SEC Form 4 · accession 0001127602-17-034895

AMERICAN EXPRESS CO · AXP

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Kenneth I Chenault

Officer — Chairman & CEO · Director

Period of report

Dec 14, 2017

Accepted (ET)

Dec 18, 2017 · 3:22 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	Dec 14, 2017	M	118,000	$16.71	A	1,178,333	D
Common Stock^F2	Dec 14, 2017	S	96,440	$97.30	D	1,081,893	D
Common Stock^F3	Dec 14, 2017	G	5,087	—	D	1,076,806	D
Common Stock	holding	—	—		—	67,568	I	KIC GST Trust
Common Stock^F4	holding	—	—		—	46,748	I	Shares held by wife
Common Stock^F4	holding	—	—		—	38,522	I	Kathryn GST Trust
Common Stock^F5	holding	—	—		—	24,941	I	By 401(k) Plan
Common Stock	holding	—	—		—	4,158	I	Wife As Trustee/custodian
Common Stock	holding	—	—		—	2,850	I	Shares held by son

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)^F6	$16.71	Dec 14, 2017	M	118,000	D	Jan 29, 2010	Jan 29, 2019	Common Stock	118,000	118,888	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 $97.23 to $97.46. 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 reported disposition represents a bona fide charitable gift made by the reporting person.
F4This balance reflects a transfer of 20,600 shares from the Kathryn GST Trust to his wife's individual brokerage account.
F5Shares 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.
F6These options became exercisable in four equal annual installments beginning on date shown as "Date Exercisable."

Remarks

Prior to the transactions reported on this Form 4, Mr. Chenault directly and indirectly beneficially owned a total of 1,245,119.90 common shares. After the transactions reported on this Form 4, Mr. Chenault directly and indirectly beneficially owned a total of 1,261,592.90 common shares.