AMERICAN EXPRESS CO — Director's Dealing 2021

Mar 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2021-02-26

Reporting Person: Squeri Stephen J (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-26	Common Stock	M	21000	$83.30	Acquired	52285	Direct
2021-02-26	Common Stock	M	48635	$77.43	Acquired	100920	Direct
2021-02-26	Common Stock	S	68635	$135.57	Disposed	32285	Direct
2021-02-26	Common Stock	S	1000	$136.03	Disposed	31285	Direct
2021-02-26	Common Stock	J	30000	$136.02	Disposed	175877	Indirect
2021-02-26	Common Stock	J	30000	$136.02	Acquired	61285	Direct
2021-03-01	Common Stock	G	30000	—	Disposed	31285	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-26	Employee Stock Option (Right to Buy)	$83.30	M	21000	Disposed	2025-01-26	Common Stock (21000)	Direct
2021-02-26	Employee Stock Option (Right to Buy)	$77.43	M	48635	Disposed	2027-01-28	Common Stock (48635)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	123.37	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 $135.18 to $136.02, inclusive. The reporting
person undertakes to provide to the Company, any security holder of the 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 the ranges set forth in footnotes (1) and (2) to this Form 4.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $136.025 to $136.04, inclusive.

F3: On February 26, 2021, the reporting person withdrew 30,000 shares of Company common stock from a grantor retained annuity trust established for the benefit of himself and his beneficiaries. In exchange for the shares, the reporting person contributed to the trust cash and securities with a value equal to $4,080,600. The withdrawal of shares from the trust resulted in a decrease in the number of shares the reporting person beneficially owns indirectly through the trust and a corresponding increase in the number of shares the reporting person beneficially owned directly. The reporting person believes that his withdrawal of shares from the trust constitutes a change in form of beneficial ownership of the shares, exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

F4: The reported disposition represents a bona fide charitable gift made by the reporting person.

F5: 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.