AMERICAN EXPRESS CO — Director's Dealing 2010

Jan 28, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2010-01-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-12-14	Common Stock	G	3647	—	Disposed	1035781	Direct
2009-12-14	Common Stock	G	10943	—	Disposed	1024838	Direct
2009-12-14	Common Stock	G	4863	—	Disposed	1019975	Direct
2009-12-14	Common Stock	G	4863	—	Disposed	1015112	Direct
2009-12-14	Common Stock	G	2026	—	Disposed	1013086	Direct
2009-12-14	Common Stock	J	5265	—	Disposed	0	Indirect
2009-12-14	Common Stock	J	5265	—	Acquired	1018351	Direct
2009-12-17	Common Stock	G	1060	—	Disposed	1017291	Direct
2009-12-17	Common Stock	G	1060	—	Acquired	9843	Indirect
2009-12-17	Common Stock	G	2460	—	Disposed	1014831	Direct
2009-12-23	Common Stock	G	85220	—	Disposed	929611	Direct
2009-12-23	Common Stock	G	85220	—	Acquired	85220	Indirect
2010-01-25	Common Stock	A	103860	—	Acquired	1033471	Direct
2010-01-25	Common Stock	F	45503	$37.79	Disposed	987968	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	22070	Indirect

Footnotes

F1: The reporting person's direct holdings have been increased to reflect the transfer of 5,265 shares from a grantor annuity trust (shown on the reporting person's previous filing as shares indirectly held by "GRAT 2005") into his directly held account.

F2: The reporting person's direct holdings have been decreased to reflect the gift of 1,060 shares to his spouse as trustee/custodian of trust accounts for the benefit of his children.

F3: The reporting person's direct holdings have been decreased to reflect the transfer of 85,220 shares from a joint account held by him and his spouse to an individual account in his spouse's name.

F4: Shares acquired pursuant to the vesting of Restricted Stock Units (i.e., "performance units") granted to reporting person on January 25, 2007.

F5: The reported disposition represents the surrender of shares to satisfy tax obligations arising from the vesting of Restricted Stock Units granted to reporting person on January 25, 2007.