SEC Form 4 · accession 0001127602-16-069562
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
Dec 7, 2016
Accepted (ET)
Dec 9, 2016 · 2:55 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 | Dec 7, 2016 | M | 39,370 | $38.10 | A | 241,486 | D | |
| Common StockF2,F3 | Dec 7, 2016 | S | 34,755 | $74.31 | D | 206,731 | D | |
| Common StockF4 | holding | — | — | — | 117 | 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) | $38.10 | Dec 7, 2016 | M | 39,370 | D | Jan 26, 2014 | Jan 26, 2020 | Common Stock | 39,370 | 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 $74.24 to $74.35. 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 reporting person's end of period holdings reflect a prior transfer of shares pursuant to a domestic relations order, as well as shares acquired pursuant to dividend reinvestment.
- F4Shares 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.