SEC Form 4 · accession 0001209191-17-046099
FIRST DATA CORP · FDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank Bisignano
Officer — Chief Executive Officer · Director
Period of report
Jul 20, 2017
Accepted (ET)
Jul 24, 2017 · 6:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000883980
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Jul 20, 2017 | A | 5,000,000 | $0.00 | A | 7,107,398 | D | |
| Class A Common StockF2 | holding | — | — | — | 325,465 | I | See footnote | |
| Class A Common Stock | holding | — | — | — | 1,900 | I | By trust | |
| Class A Common Stock | holding | — | — | — | 5,800 | I | By spouse | |
| Class A Common StockF3 | holding | — | — | — | 10,190 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a grant of restricted shares of Class A common stock which, subject to the reporting person's continued employment through each applicable vesting date, will vest 14.2857% per year beginning on August 15, 2018 and on each subsequent 15th day of August (Vesting Period) with any remaining shares vesting on August 15, 2024, provided that the annual vesting percentage shall increase to 20% for any Vesting Period in which, for 10 consecutive trading days, the closing price of First Data Class A common stock on the New York Stock Exchange meets or exceeds the share price corresponding to a 15% cumulative annual increase in the value of each share from the closing price on August 15, 2017 to the vesting date.
- F2Held by the Frank J. Bisignano 2016 Grantor Retained Annuity Trust.
- F3These shares are held in accounts for the benefit of the reporting person's children.