SEC Form 4 · accession 0001225208-16-030377
AMERICAN INTERNATIONAL GROUP, INC. · AIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter D. Hancock
Officer — President & CEO · Director
Period of report
Mar 24, 2016
Accepted (ET)
Mar 28, 2016 · 6:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000005272
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 24, 2016 | M | 63,444 | $0.00 | A | 96,061 | D | |
| Common Stock | holding | — | — | — | 32 | I | Held by wife |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 Performance Share UnitsF3,F2 | — | Mar 24, 2016 | A | 190,334 | A | — | — | Common Stock | 190,334 | 190,334 | D |
| 2013 Performance Share UnitsF1,F2 | — | Mar 24, 2016 | M | 63,444 | D | — | — | Common Stock | 63,444 | 126,890 | D |
Explanation of responses
- F1Represents AIG Common Stock underling one-third of the 2013 Performance Share Units earned as determined by AIG's Compensation and Management Resources Committee in March 2016 based on pre-established performance goals for the three-year performance period ended December 31, 2015. The earned 2013 Performance Share Units vest one-third in January of each of 2016, 2017 and 2018 and are settled in shares of AIG Common Stock.
- F2The Performance Share Units convert to AIG Common Stock on a 1 to 1 basis.
- F3Represents the actual number of 2013 Performance Share Units earned as determined by AIG's Compensation and Management Resources Committee in March 2016 based on pre-established performance goals for the three-year performance period ended December 31, 2015. The earned 2013 Performance Share Units vest one-third in January of each of 2016, 2017 and 2018 and are settled in shares of AIG Common Stock.