Michelle H. Browdy - 07 Jun 2023 Form 4 Insider Report for INTERNATIONAL BUSINESS MACHINES CORP (IBM)

Role: Senior Vice President
Signature: J. Pomazal on behalf of M. H. Browdy
Issuer symbol: IBM
Transactions as of: 07 Jun 2023
Net transactions value: -$624,148
Form type: 4
Filing time: 09 Jun 2023, 17:09:29 UTC
Previous filing: 11 May 2023
Next filing: 10 Aug 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	+2,884	+2.5%	$0.000000	117,875	07 Jun 2023	Direct
transaction	IBM	Common Stock	Tax liability	$196,380	-1,473	-1.2%	$133.32	116,402	07 Jun 2023	Direct
transaction	IBM	Common Stock	Options Exercise	$0	+3,229	+2.8%	$0.000000	119,631	08 Jun 2023	Direct
transaction	IBM	Common Stock	Tax liability	$222,725	-1,650	-1.4%	$134.98	117,981	08 Jun 2023	Direct
transaction	IBM	Common Stock	Options Exercise	$0	+2,973	+2.5%	$0.000000	120,954	08 Jun 2023	Direct
transaction	IBM	Common Stock	Tax liability	$205,042	-1,519	-1.3%	$134.98	119,435	08 Jun 2023	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	-2,884	-100%	$0.000000^*	0	07 Jun 2023	Common Stock	2,884	$0.000000	Direct	F1, F2, F3
transaction	IBM	Rst. Stock Unit	Options Exercise	$0	-3,229	-50%	$0.000000	3,231	08 Jun 2023	Common Stock	3,229	$0.000000	Direct	F2, F3, F4
transaction	IBM	Rst. Stock Unit	Options Exercise	$0	-2,973	-33%	$0.000000	5,945	08 Jun 2023	Common Stock	2,973	$0.000000	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 06/07/19, the reporting person was granted 11,155 RSUs, 2,788 of which vested on 06/07/20, 2,788 of which vested on 06/07/21, 2,788 of which vested on 06/07/22, and 2,791 of which vested on 06/07/23. 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.
F4	On 06/08/20, the reporting person was granted 12,502 RSUs, 3,125 of which vested on 06/08/21, 3,125 of which vested on 06/08/22, 3,125 of which vested on 06/08/23, and 3,127 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 11,508 RSUs, 2,877 of which vested on 06/08/22, 2,877 of which vested on 06/08/23, 2,877 of which will vest on 06/08/24, and 2,877 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.