VISA INC. — Director's Dealing 2017

Nov 22, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VISA INC. (V)
CIK: 0001403161
Period of Report: 2017-11-19

Reporting Person: Sheedy William M. (EVP CORP STRAT, M&A, GR)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-19	Class A Common Stock	M	2365	—	Acquired	242762	Direct
2017-11-19	Class A Common Stock	M	2113	—	Acquired	244875	Direct
2017-11-20	Class A Common Stock	F	3702	$109.7312	Disposed	241173	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-19	Restricted Stock Units	$	M	2365	Disposed		Class A Common Stock (2365)	Direct
2017-11-19	Restricted Stock Units	$	M	2113	Disposed		Class A Common Stock (2113)	Direct
2017-11-19	Employee Stock Option (Right to Buy)	$109.82	A	47534	Acquired	2027-11-19	Class A Common Stock (47534)	Direct
2017-11-19	Restricted Stock Units	$	A	7740	Acquired		Class A Common Stock (7740)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value. The restricted stock units vest in three equal installments on each of the first three anniversaries of the date of the grant, subject to earlier vesting in full in limited circumstances as specified in the award agreement. The award was granted on November 19, 2015.

F2: Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value. The restricted stock units vest in three equal installments on each of the first three anniversaries of the date of the grant, subject to earlier vesting in full in limited circumstances as specified in the award agreement. The award was granted on November 19, 2016.

F3: The price reported in column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $109.7100 - $109.7800, 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: Options vest in three equal installments on each of the first three anniversaries of the date of the grant, subject to earlier vesting in full in limited circumstances as specified in the award agreement. The option was granted on November 19, 2017.

F5: Each restricted stock unit represents a contingent right to receive one share of Visa Inc. common stock or a cash equivalent of its value. The restricted stock units vest in three equal installments on each of the first three anniversaries of the date of the grant, subject to earlier vesting in full in limited circumstances as specified in the award agreement. The award was granted on November 19, 2017.