SEC Form 4 · accession 0001225208-17-001473
AMERICAN INTERNATIONAL GROUP, INC. · AIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert S. Schimek
Officer — Executive Vice President
Period of report
Jan 19, 2017
Accepted (ET)
Jan 23, 2017 · 4:43 pm EST
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 | Jan 19, 2017 | M | 12,392 | $0.00 | A | 95,489 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 Performance Share UnitsF3,F2 | — | Jan 19, 2017 | A | 37,176 | A | — | — | Common Stock | 37,176 | 37,176 | D |
| 2014 Performance Share UnitsF1,F2 | — | Jan 19, 2017 | M | 12,392 | D | — | — | Common Stock | 12,392 | 24,784 | D |
Explanation of responses
- F1Represents AIG Common Stock underlying one-third of the 2014 Performance Share Units earned as determined by AIG's Compensation and Management Resources Committee in January 2017 based on pre-established performance goals for the three-year performance period ended December 31, 2016. The earned 2014 Performance Share Units vest one-third in January of each of 2017, 2018 and 2019 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 2014 Performance Share Units earned as determined by AIG's Compensation and Management Resources Committee in January 2017 based on pre-established performance goals for the three-year performance period ended December 31, 2016. The earned 2014 Performance Share Units vest one-third in January of each of 2017, 2018 and 2019 and are settled in shares of AIG Common Stock.