AMERICAN EXPRESS CO — Director's Dealing 2010

Dec 3, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2010-12-02

Reporting Person: Squeri Stephen J (Group Pres., Global Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-02	Common Stock	M	71971	$29.239	Acquired	192408	Direct
2010-12-02	Common Stock	M	52363	$16.71	Acquired	244771	Direct
2010-12-02	Common Stock	S	108860	$44.5663	Disposed	135911	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-02	Employee Stock Option (Right to Buy)	$29.239	M	71971	Disposed	2013-01-26	Common Stock (71971)	Direct
2010-12-02	Employee Stock Option (Right to Buy)	$16.71	M	52363	Disposed	2019-01-28	Common Stock (52363)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4668.62	Indirect

Footnotes

F1: Of the 124,334 shares acquired pursuant to the employee stock option exercise reported above, approximately 93,387 shares were sold to cover the cost of exercise and withholding taxes. Mr. Squeri retained 50% of the net shares acquired from this option exercise.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.47 to $44.68. The reporting person undertakes to provide to American Express Company, any security holder of American Express Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.

F3: 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.

F4: These options became exercisable in four equal annual installments beginning on date shown as "Date Exercisable."