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AMERICAN EXPRESS CO — Director's Dealing 2019
Apr 29, 2019
29774_dirs_2019-04-29_5084b711-c324-4107-b17c-a3c64de9f403.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: 2019-04-25
Reporting Person: Pickett Denise (President, GRBC and CRO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-04-25 | Common Stock | M | 20000 | $64.43 | Acquired | 30304.469 | Direct |
| 2019-04-25 | Common Stock | S | 17964 | $116.21 | Disposed | 12340.469 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-04-25 | Employee Stock Option (Right to Buy) | $65.43 | M | 20000 | Disposed | 2026-04-29 | Common Stock (20000) | Direct |
| 2019-04-29 | Employee Stock Option (Right to Buy) | $65.43 | A | 10000 | Acquired | 2026-04-29 | Common Stock (10000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1349 | Indirect |
Footnotes
F1: The reported disposition represents the sale of shares to cover the cost of exercise and withholding tax obligations arising from the stock option exercise reported above and the sale of 50% of the net shares acquired from this exercise.
F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.14 to $116.27. 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: Includes shares acquired pursuant to dividend reinvestment.
F4: Shares held in reporting person's account under the Company's Employee Stock Ownership Plan.
F5: These options became exercisable on April 29, 2018 based on the Company's positive cumulative net income over the two-year performance period.
F6: The reported acquisition represents the vesting of Stock Options that were granted to the reported person in April 2016. These options became exercisable on April 29, 2019 based on the Company's positive cumulative net income over the three-year performance period.