SEC Form 4 · accession 0001225208-17-009950
AMERICAN INTERNATIONAL GROUP, INC. · AIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian Duperreault
Officer — President & CEO · Director
Period of report
May 14, 2017
Accepted (ET)
May 16, 2017 · 7:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000005272
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2017 Restricted Stock UnitsF2,F1 | — | May 14, 2017 | A | 55,519 | A | — | — | Common Stock | 55,519 | 55,519 | D |
| Stock Option A (Right to Buy)F3 | $61.82 | May 15, 2017 | A | 500,000 | A | — | May 15, 2024 | Common Stock | 500,000 | 500,000 | D |
| Stock Option B (Right to Buy)F4 | $61.82 | May 15, 2017 | A | 400,000 | A | — | May 15, 2024 | Common Stock | 400,000 | 400,000 | D |
| Stock Option C (Right to Buy)F5 | $61.82 | May 15, 2017 | A | 300,000 | A | — | May 15, 2024 | Common Stock | 300,000 | 300,000 | D |
| Stock Option D (Right to Buy)F6 | $61.82 | May 15, 2017 | A | 200,000 | A | — | May 15, 2024 | Common Stock | 200,000 | 200,000 | D |
| Stock Option E (Right to Buy)F7 | $61.82 | May 15, 2017 | A | 100,000 | A | — | May 15, 2024 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1These securities convert to AIG Common Stock on a 1 to 1 basis.
- F2Represents the grant of 2017 Restricted Stock Units. The 2017 Restricted Stock Units vest in January 2020, subject to the reporting person's continued employment through the vesting date, and are settled in shares of AIG Common Stock. The award includes dividend equivalent rights payable in the form of additional Restricted Stock Units.
- F3The options were granted under and are subject to the terms of the AIG 2013 Omnibus Incentive Plan (the "Plan") and vest in equal installments on each of May 15, 2018, May 15, 2019 and May 15, 2020.
- F4The options were granted as "employment inducement grants" under New York Stock Exchange rules, are subject to the terms of the Plan, and vest based upon AIG attaining a closing AIG Common Stock price, for at least 20 consecutive trading days, of at least $30.00 over $60.99, the closing AIG Common Stock price on May 12, 2017 (the "Reference Price").
- F5The options were granted under and are subject to the terms of the Plan and vest based upon AIG attaining a closing AIG Common Stock price, for at least 20 consecutive trading days, of at least $10.00 over the Reference Price, but will not vest faster than in three equal annual installments beginning on May 15, 2018.
- F6The options were granted under and are subject to the terms of the Plan and vest based upon AIG attaining a closing AIG Common Stock price, for at least 20 consecutive trading days, of at least $20.00 over the Reference Price.
- F7The options were granted as "employment inducement grants" under New York Stock Exchange rules, are subject to the terms of the Plan, and vest based upon AIG attaining a closing AIG Common Stock price, for at least 20 consecutive trading days, of at least $20.00 over the Reference Price.