Azita Saleki - Feb 28, 2023 Form 4 Insider Report for AbbVie Inc. (ABBV)

Role
EVP, OPERATIONS
Signature
Steven L. Scrogham, attorney-in-fact for Azita Saleki-Gerhardt
Stock symbol
ABBV
Transactions as of
Feb 28, 2023
Transactions value $
-$10,860,842
Form type
4
Date filed
3/2/2023, 04:01 PM
Previous filing
Feb 21, 2023
Next filing
Apr 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABBV Common Stock, $0.01 par value Tax liability -$5.15M -33.4K -14.3% $154.28 200K Feb 28, 2023 Direct
transaction ABBV Common Stock, $0.01 par value Options Exercise $1.39M +27K +13.51% $51.42 227K Mar 1, 2023 Direct
transaction ABBV Common Stock, $0.01 par value Sale -$4.18M -27K -11.9% $155.00 200K Mar 1, 2023 Direct
transaction ABBV Common Stock, $0.01 par value Sale -$1.41M -9.22K -4.61% $153.05 191K Mar 1, 2023 Direct F1
transaction ABBV Common Stock, $0.01 par value Sale -$120K -780 -0.41% $153.39 190K Mar 1, 2023 Direct F2
holding ABBV Common Stock, $0.01 par value 2.32K Feb 28, 2023 Profit sharing trust F3
holding ABBV Common Stock, $0.01 par value 3.87K Feb 28, 2023 By spouse F4

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 -$1.39M -27K -100% $51.42 0 Mar 1, 2023 Common Stock 27K $51.42 Direct F5
* 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 $152.37 to $153.36, 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 $153.37 to $153.47, 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 Balance in AbbVie Savings program as of January 31, 2023.
F4 The reporting person disclaims beneficial ownership of all securities held by her spouse.
F5 Employee stock option granted pursuant to the AbbVie 2013 Incentive Stock Program in a transaction exempt from Section 16 under Rule 16b-3.

Remarks:

The option exercise and sale transactions were made pursuant to a previously adopted plan complying with Rule 10b5-1(c).