Form Type: 4

SEC EDGAR Link
Accession Number:0001127602-20-009620
Date:2020-03-03
Issuer: WELLS FARGO & COMPANY/MN (WFC)
Original Submission Date:

Reporting Person:

FLOWERS DEREK A.
301 SOUTH COLLEGE STREET
CHARLOTTE, NC 28202

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK, $1 2/3 PAR VALUE 2020-03-03 0 $0.00 9,701 indirect
COMMON STOCK, $1 2/3 PAR VALUE 2020-03-03 0 $0.00 329 indirect
COMMON STOCK, $1 2/3 PAR VALUE 2020-03-03 0 $0.00 68,915 indirect
PREFERRED SHARES, SERIES L 2020-03-03 0 $0.00 25 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED SHARE RIGHT 0.0 2020-03-03 deemed execution date A 17,785 (a) common stock, $1 2/3 par value 17,785 $0.00 17,785 direct
2017 PERFORMANCE SHARES 0.0 2020-03-03 deemed execution date A 22,742 (a) common stock, $1 2/3 par value 22,742 $0.00 22,742 direct
Footnotes
IDfootnote
f1 reflects share equivalent of units in the wells fargo esop fund under the 401(k) plan (the "plan") as of february 28, 2020, as if investable cash equivalents held by plan were fully invested in wells fargo & company (the "company") common stock.
f2 includes the following shares acquired through the company's dividend reinvestment plan: 2.26 shares on 9/1/2019, 1.95 shares on 12/1/2019, and 2.595 shares on 3/1/2020.
f3 includes the following shares acquired through the company's dividend reinvestment plan: 739.289 shares on 9/1/2019, 637.12 shares on 12/1/2019, and 849.175 shares on 3/1/2020.
f4 each restricted share right ("rsr") represents a contingent right to receive one share of company common stock.
f5 these rsrs vest in three installments: one-third on 3/15/2021, 3/15/2022, and 3/15/2023. as a condition to receiving the grant, the reporting person agreed to hold, while employed by the company and for at least one year after retirement, shares of company common stock equal to at least 50% of the after-tax shares (assuming a 50% tax rate) acquired upon vesting.
f6 each performance share represents a contingent right to receive one share of company common stock upon vesting.
f7 represents the number of 2017 performance shares determined based on the company's attainment of pre-established financial performance goals for the three-year performance period ended december 31, 2019, subject to the terms and conditions of a performance share award granted on february 28, 2017, which is exempt under rule 16b-3(d). as a condition to receiving the award, the reporting person agreed to hold, while employed by the company and for at least one year after retirement, shares of company common stock equal to at least 50% of the after-tax shares (assuming a 50% tax rate) acquired upon vesting.
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