Anna Marrs - 29 Jan 2022 Form 4/A - Amendment Insider Report for AMERICAN EXPRESS CO (AXP)

Role
Group Pres., GCS and CFR
Signature
/s/ Kristina V. Fink, attorney-in-fact
Issuer symbol
AXP
Transactions as of
29 Jan 2022
Net transactions value
-$6,249,819
Form type
4/A - Amendment
Filing time
07 Feb 2022, 17:13:02 UTC
Date Of Original Report
31 Jan 2022
Previous filing
29 Nov 2021
Next filing
01 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AXP Common Stock Award $0 +30,507 +511% $0.000000 36,482 29 Jan 2022 Direct F1
transaction AXP Common Stock Tax liability $3,028,788 -17,106 -47% $177.06 19,376 29 Jan 2022 Direct F2
transaction AXP Common Stock Options Exercise $3,326,430 +32,948 +170% $100.96 52,324 31 Jan 2022 Direct
transaction AXP Common Stock Sale $5,310,964 -29,982 -57% $177.14 22,342 31 Jan 2022 Direct F3, F4
transaction AXP Common Stock Sale $1,236,497 -6,700 -30% $184.55 15,642 04 Feb 2022 Direct F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AXP Employee Stock Option (Right to Buy) Award $0 +32,948 $0.000000 32,948 29 Jan 2022 Common Stock 32,948 $100.96 Direct F6
transaction AXP Employee Stock Option (Right to Buy) Options Exercise $0 -32,948 -100% $0.000000* 0 31 Jan 2022 Common Stock 32,948 $100.96 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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.
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.