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 *
Fraccaro Michael
  2. Issuer Name and Ticker or Trading Symbol
Mastercard Inc [MA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Human Resources Officer
(Last)
(First)
(Middle)
2000 PURCHASE STREET
3. Date of Earliest Transaction (Month/Day/Year)
03/25/2019
(Street)

PURCHASE, NY 10577
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
Class A Common Stock 03/25/2019   M   1,807 (1) A $ 90.13 4,124.148 D  
Class A Common Stock 03/25/2019   M   2,186 (1) A $ 90.1 6,310.148 D  
Class A Common Stock 03/25/2019   M   4,122 (1) A $ 112.31 10,432.148 D  
Class A Common Stock 03/25/2019   S   4,739 (1) D $ 229.8907 (2) 5,693.148 D  
Class A Common Stock 03/25/2019   S   3,919 (1) D $ 230.5984 (3) 1,774.148 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Employee Stock Option (right ro buy) $ 90.13 03/25/2019   M     1,807 (1)   (4) 03/01/2025 Class A Common Stock 1,807 $ 0 0 D  
Employee Stock Option (right ro buy) $ 90.1 03/25/2019   M     2,186 (1)   (5) 03/01/2026 Class A Common Stock 2,186 $ 0 2,186 D  
Employee Stock Option (right to buy) $ 112.31 03/25/2019   M     4,122 (1)   (6) 03/01/2027 Class A Common Stock 4,122 $ 0 8,244 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Fraccaro Michael
2000 PURCHASE STREET
PURCHASE, NY 10577
      Chief Human Resources Officer  

Signatures

 /s/ Craig Brown, as attorney-in-fact for Michael Fraccaro pursuant to a power of attorney dated July 11, 2016   03/27/2019
**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 transactions reported in this Form 4 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 February 7, 2019.
(2) The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $229.37 to $230.24. The reporting person hereby undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.
(3) The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $230.39 to $231.07. The reporting person hereby undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.
(4) The reporting person was awarded 7,228 employee stock options on March 1, 2015, which vested in four equal annual installments beginning on March 1, 2016.
(5) The reporting person was awarded 8,744 employee stock options on March 1, 2016, of which 6,558 have vested. The remaining 2,186 employee stock options will vest on March 1, 2020.
(6) The reporting person was awarded 16,488 employee stock options on March 1, 2017, of which 8,244 have vested. The remaining 8,244 employee stock options will vest in two equal annual installments beginning on March 1, 2020.

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