SEC Form 4 · accession 0001127602-16-046733

WELLS FARGO & COMPANY/MN · WFC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

John G Stumpf

Officer — Chairman & CEO · Director

Period of report

Mar 15, 2016

Accepted (ET)

Mar 17, 2016 · 2:30 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000072971

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock, $1 2/3 Par Value^F1	Mar 15, 2016	M	558,018	$0.00	A	558,018	D
Common Stock, $1 2/3 Par Value	Mar 15, 2016	F	291,174	$49.98	D	266,844	D
Common Stock, $1 2/3 Par Value^F2	Mar 15, 2016	M	9,920	$0.00	A	276,764	D
Common Stock, $1 2/3 Par Value	Mar 15, 2016	F	4,944	$49.98	D	271,820	D
Common Stock, $1 2/3 Par Value^F3	Mar 15, 2016	M	7,642	$0.00	A	279,462	D
Common Stock, $1 2/3 Par Value	Mar 15, 2016	F	3,808	$49.98	D	275,654	D
Common Stock, $1 2/3 Par Value^F4	Mar 15, 2016	M	6,194	$0.00	A	281,848	D
Common Stock, $1 2/3 Par Value	Mar 15, 2016	F	3,087	$49.98	D	278,761	D
Common Stock, $1 2/3 Par Value^F5	holding	—	—		—	89,492	I	Through 401(k) Plan
Common Stock, $1 2/3 Par Value	holding	—	—		—	849,024	I	Through Family Trust
Common Stock, $1 2/3 Par Value	holding	—	—		—	7,736	I	Through Ira
Common Stock, $1 2/3 Par Value	holding	—	—		—	112,000	I	Through JJS 2011 Irrevocable Trust
Common Stock, $1 2/3 Par Value	holding	—	—		—	200,000	I	Through JS GRAT
Common Stock, $1 2/3 Par Value	holding	—	—		—	200,000	I	Through RS GRAT
Common Stock, $1 2/3 Par Value	holding	—	—		—	150,000	I	Through RT 2011 Irrevocable Trust
Common Stock, $1 2/3 Par Value	holding	—	—		—	4,863	I	Through Self Employed Pension Plan
Common Stock, $1 2/3 Par Value	holding	—	—		—	5,387	I	Through Spouse's Ira

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
2013 Performance Shares^F6,F7	—	Mar 15, 2016	M	558,018	D	—	—	Common Stock, $1 2/3 Par Value	558,018	0	D
Restricted Share Right^F8,F9	—	Mar 15, 2016	M	9,920	D	—	—	Common Stock, $1 2/3 Par Value	9,920	0	D
Restricted Share Right^F8,F10	—	Mar 15, 2016	M	7,642	D	—	—	Common Stock, $1 2/3 Par Value	7,642	7,642	D
Restricted Share Right^F8,F11	—	Mar 15, 2016	M	6,194	D	—	—	Common Stock, $1 2/3 Par Value	6,194	12,387	D

Explanation of responses

F1These shares represent common stock of Wells Fargo & Company (the "Company") acquired on March 15, 2016 upon settlement of a Performance Share award granted on March 8, 2013 in connection with the attainment of pre-established performance goals over the three-year performance period ended December 31, 2015 (as previously disclosed on a Form 4 filed on March 3, 2016).
F10These RSRs vest in three installments: one-third on 3/15/2015, 3/15/2016, and 3/15/2017. As a condition to receiving the grant, the reporting person agreed to hold, while employed by the Company and for at least one year after retirement, shares of Company common stock equal to at least 50% of the after-tax shares (assuming a 50% tax rate) acquired upon vesting. These RSRs were granted to the reporting person as part of the reporting person's 2013 annual incentive compensation award.
F11These RSRs vest in three installments: one-third on 3/15/2016, 3/15/2017, and 3/15/2018. As a condition to receiving the grant, the reporting person agreed to hold, while employed by the Company and for at least one year after retirement, shares of Company common stock equal to at least 50% of the after-tax shares (assuming a 50% tax rate) acquired upon vesting. These RSRs were granted to the reporting person as part of the reporting person's 2014 annual incentive compensation award.
F2Number of shares represents a Restricted Share Right ("RSR") vesting on 3/15/2016. Original grant date was 3/8/2013. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F3Number of shares represents a RSR vesting on 3/15/2016. Original grant date was 2/25/2014. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F4Number of shares represents a RSR vesting on 3/15/2016. Original grant date was 2/24/2015. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F5Reflects share equivalent of units in Wells Fargo ESOP Fund of 401(k) Plan (the "Plan") as of February 29, 2016, as if investable cash equivalents held by Plan were fully invested in Company common stock.
F6Each Performance Share represents a contingent right to receive one share of Company common stock upon vesting based on the attainment of pre-established performance goals.
F7Represents the maximum number of 2013 Performance Shares earned based on the Company's attainment of pre-established performance goals for the three-year performance period ended December 31, 2015, as provided under the terms of a Performance Share award granted on March 8, 2013, which is exempt under Rule 16b-3(d). The 2013 Performance Shares will be settled in shares of common stock of the Company on March 15, 2016. As a condition to receiving the award, the reporting person agreed to hold, while employed by the Company and for at least one year after retirement, shares of Company common stock equal to at least 50% of the after-tax shares (assuming a 50% tax rate) acquired upon vesting.
F8Each RSR represents a contingent right to receive one share of Company common stock.
F9These RSRs vest in three installments: one-third on 3/15/2014, 3/15/2015, and 3/15/2016. As a condition to receiving the grant, the reporting person agreed to hold, while employed by the Company and for at least one year after retirement, shares of Company common stock equal to at least 50% of the after-tax shares (assuming a 50% tax rate) acquired upon vesting. These RSRs were granted to the reporting person as part of the reporting person's 2012 annual incentive compensation award.