SEC Form 4 · accession 0001127602-17-003156
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 28, 2017
Accepted (ET)
Jan 31, 2017 · 5:22 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 28, 2017 | A | 11,554 | $76.85 | A | 29,289 | D | |
| Common Stock | Jan 28, 2017 | F | 5,959 | $76.85 | D | 23,330 | D | |
| Common Stock | holding | — | — | — | 22,359 | I | By GRAT I | |
| Common Stock | holding | — | — | — | 8,264 | I | By GRAT II | |
| Common StockF3 | 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) | $86.64 | Jan 28, 2017 | A | 11,554 | A | Jan 28, 2017 | Jan 28, 2024 | Common Stock | 11,554 | 11,554 | 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 2014 and have vested based on the Company's 2014-16 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.
- F3Shares 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.
- F4The reported acquisition represents the vesting of Stock Options that were granted to the reporting person in January 2014. These options became exercisable on January 28, 2017 based on the Company's positive cumulative net income over the three year performance period.