SEC Form 4 · accession 0001127602-15-024799
MARSH & MCLENNAN COMPANIES, INC. · MRSH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J. Michael Bischoff
Officer — Chief Financial Officer
Period of report
Aug 11, 2015
Accepted (ET)
Aug 12, 2015 · 4:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000062709
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 11, 2015 | M | 4,286 | $0.00 | A | 24,498 | D | |
| Common Stock | Aug 11, 2015 | M | 4,688 | $0.00 | A | 29,186 | D | |
| Common Stock | Aug 11, 2015 | S | 6,863 | $58.162 | D | 22,323 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F3 | $30.215 | Aug 11, 2015 | M | 4,286 | D | — | Mar 14, 2016 | Common Stock | 4,286 | 0 | D |
| Stock Options (Right to Buy)F4 | $29.60 | Aug 11, 2015 | M | 4,688 | D | — | Feb 11, 2017 | Common Stock | 4,688 | 0 | D |
Explanation of responses
- F1Includes shares acquired under the Marsh & McLennan Companies Employee Stock Purchase Plan and dividend reinvestment shares acquired on May 15, 2015.
- F2On August 11, 2015, Mr. Bischoff exercised 4,286 options set to expire on March 14, 2016 and 4,688 options set to expire on February 11, 2017. The 6,863 shares that were sold were used to cover the exercise price and related taxes. The remaining 2,111 shares were held by Mr. Bischoff resulting in a net increase in his ownership of MMC common stock.
- F3These options vested in four equal annual installments on March 15th of 2007, 2008, 2009, and 2010. These options became exercisable on December 4, 2012, when the closing price of Marsh & McLennan Companies common stock had been at least 15% higher than the exercise price of the options for ten consecutive trading days after the options had vested.
- F4These options vested in four equal annual installments on February 12th of 2008, 2009, 2010, and 2011. These options became exercisable on October 13, 2012, when the closing price of Marsh & McLennan Companies common stock had been at least 15% higher than the exercise price of the options for ten consecutive trading days after the options had vested.