SECURITIES AND EXCHANGE COMMISSION

Metro Manila, Philippines

FORM 23-B
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
Check box if no longer subject Filed pursuant to Section 23 of the Securities Regulation Code
to filing requirement

1. Name and Address of Reporting Person 2. Issuer Name and Trading Symbol 7. Relationship of Reporting Person to Issuer
(Check all applicable)
ZOBEL DE AYALA, JAIME AUGUSTO AYALA CORPORATION (AC)
(Last) (First) (Middle) 3. Tax Identification 5. Statement for ___x__ Director ______ 10% Owner
Number Month/Year ______ Officer ______ Other
74 Cambridge Circle, North Forbes Park (give title below) (specify below)
104-145-637 May 2021
(Street) 4. Citizenship 6. If Amendment, Date of CHAIRMAN OF THE BOARD
Original (MonthYear)
Makati City FILIPINO
(City) (Province) (Postal Code)
Table 1 - Equity Securities Beneficially Owned

1. Class of Equity Security 2. Transaction 4. Securities Acquired (A) or Disposed of (D) 3. Amount of Securities Owned at End of 4 Ownership Form: 6. Nature of Indirect Beneficial
Date Month Direct (D) or Indirect (I) * Ownership
(Month/Day/Year) % Number of Shares
Amount (A) or (D) Price

Common Shares at P50.00 Par Value Beg. Bal. 0.10% 633,722 I -633,721 sh 633,721 indirect sh thru ESOWN
Bal as of 5/20/2020 I - 1 sh 1 sh lodged with PCD

5/25/2021 60,525 (A)* P749.47 (2021 ESOWN Price)

*Acquired through ESOWN subscription

End. Bal. 0.11% 694,247 I - 694,246 sh 694,246 indirect sh thru ESOWN

Bal as of 5/25/2021 I - 1 sh 1 sh lodged with PCD

Voting Preferred Shares at P1.00 Par Value End. Bal. 0.27% 543,802 D
Bal as of 5/20/2010

Preferred "B" Shares at P100.00 Par Value End Bal. 0.10% 20,000 I lodged with PCD
Bal as of 11/15/2013
(Print or Type Responses)

If the change in beneficial ownership is 50% of the previous shareholdings or is equal to 5% of the outstanding
capital stock of the issuer, provide the disclosure requirements set forth on page 3 of this form.
Reminder: Report on a separate line for each class of equity securities beneficially owned directly or indirectly.
(1) A person is directly or indirectly the beneficial owner of any equity security with respect to which he has or shares:
(A) Voting power which includes the power to vote, or to direct the voting of, such security; and/or
(B) Investment power which includes the power to dispose of, or to direct the disposition of, such security.
(2) A person will be deemed to have an indirect beneficial interest in any equity security which is:
(A) held by members of a person's immediate family sharing the same household;
(B) held by a partnership in which such person is a general partner;
(C) held by a corporation of which such person is a controlling shareholder; or
(D) subject to any contract, arrangement or understanding which gives such person voting power or investment power with respect to such security.
FORM 23-B (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., warrants, options, convertible securities)

1. Derivative Security 2. Conversion or 3. Transaction 4. Number of Derivative Securities 5. Date 6. Title and Amount of 7. Price of 8. No. of 9. Owner- 10. Nature
Exercise Price Date Acquired (A) or Disposed of (D) Exercisable and Underlying Securities Derivative Derivative ship Form of Indirect
of Derivative (Month/Day/Yr) Expiration Date Security Securities of Derivative Beneficial
Security (Month/Day/Year) Beneficially Security; Ownership
Owned at Direct (D)
Date Exercisable Expiration Amount or End of or
Amount (A) or (D) Date Title Number Month Indirect (I) *
of Shares

N/A

Explanation of Responses:

JAIME AUGUSTO ZOBEL DE AYALA

By: SONOMA SERVICES, INC. June 9, 2021
Note: File three (3) copies of this form, one of which must be manually signed. Date
Attach additional sheets if space provided is insufficient.

