AMERICAN EXPRESS CO — Director's Dealing 2020

Nov 10, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2020-11-06

Reporting Person: Buckminster Douglas E. (Grp Pres, Glb Consumer Svcs)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-06	Common Stock	G	11902	—	Disposed	0	Indirect
2020-11-06	Common Stock	M	19779	$44.54	Acquired	96633.066	Direct
2020-11-06	Common Stock	S	14827	$96.85	Disposed	81806.066	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-06	Employee Stock Option (Right to Buy)	$44.54	M	19779	Disposed	2021-01-27	Common Stock (19779)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13924.18	Indirect

Footnotes

F1: Upon termination of the grantor retained annuity trust on November 6, 2020, all 11,902 shares were transferred to an Irrevocable Trust for the benefit of his wife and two children.

F2: 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.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.50 to $97.16. 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.

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 became exercisable in four equal annual installments beginning on the date shown as "Date Exercisable."