53.50 | D | 139,718 | 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)F4 | $59.45 | Jan 29, 2016 | A | 17,612 | A | Jan 29, 2016 | Jan 29, 2023 | Common Stock | 17,612 | 17,612 | D |
Explanation of responses
- F1Represents shares acquired pursuant to vesting of Restricted Stock Units ("performance units") that were granted to the reporting person in January 2013 and have vested based on the Company's 2013-15 return on average equity performance.
- F2The reported disposition represents the surrender of shares to satisfy tax obligations arising from the vesting of Restricted Stock Units.
- F3Represents shares acquired pursuant to vesting of Restricted Stock Units that were granted to the reporting person in January 2013 and have vested based on the Company's positive cumulative net income over the three year performance period.
- F4The reported acquisition represents the vesting of Stock Options that were granted to the reporting person in January 2013. These options became exercisable on January 29, 2016 based on the Company's positive cumulative net income over the three year performance period.