Timothy J. Richmond - 12 Dec 2022 Form 4 Insider Report for AbbVie Inc. (ABBV)

Role
EVP, CHIEF HR OFFICER
Signature
Steven L. Scrogham, attorney-in-fact for Timothy J. Richmond
Issuer symbol
ABBV
Transactions as of
12 Dec 2022
Net transactions value
-$4,600,599
Form type
4
Filing time
14 Dec 2022, 16:06:08 UTC
Previous filing
01 Mar 2022
Next filing
21 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABBV Common stock, $0.01 par value Options Exercise $2,324,418 +42,370 +306% $54.86 56,207 12 Dec 2022 Direct
transaction ABBV Common stock, $0.01 par value Sale $6,420,410 -39,295 -70% $163.39 16,912 12 Dec 2022 Direct F1
transaction ABBV Common stock, $0.01 par value Sale $504,608 -3,075 -18% $164.10 13,837 12 Dec 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ABBV Option (Right to buy) Options Exercise $0 -42,370 -100% $0.000000* 0 12 Dec 2022 Common Stock 42,370 $54.86 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $163.02 to $164.00, inclusive. The reporting person undertakes to provide AbbVie Inc., any security holder of AbbVie Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $164.08 to $164.18, inclusive. The reporting person undertakes to provide AbbVie Inc., any security holder of AbbVie Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Employee stock option granted pursuant to the AbbVie 2013 Incentive Stock Program in a transaction exempt from Section16 under Rule 16b-3.

Remarks:

These transactions were made pursuant to a previously adopted plan complying with Rule 10b5-1(c).