AMERICAN EXPRESS CO — Director's Dealing 2010

Jul 28, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2010-07-27

Reporting Person: Glenn William H (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-07-27	Common Stock	M	15308	$29.814	Acquired	39121	Direct
2010-07-27	Common Stock	M	34272	$29.239	Acquired	73393	Direct
2010-07-27	Common Stock	M	46379	$16.71	Acquired	119772	Direct
2010-07-27	Common Stock	S	82881	$44.4218	Disposed	36891	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-07-27	Employee Stock Option (Right to Buy)	$29.814	M	15308	Disposed	2012-09-03	Common Stock (15308)	Direct
2010-07-27	Employee Stock Option (Right to Buy)	$29.239	M	34272	Disposed	2013-01-26	Common Stock (34272)	Direct
2010-07-27	Employee Stock Option (Right to Buy)	$16.71	M	46379	Disposed	2019-01-28	Common Stock (46379)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	163	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.30 to $44.53. 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.

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."