SEC Form 4 · accession 0001127602-18-003011
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 26, 2018
Accepted (ET)
Jan 30, 2018 · 5:24 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 StockF2 | Jan 26, 2018 | A | 12,222 | $99.69 | A | 12,222 | D | |
| Common Stock | Jan 26, 2018 | F | 4,514 | $99.69 | D | 7,708 | D | |
| Common Stock | holding | — | — | — | 5,872 | I | By GRAT II | |
| Common Stock | holding | — | — | — | 42,488 | I | by GRAT III | |
| Common StockF4 | 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) | $83.30 | Jan 26, 2018 | A | 12,222 | A | Jan 26, 2018 | Jan 26, 2025 | Common Stock | 12,222 | 12,222 | D |
Explanation of responses
- F1Represents shares acquired pursuant to vesting of Restricted Stock Units that were granted to the reporting person in January 2015 and have vested based on the Company's 2015-17 return on average equity performance.
- F2This balance reflects the prior transfer of shares from the reporting person's direct holdings to indirect holdings in the GRATs shown below.
- F3The reported disposition represents the surrender of shares to satisfy tax obligations arising from the vesting of Restricted Stock Units.
- 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.
- F5The reported acquisition represents the vesting of Stock Options that were granted to the reporting person in January 2015. These options become exercisable on January 26, 2018 based on the Company's positive cumulative net income over the three year performance period.