SEC Form 4 · accession 0001127602-17-001617
AMERICAN EXPRESS CO · AXP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
L Kevin Cox
Officer — Chief Human Resources Officer
Period of report
Jan 10, 2017
Accepted (ET)
Jan 12, 2017 · 5:09 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 10, 2017 | M | 26,157 | $49.13 | A | 30,090 | D | |
| Common Stock | Jan 10, 2017 | S | 23,819 | $78.00 | D | 6,271 | D | |
| Common Stock | Jan 10, 2017 | M | 22,181 | $38.10 | A | 28,452 | D | |
| Common Stock | Jan 10, 2017 | S | 19,438 | $78.00 | D | 9,014 | D | |
| Common Stock | Jan 10, 2017 | S | 11,317 | $78.00 | D | 10,751 | I | By GRAT II |
| Common Stock | holding | — | — | — | 22,359 | I | By GRAT I | |
| Common StockF2 | holding | — | — | — | 53 | I | by 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)F3 | $49.13 | Jan 10, 2017 | M | 26,157 | D | Jan 31, 2010 | Jan 30, 2018 | Common Stock | 26,157 | 45,940 | D |
| Employee Stock Option (Right to Buy)F4 | $38.10 | Jan 10, 2017 | M | 22,181 | D | Jan 26, 2011 | Jan 26, 2020 | Common Stock | 22,181 | 64,433 | 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.
- F2Shares 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.
- F39,597 of the options exercised became exercisable on 1/31/2010; the balance became exercisable on 1/31/2011.
- F421,653 of the options exercised became exercisable on 1/26/2011; the balance became exercisable on 1/26/2012.
Remarks
The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 31, 2016.