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AMERICAN EXPRESS CO — Director's Dealing 2010
Nov 9, 2010
29774_dirs_2010-11-09_8d0d9f0d-6bbc-4056-b9cd-2957ad60d564.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: 2010-11-05
Reporting Person: Gupta Ashwini (Pres-Risk/Info Mgmt/Banking Gp)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-11-05 | Common Stock | M | 79968 | $38.922 | Acquired | 150585 | Direct |
| 2010-11-05 | Common Stock | S | 77472 | $44.0333 | Disposed | 73113 | Direct |
| 2010-11-05 | Common Stock | S | 2496 | $44.0333 | Disposed | 70617 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-11-05 | Employee Stock Option (Right to Buy) | $38.922 | M | 79968 | Disposed | 2011-02-25 | Common Stock (79968) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 17938 | Indirect |
Footnotes
F1: Of the 79,968 shares acquired pursuant to the employee stock option exercise reported above, approximately 74,977 shares were sold to cover the cost of exercise and withholding taxes. Mr. Gupta 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 $44.02 to $44.084. 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: These shares were originally acquired from previous stock option exercises or restricted stock vestings under registered Company plans or pursuant to dividend reinvestment.
F4: 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.
F5: These options vested in three equal annual installments beginning on the date shown as "Date Exercisable."