Marrs Anna's Form 4/A amendment
AmendedAmerican Express Co (AXP) · filed Feb 7, 2022
- Accession no.
- 0001127602-22-003597
- Filed
- Feb 7, 2022
- Trade date
- Jan 29-Feb 4, 2022
- Filing delay
- 9 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Jan 31, 2022
This filing lists 5 non-derivative transactions and 2 derivative transactions. Open-market sales total $6.55M. It was filed 9 days after the trade.
This amendment replaces 0001127602-22-003000 (filed Feb 2, 2022).
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Marrs AnnaCIK 0001753557 | Officer (Group Pres., GCS and CFR) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jan 29, 2022 | Common Stock | AGrant or awardAcquired | +30,507 | $0.00 | $0 | 36,482 | Direct | |
| Jan 29, 2022 | Common Stock | FTax withholdingDisposed | −17,106 | $177.06 | −$3,028,788.36 | 19,376 | Direct | |
| Jan 31, 2022 | Common Stock | MOption exerciseAcquired | +32,948 | $100.96 | +$3,326,430.08 | 52,324 | Direct | |
| Jan 31, 2022 | Common Stock | SSaleDisposed | −29,982 | $177.14F3 | −$5,311,011.48 | 22,342 | Direct | |
| Feb 4, 2022 | Common Stock | SSaleDisposed | −6,700 | $184.55F5 | −$1,236,485 | 15,642 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jan 29, 2022 | Common Stock | AGrant or awardAcquired | +32,948 | $0.00 | $0 | 32,948 | Direct | |
| Jan 31, 2022 | Common Stock | MOption exerciseDisposed | −32,948 | $0.00 | $0 | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Represents shares acquired pursuant to vesting of Restricted Stock Units that were granted to the reporting person in January 2019 and have vested based on the Company's 2019-21 average return on equity performance.
- F2
The reported disposition represents the surrender of shares to satisfy tax obligations arising from the vesting of Restricted Stock Units.
- F3
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $177.0100 to $177.3350. 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.
Referenced by the price of 1 transaction in Table I.
- F4
This amount reflect 2,966 additional shares that had been previously incorrectly classified as a derivative security (stock option) under Table II.
- F5
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $184.5392 to $184.6100. 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.
Referenced by the price of 1 transaction in Table I.
- F6
The reported acquisition represents the vesting of Stock Options that were granted to the reported person on 1/29/2019. These options became exercisable on 1/29/2022 based on the Company's positive cumulative net income over the three year performance period.
Remarks
The original Form 4 and the amended Form 4, filed on February 1, 2022 and February 2, 2022, respectively, had each incorrectly classified 2,966 shares of common stock as derivative securities (stock options) on Table II. The stock options were exercised and they are now properly reflected in the reporting person's common stock balance.