Summary
This 8-K filing from Visa Inc. on December 6, 2011, primarily reports on a pre-arranged stock trading plan adopted by William M. Sheedy, Group President, Americas. Under this plan, Mr. Sheedy intends to exercise options and sell up to 52,000 shares of Visa stock, with the plan scheduled to conclude in January 2013. This type of plan is established in accordance with SEC Rule 10b5-1 and Visa's insider trading policy, providing a mechanism for executives to trade company stock within predetermined parameters. The transactions will be publicly disclosed via Form 4 filings. Investors should note that while this specific plan is being disclosed, Visa generally does not report on individual officer stock trading plans.
Key Highlights
- 1William M. Sheedy, Group President, Americas, adopted a pre-arranged stock trading plan.
- 2The plan allows for the exercise of options and sale of up to 52,000 shares of Visa stock.
- 3The stock trading plan is scheduled to terminate in January 2013.
- 4The plan was adopted in compliance with SEC Rule 10b5-1 and Visa's insider trading policy.
- 5All transactions made under the plan will be publicly disclosed through Form 4 filings.
- 6Mr. Sheedy remains subject to Visa's executive stock ownership guidelines.