AMERICAN EXPRESS CO — Director's Dealing 2009

Dec 2, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2009-11-30

Reporting Person: CHENAULT KENNETH I (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-11-19	Common Stock	G	610	—	Disposed	1021168	Direct
2009-11-30	Common Stock	M	462673	$38.224	Acquired	1483841	Direct
2009-11-30	Common Stock	F	444413	$41.33	Disposed	1039428	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-11-30	Employee Stock Option (Right to Buy)	$38.224	M	462673	Disposed	2010-02-28	Common Stock (462673)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	22139	Indirect
Common Stock	5265	Indirect
Common Stock	8783	Indirect

Footnotes

F1: The reported disposition represents the surrender of previously owned shares to cover the cost of exercise and tax obligations relating to the exercise of employee stock options scheduled to expire in February 2010. As a result of this transaction Mr. Chenault increased his direct ownership of common shares.

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 options vested in three equal annual installments beginning on the date shown as "Date Exercisable" and expire on February 28, 2010.