VISA INC. — Director's Dealing 2012

Dec 4, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VISA INC. (V)
CIK: 0001403161
Period of Report: 2012-11-30

Reporting Person: RICHEY ELLEN (CHIEF ENTERPRISE RISK OFFICER)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-30	Class A Common Stock	M	31874	—	Acquired	35727	Direct
2012-11-30	Class A Common Stock	S	11342	$148.85	Disposed	3853	Direct
2012-11-30	Class A Common Stock	S	20532	$149.41	Disposed	15195	Direct
2012-11-30	Class A Common Stock	M	4530	—	Acquired	19725	Direct
2012-11-30	Class A Common Stock	M	8504	—	Acquired	28229	Direct
2012-11-30	Class A Common Stock	F	6086	$149.71	Disposed	22143	Direct
2012-12-03	Class A Common Stock	S	4837	$148.95	Disposed	6455	Indirect
2012-12-03	Class A Common Stock	S	4140	$149.95	Disposed	2315	Indirect
2012-12-03	Class A Common Stock	S	100	$150.64	Disposed	2215	Indirect
2012-12-03	Class A Common Stock	J	6948	—	Acquired	9163	Indirect
2012-12-03	Class A Common Stock	J	6948	—	Disposed	15195	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-30	Employee Stock Option (Right to Buy)	$56.47	M	31874	Disposed	2018-11-05	Common Stock (31874)	Direct
2012-11-30	Performance Share Award	$0	M	4530	Disposed		Common Stock (4530)	Direct
2012-11-30	Performance Share Award	$0	M	8504	Disposed		Common Stock (8504)	Direct

Footnotes

F1: This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 11, 2012.

F2: The price reported in column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $148.14 - 149.13, inclusive. The reporting person undertakes to provide to Visa Inc., any security holder of Visa Inc., or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares disposed of at each separate price within the ranges set forth in this Form 4.

F3: The price reported in column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $149.14 - $149.90, inclusive. The reporting person undertakes to provide to Visa Inc., any security holder of Visa Inc., or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares disposed of at each separate price within the ranges set forth in this Form 4.

F4: The price reported in column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $148.59 - $149.57, inclusive. The reporting person undertakes to provide to Visa Inc., any security holder of Visa Inc., or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares disposed of at each separate price within the ranges set forth in this Form 4.

F5: The price reported in column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $149.62 - $150.40, inclusive. The reporting person undertakes to provide to Visa Inc., any security holder of Visa Inc., or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares disposed of at each separate price within the ranges set forth in this Form 4.

F6: This option was granted on November 5, 2008 and vested in three installments over a three-year period after the date of grant.

F7: Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value.

F8: Represents performance share awards granted and earned pursuant to the Visa Inc. 2007 Equity Incentive Compensation Plan. The earned performance share award vested in two equal installments on November 30, 2011 and 2012, respectively.

F9: Represents performance share awards granted and earned pursuant to the Visa Inc. 2007 Equity Incentive Compensation Plan. The earned performance share award vests in two equal installments on November 30, 2012 and 2013, respectively.