VISA INC. — Director's Dealing 2019

Nov 21, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VISA INC. (V)
CIK: 0001403161
Period of Report: 2019-11-19

Reporting Person: Sheedy William M. (EVP, THE STRATEGY GROUP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-19	Class A Common Stock	M	2114	—	Acquired	227740	Direct
2019-11-19	Class A Common Stock	M	2580	—	Acquired	230320	Direct
2019-11-19	Class A Common Stock	M	1484	—	Acquired	231804	Direct
2019-11-20	Class A Common Stock	S	3110	$182.515	Disposed	228694	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-19	Restricted Stock Units	$	M	2114	Disposed		Class A Common Stock (2114)	Direct
2019-11-19	Restricted Stock Units	$	M	2580	Disposed		Class A Common Stock (2580)	Direct
2019-11-19	Restricted Stock Units	$	M	1484	Disposed		Class A Common Stock (1484)	Direct
2019-11-19	Employee Stock Option (Right to Buy)	$182.77	A	20498	Acquired	2029-11-19	Class A Common Stock (20498)	Direct
2019-11-19	Restricted Stock Units	$	A	3283	Acquired		Class A Common Stock (3283)	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, 2016.

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, 2017.

F3: 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, 2018.

F4: The price reported in column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $182.5100 - $182.5300, 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: 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, 2019.

F6: 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, 2019.