SEC Form 4 · accession 0001127602-17-030532
AMERICAN EXPRESS CO · AXP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Peter Bush
Officer — President, GNICS
Period of report
Oct 26, 2017
Accepted (ET)
Oct 30, 2017 · 5:41 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 | Oct 26, 2017 | M | 4,000 | $34.84 | A | 83,018 | D | |
| Common Stock | Oct 26, 2017 | S | 3,391 | $95.00 | D | 79,627 | D | |
| Common StockF2 | holding | — | — | — | 6,896 | I | by 401(k) Plan |
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 | $34.84 | Oct 26, 2017 | M | 4,000 | D | Oct 30, 2013 | Oct 30, 2019 | Common Stock | 4,000 | 70,108 | 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.
- F3These options became exercisable on the date shown as "Date Exercisable."
Remarks
The transactions reported on this Form 4 were effected pursuant to a rule 10b5-1 trading plan adopted by the reporting person on September 1, 2017.