Anna Marrs - Jan 29, 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
Stock symbol
AXP
Transactions as of
Jan 29, 2022
Transactions value $
-$6,249,819
Form type
4/A - Amendment
Date filed
2/7/2022, 05:13 PM
Date Of Original Report
Jan 31, 2022
Previous filing
Nov 29, 2021
Next filing
Feb 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AXP Common Stock Award $0 +30.5K +510.58% $0.00 36.5K Jan 29, 2022 Direct F1
transaction AXP Common Stock Tax liability -$3.03M -17.1K -46.89% $177.06 19.4K Jan 29, 2022 Direct F2
transaction AXP Common Stock Options Exercise $3.33M +32.9K +170.05% $100.96 52.3K Jan 31, 2022 Direct
transaction AXP Common Stock Sale -$5.31M -30K -57.3% $177.14 22.3K Jan 31, 2022 Direct F3, F4
transaction AXP Common Stock Sale -$1.24M -6.7K -29.99% $184.55 15.6K Feb 4, 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 +32.9K $0.00 32.9K Jan 29, 2022 Common Stock 32.9K $100.96 Direct F6
transaction AXP Employee Stock Option (Right to Buy) Options Exercise $0 -32.9K -100% $0.00* 0 Jan 31, 2022 Common Stock 32.9K $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.