Mastercard (MA) CEO Selander Sells 48,075 Shares
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After the close in a Form 4 filing, Mastercard Incorporated (NYSE: MA) CEO Robert W. Selander disclosed the sale of 48,075 shares on 10/09 at prices from $210.78-$214.18 after exercising options at $39 per share. Selander has a remaining position of 134,434 shares following the sale.
The options were set to expire on 05/25/2016.
The sales were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person on August 10, 2009.
Selander's 10b5-1 Plan allows for the sale of a maximum of: (1) approximately 48,713 shares of Class A common stock associated with restricted stock unit awards and (2) 48,075 shares of Class A common stock underlying stock option awards. Mr. Selander will continue to be subject to the Company's executive stock ownership guidelines until reaching the age of 62, whereby he is encouraged to hold at least six times his base salary in stock.
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