AGNES R. SAYAO ROSELLE SHARON R. MENDOZA

 SECURITIES AND EXCHANGE COMMISSION
Metro Manila, Philippines

FORM 23-B
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
Check box if no longer subject Filed pursuant to Section 23 of the Securities Regulation Code
to filing requirement
1. Name and Address of Reporting Person 2. Issuer Name and Trading Symbol 7. Relationship of Reporting Person to Issuer
(Check all applicable)
ZOBEL DE AYALA, FERNANDO AYALA CORPORATION
(Last) (First) (Middle) 3. Tax Identification 5. Statement for ___x__ Director ______ 10% Owner
Number Month/Year ___x__ Officer ______ Other
6 Harvard Road, North Forbes Park (give title below) (specify below)
104-104-067 May 2021
(Street) 4. Citizenship 6. If Amendment, Date of PRESIDENT & CEO
Original (MonthYear)
Makati City FILIPINO
(City) (Province) (Postal Code)
Table 1 - Equity Securities Beneficially Owned

1. Class of Equity Security 2. Transaction 4. Securities Acquired (A) or Disposed of (D) 3. Amount of Securities Owned at End of 4 Ownership Form: 6. Nature of Indirect Beneficial
Date Month Direct (D) or Indirect (I) * Ownership
(Month/Day/Year) % Number of Shares
Amount (A) or (D) Price

Common Shares at P50.00 Par Value Beg Bal 0.10% 616,376 I - 610,245 sh 610,245 indirect sh thru ESOWN
Bal as of 5/20/2020 I - 6,131 sh 6,131 sh lodged with PCD

5/25/2021 56,303 (A)* P749.47 (2021 ESOWN Price)

*Acquired through ESOWN subscription

End Bal 0.11% 672,679 I - 666,548 sh 666,548 indirect sh thru ESOWN

Bal as of 5/25/2021 I - 6,131 sh 6,131 sh lodged with PCD

Voting Preferred Shares at P1.00 Par Value End Bal 0.28% 554,983 D
Bal as of 5/20/2010
(Print or Type Responses)

If the change in beneficial ownership is 50% of the previous shareholdings or is equal to 5% of the outstanding
capital stock of the issuer, provide the disclosure requirements set forth on page 3 of this form.
Reminder: Report on a separate line for each class of equity securities beneficially owned directly or indirectly.
(1) A person is directly or indirectly the beneficial owner of any equity security with respect to which he has or shares:
(A) Voting power which includes the power to vote, or to direct the voting of, such security; and/or
(B) Investment power which includes the power to dispose of, or to direct the disposition of, such security.
(2) A person will be deemed to have an indirect beneficial interest in any equity security which is:
(A) held by members of a person's immediate family sharing the same household;
(B) held by a partnership in which such person is a general partner;
(C) held by a corporation of which such person is a controlling shareholder; or
(D) subject to any contract, arrangement or understanding which gives such person voting power or investment power with respect to such security.
FORM 23-B (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., warrants, options, convertible securities)

1. Derivative Security 2. Conversion or 3. Transaction 4. Number of Derivative Securities 5. Date 6. Title and Amount of 7. Price of 8. No. of 9. Owner- 10. Nature
Exercise Price Date Acquired (A) or Disposed of (D) Exercisable and Underlying Securities Derivative Derivative ship Form of Indirect
of Derivative (Month/Day/Yr) Expiration Date Security Securities of Derivative Beneficial
Security (Month/Day/Year) Beneficially Security; Ownership
Owned at Direct (D)
Date Exercisable Expiration Amount or End of or
Amount (A) or (D) Date Title Number Month Indirect (I) *
of Shares

N/A

Explanation of Responses:

FERNANDO ZOBEL DE AYALA

By: SONOMA SERVICES, INC. June 9, 2021
Note: File three (3) copies of this form, one of which must be manually signed. Date
Attach additional sheets if space provided is insufficient.

AGNES R. SAYAO ROSELLE SHARON R. MENDOZA