Arvind Krishna - Dec 11, 2021 Form 4 Insider Report for INTERNATIONAL BUSINESS MACHINES CORP (IBM)

Role
Chairman and CEO, Director
Signature
D. Glowienka on behalf of A. Krishna
Stock symbol
IBM
Transactions as of
Dec 11, 2021
Transactions value $
-$1,577,814
Form type
4
Date filed
12/13/2021, 06:50 PM
Previous filing
Nov 10, 2021
Next filing
Feb 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IBM Common Stock Options Exercise $0 +24.2K +22.77% $0.00 130K Dec 11, 2021 Direct
transaction IBM Common Stock Options Exercise $0 +802 +0.61% $0.00 131K Dec 11, 2021 Direct
transaction IBM Common Stock Tax liability -$1.53M -12.3K -9.36% $124.35 119K Dec 11, 2021 Direct
transaction IBM Common Stock Tax liability -$50.7K -408 -0.34% $124.35 119K Dec 11, 2021 Direct

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 IBM Rst. Stock Unit Options Exercise $0 -25K -27.27% $0.00 66.7K Dec 11, 2021 Common Stock 25K $0.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On 12/11/18, the reporting person was granted 120,968 RSUs, 16,129 of which vested on 12/11/19, 16,129 of which vested on 12/11/20, 24,194 of which vested on 12/11/21, 32,258 of which will vest on 12/11/22, and 32,258 of which will vest on 12/11/23. In connection with the spin-off of Kyndryl Holdings, Inc. on November 3, 2021, unvested Issuer restricted stock units converted into additional restricted stock units, which are reflected in the table above.
F2 These units were payable in cash or the company's common stock upon the lapse of the restrictions on the transaction date shown.
F3 Release of restricted stock units.