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AMERICAN EXPRESS CO — Director's Dealing 2008
Feb 4, 2008
29774_dirs_2008-02-04_44313595-2e2c-4703-8d99-0a278bd3fe75.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2008-01-31
Reporting Person: CHENAULT KENNETH I (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-01-31 | Common Stock | A | 71748 | — | Acquired | 593720 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-01-31 | Employee Stock Option (Right to Buy) | $49.13 | A | 625000 | Acquired | 2018-01-30 | Common Stock (625000) | Direct |
| 2008-01-31 | Employee Stock Option (Right to Buy) | $49.13 | A | 1375000 | Acquired | 2018-01-30 | Common Stock (1375000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 100000 | Indirect |
| Common Stock | 100000 | Indirect |
| Common Stock | 75511 | Indirect |
| Common Stock | 54023 | Indirect |
| Common Stock | 40764 | Indirect |
| Common Stock | 27600 | Indirect |
| Common Stock | 20820 | Indirect |
Footnotes
F1: Restricted Stock Award will vest 100% after one year subject to the Company's achievement of certain financial performance requirements during the vesting period and other award requirements including continuous employment.
F2: Shares held in reporting person's account under the Company's Retirement Savings Plan. This plan uses unit accounting, and the number of shares that a participant is deemed to hold varies with the unit price of the Company pooled stock fund.
F3: These shares become exercisable in four cumulative annual installments of 25% each beginning on date shown as "Date Exercisable."
F4: These employee stock options will become exercisable on January 1, 2014 subject to the Company's achievement of specified financial performance metrics during the vesting period and other award requirements. A pro rated portion of this award may become exercisable sooner if Mr. Chenault's employment terminates prior to December 31, 2013 due to death or disability, or if a change in control of the Company occurs prior to such date.