Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
CHENAULT KENNETH I
   2. Issuer Name and Ticker or Trading Symbol
AMERICAN EXPRESS CO [AXP] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman & CEO
(Last)
(First)
(Middle)
200 VESEY STREET, AMERICAN EXPRESS TOWER		 3. Date of Earliest Transaction (Month/Day/Year)
08/16/2016
(Street)

NEW YORK, NY 10285-5001		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/16/2016   G V 16,000 D (1) 847,417 D  
Common Stock 01/26/2017   A(2)   63,149 A $ 76.89 910,566 D  
Common Stock 01/26/2017   F(3)   33,349 D $ 76.89 877,217 D  
Common Stock 01/26/2017   A(4)   63,148 A $ 76.89 940,365 D  
Common Stock 01/26/2017   D(4)   63,148 D $ 76.89 877,217 D  
Common Stock               67,568 I by trust fbo children
Common Stock               59,122 I by trust fbo children
Common Stock               26,148 I By Wife
Common Stock               24,631.8 (5) I By 401(k) Plan
Common Stock               4,158 I Wife As Trustee/custodian
Common Stock               2,850 I by son

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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)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
CHENAULT KENNETH I
200 VESEY STREET, AMERICAN EXPRESS TOWER
NEW YORK, NY 10285-5001		   X     Chairman & CEO  

Signatures

 /s/ Carol V. Schwartz, attorney-in-fact   01/30/2017
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) The reported disposition represents a bona fide charitable gift made by the reporting person.
(2) Represents shares acquired pursuant to vesting of RSUs that were granted to the reporting person in January 2016 and vested in January 2017 based on the terms of the grant approved in January 2016 (see Remarks below). Pursuant to the award terms, the reporting person is required to hold 100% of shares (net of taxes) received upon the vesting of equity awards until one-year after retirement.
(3) The reported disposition represents the surrender of shares to satisfy tax obligations arising from the vesting of the RSUs granted in January 2016.
(4) The transactions reported represent RSUs granted in January 2016, which were settled in cash upon vesting in accordance with the terms of the grant approved in January 2016 (see Remarks below). The transactions reported represent a simultaneous deemed acquisition of these shares from the issuer and disposition of these shares to the issuer. The issuer withheld a portion of the amount due to the reporting person to satisfy tax obligations arising from the vesting of the RSUs granted in January 2016.
(5) Shares held in reporting person's account under the Company's Retirement Savings Plan. This plan uses unit accounting, and the number of shares that a participant is deemed to hold varies with the unit price of the Company pooled stock fund.
 
Remarks:
As disclosed in the Company's 2016 Proxy Statement, in January 2016, the Compensation and Benefits Committee paid Mr. Chenault's 2015 Annual Incentive Award in restricted stock units ("RSUs"). The Committee also awarded RSUs as payment of the Portfolio Grant earned by Mr. Chenault over the 2013-2015 performance period. All of these RSUs were deferred with a one-year vesting period and structured to pay: 1/2 of each award in shares (which must be held by Mr. Chenault until one-year after retirement) and 1/2 in cash. These RSUs vested on January 26, 2017. Prior to these vestings, Mr. Chenault directly held 847,417 shares of common stock; after these vestings and withholdings for payment of taxes, he directly held 877,217 shares of common stock. As a result of these vestings, Mr. Chenault's ownership increased by 29,800 shares of common stock; and he directly and indirectly beneficially owned a total of 1,061,695 shares of common stock.

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