Robert Del Bene - Jun 8, 2022 Form 4 Insider Report for INTERNATIONAL BUSINESS MACHINES CORP (IBM)

Signature
D. Glowienka on behalf of R. F. Del Bene
Stock symbol
IBM
Transactions as of
Jun 8, 2022
Transactions value $
-$318,869
Form type
4
Date filed
6/10/2022, 04:29 PM
Previous filing
Jun 9, 2022
Next filing
Aug 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IBM Common Stock Options Exercise $0 +971 +6.18% $0.00 16.7K Jun 8, 2022 Direct
transaction IBM Common Stock Tax liability -$76K -538 -3.23% $141.28 16.1K Jun 8, 2022 Direct
transaction IBM Common Stock Options Exercise $0 +1.68K +10.39% $0.00 17.8K Jun 8, 2022 Direct
transaction IBM Common Stock Tax liability -$131K -928 -5.21% $141.28 16.9K Jun 8, 2022 Direct
transaction IBM Common Stock Options Exercise $0 +1.43K +8.46% $0.00 18.3K Jun 8, 2022 Direct
transaction IBM Common Stock Tax liability -$112K -791 -4.32% $141.28 17.5K Jun 8, 2022 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 Award $0 +1.2K $0.00 1.2K Jun 8, 2022 Common Stock 1.2K $0.00 Direct F1
transaction IBM Rst. Stock Unit Options Exercise $0 -971 -100% $0.00* 0 Jun 8, 2022 Common Stock 971 $0.00 Direct F2, F3, F4
transaction IBM Rst. Stock Unit Options Exercise $0 -1.68K -33.29% $0.00 3.36K Jun 8, 2022 Common Stock 1.68K $0.00 Direct F3, F4, F5
transaction IBM Rst. Stock Unit Options Exercise $0 -1.43K -24.97% $0.00 4.29K Jun 8, 2022 Common Stock 1.43K $0.00 Direct F3, F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This grant provides the remaining units that were approved by the Compensation Committee for Mr. Del Bene's 2022 Restricted Stock Unit award. These units were intended to be included with Mr. Del Bene's February 21, 2022 Restricted Stock Unit grant, but were not previously granted due to an administrative oversight. Upon lapse of the restrictions, these units are payable in cash or in the Company's common stock. The restrictions lapse for 300 of these units on 02/21/23, 300 of these units on 02/21/24, 300 of these units on 02/21/25 and 302 of these units on 02/21/26.
F2 On 06/08/18, the reporting person was granted 3,750 RSUs, 937 of which vested on 06/08/19, 937 of which vested on 06/08/20, 937 of which vested on 06/08/21, and 939 of which vested on 06/08/22. 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.
F3 These units were payable in cash or the company's common stock upon the lapse of the restrictions on the transaction date shown.
F4 Release of restricted stock units.
F5 On 06/08/20, the reporting person was granted 6,495 RSUs, 1,623 of which vested on 06/08/21, 1,623 of which vested on 06/08/22, 1,623 of which will vest on 06/08/23, and 1,626 of which will vest on 06/08/24. 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.
F6 On 06/08/21, the reporting person was granted 5,538 RSUs, 1,384 of which vested on 06/08/22, 1,384 of which will vest on 06/08/23, 1,384 of which will vest on 06/08/24, and 1,386 of which will vest on 06/08/25. 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.