ARVIND KRISHNA - 11 Dec 2022 Form 4 Insider Report for INTERNATIONAL BUSINESS MACHINES CORP (IBM)

Role
Chairman and CEO, Director
Signature
D. Glowienka on behalf of A. Krishna
Issuer symbol
IBM
Transactions as of
11 Dec 2022
Net transactions value
-$2,435,930
Form type
4
Filing time
13 Dec 2022, 16:14:58 UTC
Previous filing
18 Nov 2022
Next filing
03 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IBM Common Stock Options Exercise $0 +33,328 +18% $0.000000 222,075 11 Dec 2022 Direct
transaction IBM Common Stock Tax liability $2,435,930 -16,498 -7.4% $147.65 205,577 11 Dec 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 -33,328 -50% $0.000000 33,328 11 Dec 2022 Common Stock 33,328 $0.000000 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 vested 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 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.