J. Kavanaugh - Jun 8, 2022 Form 4 Insider Report for INTERNATIONAL BUSINESS MACHINES CORP (IBM)

Role
Sr. VP and CFO
Signature
D. Glowienka on behalf of J. J. Kavanaugh
Stock symbol
IBM
Transactions as of
Jun 8, 2022
Transactions value $
-$978,505
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 +2.97K +2.8% $0.00 109K Jun 8, 2022 Direct
transaction IBM Common Stock Tax liability -$210K -1.49K -1.37% $141.28 108K Jun 8, 2022 Direct
transaction IBM Common Stock Options Exercise $0 +5.69K +5.29% $0.00 113K Jun 8, 2022 Direct
transaction IBM Common Stock Tax liability -$403K -2.85K -2.52% $141.28 110K Jun 8, 2022 Direct
transaction IBM Common Stock Options Exercise $0 +5.16K +4.68% $0.00 116K Jun 8, 2022 Direct
transaction IBM Common Stock Tax liability -$365K -2.59K -2.24% $141.28 113K 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 Options Exercise $0 -2.97K -100% $0.00* 0 Jun 8, 2022 Common Stock 2.97K $0.00 Direct F1, F2, F3
transaction IBM Rst. Stock Unit Options Exercise $0 -5.69K -33.33% $0.00 11.4K Jun 8, 2022 Common Stock 5.69K $0.00 Direct F2, F3, F4
transaction IBM Rst. Stock Unit Options Exercise $0 -5.16K -25% $0.00 15.5K Jun 8, 2022 Common Stock 5.16K $0.00 Direct F2, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On 06/08/18, the reporting person was granted 11,485 RSUs, 2,871 of which vested on 06/08/19, 2,871 of which vested on 06/08/20, 2,871 of which vested on 06/08/21, and 2,872 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.
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.
F4 On 06/08/20, the reporting person was granted 22,020 RSUs, 5,505 of which vested on 06/08/21, 5,505 of which vested on 06/08/22, 5,505 of which will vest on 06/08/23, and 5,505 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.
F5 On 06/08/21, the reporting person was granted 19,988 RSUs, 4,997 of which vested on 06/08/22, 4,997 of which will vest on 06/08/23, 4,997 of which will vest on 06/08/24, and 4,997 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.