SEC FORM
4
SEC Form 4
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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| OMB APPROVAL |
| OMB Number: |
3235-0287 |
| Estimated average burden |
| hours per response: |
0.5 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b). |
1. Name and Address of Reporting Person*
| JPMORGAN CHASE & CO. |
| 270 PARK AVENUE |
(Street)
|
2. Issuer Name and Ticker or Trading Symbol
J P MORGAN CHASE & CO
[ JPM ]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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Director |
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10% Owner |
| X |
Officer (give title below) |
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Other (specify below) |
| Chief Administrative Officer |
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3. Date of Earliest Transaction
(Month/Day/Year)
02/03/2010
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4. If Amendment, Date of Original Filed
(Month/Day/Year)
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6. Individual or Joint/Group Filing (Check Applicable Line)
| X |
Form filed by One Reporting Person |
|
Form filed by More than One Reporting Person |
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
|---|
| 1. Title of Security (Instr.
3)
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2. Transaction Date
(Month/Day/Year) |
2A. Deemed Execution Date, if any
(Month/Day/Year) |
3. Transaction Code (Instr.
8)
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4. Securities Acquired (A) or Disposed Of (D) (Instr.
3, 4 and 5)
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5.
Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr.
3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr.
4)
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7. Nature of Indirect Beneficial Ownership (Instr.
4)
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| Code |
V |
Amount |
(A) or (D) |
Price |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
|
|---|
| 1. Title of Derivative Security (Instr.
3)
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2. Conversion or Exercise Price of Derivative Security
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3. Transaction Date
(Month/Day/Year) |
3A. Deemed Execution Date, if any
(Month/Day/Year) |
4. Transaction Code (Instr.
8)
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5.
Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr.
3, 4 and 5)
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6. Date Exercisable and Expiration Date
(Month/Day/Year) |
7. Title and Amount of Securities Underlying Derivative Security (Instr.
3 and 4)
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8. Price of Derivative Security (Instr.
5)
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9.
Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr.
4)
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10. Ownership Form: Direct (D) or Indirect (I) (Instr.
4)
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11. Nature of Indirect Beneficial Ownership (Instr.
4)
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| Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
| Right to Receive Stock |
$0
|
02/03/2010 |
|
A
|
|
80,584 |
|
|
01/13/2013 |
Common Stock |
80,584 |
$0
|
80,584 |
D |
|
| Stock Appreciation Rights |
$43.2
|
02/03/2010 |
|
A
|
|
149,179 |
|
|
01/20/2020 |
Common Stock |
149,179 |
$0
|
149,179 |
D |
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| Explanation of Responses: |
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|
|
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| Remarks: |
|
|
/s/ Anthony Horan under POA |
02/05/2010 |
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** Signature of Reporting Person |
Date |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
| * If the form is filed by more than one reporting person,
see
Instruction
4
(b)(v). |
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure. |
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |
Exhibit 99.1
Equity incentives are subject to the JPMorgan Chase Bonus Recoupment Policy
which applies in the event of a material restatement of the Firm's financials.
In addition, all equity awards (restricted stock units and/or stock options) granted
in 2010 contain recovery provisions that enable the Firm to cancel an unvested
or unexercised award and recover certain stock distributed under the award:
- if the employee is terminated for cause (including violation of the Firm's
Code of Conduct or other policies) or engages in conduct that is
detrimental to the Firm insofar as it causes material financial or
reputational harm to the Firm or its business activities;
- if the award was based on materially inaccurate performance metrics,
whether or not the employee was responsible for the inaccuracy;
- if the award was based on a material misrepresentation by the employee;
and
- for members of the Operating Committee and certain other employees,
awards are also subject to cancellation and recovery for failure to
properly identify, raise or assess, in a timely manner and as reasonably
expected, risks and/or concerns with respect to risks material to the Firm or
its business activities.
For members of the Firm's Operating Committee, although it is intended and
expected that the awards would vest and/or become exercisable as scheduled,
the terms and conditions of the awards allow for reduction (and therefore
forfeiture) or (to the extent permitted under Section 409A of the United States
Internal Revenue Code) deferral in scheduled vesting or exercisability in the
event of a determination by the CEO, as part of the Firm's annual performance
assessment process, based on the CEO's assessment of the performance of the
executive and the Firm (which may include more than one performance year),
that an executive has not achieved satisfactory progress toward priorities that
have been established for the executive or that the Firm has not achieved
satisfactory progress toward the Firm's priorities for which the executive shares
responsibility as a member of the Operating Committee. Such determination is
subject to ratification by the Compensation and Management Development
Committee. (In the case of an award to the CEO, such determination shall be
made by the Compensation and Management Development Committee
subject to ratification by the Board of Directors.)
