8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): February 3, 2016
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MasterCard Incorporated
(Exact name of registrant as specified in its charter) |
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Delaware
(State or other jurisdiction
of incorporation) | 001-32877
(Commission
File Number) | 13-4172551
(IRS Employer
Identification No.) |
2000 Purchase Street
Purchase, New York
(Address of principal executive offices) | 10577
(Zip Code) |
(914) 249-2000 (Registrant's telephone number, including area code)
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NOT APPLICABLE
(Former name or former address, if changed since last report) |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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¨ | | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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¨ | | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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¨ | | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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¨ | | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events.
MasterCard Incorporated (the Company) announced today that the executive officers listed below entered into pre-arranged stock trading plans to sell a limited amount of the Company’s shares of Class A common stock, par value $0.0001 per share (the Class A common stock), for personal financial management purposes, designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and the Company’s insider trading policies regarding stock transactions (each a 10b5-1 Plan). These 10b5-1 Plans provide for the sale of specified share amounts at specified market prices, subject to certain limitations, as follows:
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Name | Title | Type of Securities | Earliest Sale Date | Latest Sale Date |
Ronald E. Garrow | Chief Human Resources Officer | Stock Options | April 4, 2016 | July 1, 2016 |
Timothy Murphy | General Counsel & Chief Franchise Officer | Restricted Stock Units and Stock Options | April 4, 2016 | December 31, 2016 |
Craig Vosburg | President, North America | Stock Options | April 5, 2016 | August 25, 2016 |
Each officer's 10b5-1 Plan may terminate sooner in accordance with its terms.
Messrs. Garrow, Murphy and Vosburg are subject to the Company’s executive stock ownership guidelines whereby they are encouraged to hold at least four times their respective base salaries in stock. For purposes of the stock ownership guidelines, shares of Class A common stock held directly or indirectly are included; however, unvested restricted stock units or performance stock units and unexercised stock options held are excluded.
Transactions made under these 10b5-1 Plans will be disclosed publicly through filings with the U.S. Securities and Exchange Commission. Except as may be required by law, the Company does not undertake to report on specific Rule 10b5-1 pre-planned stock trading plans of Company officers, nor to report modifications or terminations of the above-described 10b5-1 Plans or the plan of any other individual.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| MASTERCARD INCORPORATED
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Date: February 9, 2016 | By /s/ Janet McGinness
Janet McGinness
Corporate Secretary |
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