D. Cohn - Dec 28, 2021 Form 4 Insider Report for INTERNATIONAL BUSINESS MACHINES CORP (IBM)

Role
Vice Chairman
Signature
D. Glowienka on behalf of G. D. Cohn
Stock symbol
IBM
Transactions as of
Dec 28, 2021
Transactions value $
-$2,558,136
Form type
4
Date filed
12/29/2021, 03:28 PM
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IBM Common Stock Options Exercise $0 +33.7K $0.00 33.7K Dec 28, 2021 Direct
transaction IBM Common Stock Tax liability -$2.56M -19.3K -57.38% $132.40 14.4K Dec 28, 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 -33.7K -40% $0.00 50.5K Dec 28, 2021 Common Stock 33.7K $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 12/28/20, the reporting person was granted 81,480 RSUs, 32,592 of which vested on 12/28/21, 26,481 of which will vest on 12/28/22, and 22,407 of which will vest on 12/28/23. In connection with the spin-off of Kyndryl Holdings, Inc. on November 3, 2021, unvested Issuer restricted stock units were adjusted to reflect additional restricted stock units, which additional restricted stock units are included in the figures 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.