SEC Form 4 · accession 0001225208-19-000507
AMERICAN INTERNATIONAL GROUP, INC. · AIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Seraina Macia
Officer — Executive Vice President
Period of report
Jan 1, 2019
Accepted (ET)
Jan 3, 2019 · 7:08 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 1, 2019 | M | 10,349 | $0.00 | A | 15,003 | D | |
| Common StockF2 | Jan 1, 2019 | M | 9,589 | $0.00 | A | 24,592 | D | |
| Common StockF3 | Jan 1, 2019 | M | 4,534 | $0.00 | A | 29,126 | D | |
| Common StockF4 | Jan 1, 2019 | M | 2,366 | $0.00 | A | 31,492 | 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 UnitsF2,F5 | — | Jan 1, 2019 | M | 9,589 | D | — | — | Common Stock | 9,589 | 0 | D |
| 2015 Performance Share UnitsF4,F5 | — | Jan 1, 2019 | M | 2,366 | D | — | — | Common Stock | 2,366 | 2,367 | D |
| Restricted Stock UnitF3,F5 | — | Jan 1, 2019 | M | 4,534 | D | — | — | Common Stock | 4,534 | 13,736 | D |
| Restricted Stock Unit - 2018F1,F5 | — | Jan 1, 2019 | M | 10,349 | D | — | — | Common Stock | 10,349 | 5,333 | D |
Explanation of responses
- F1Represents AIG Common Stock underlying Restricted Stock Units (including dividend equivalent rights in the form of Restricted Stock Units) that vest in January 2019. The Restricted Stock Units vest 66 percent in January 2019 and 34 percent in January 2020, each subject to the reporting person's continued employment through the applicable vesting date, and are settled in shares of AIG Common Stock.
- F2Represents 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 have vested for the reporting person and are settled in shares of AIG Common Stock one-third in January of each of 2017, 2018 and 2019.
- F3Represents AIG Common Stock underlying Restricted Stock Units (including dividend equivalent rights in the form of Restricted Stock Units) that vest in January 2019. The Restricted Stock Units vest 20 percent in January 2018, 20 percent in January 2019, 40 percent in January 2020 and 20 percent in January 2021, each subject to the reporting person's continued employment through the applicable vesting date, and are settled in shares of AIG Common Stock.
- F4Represents AIG Common Stock underlying one-third of the 2015 Performance Share Units (including dividend equivalent rights in the form of 2015 Performance Share Units) earned as determined by AIG's Compensation and Management Resources Committee in January 2018 based on pre-established performance goals for the three-year performance period ended December 31, 2017. The earned 2015 Performance Share Units have vested for the reporting person and are settled in shares of AIG Common Stock one-third in January of each of 2018, 2019 and 2020.
- F5The securities convert to AIG Common Stock on a 1 to 1 basis.