SEC Form 4 · accession 0000014272-15-000180
BRISTOL MYERS SQUIBB CO · BMY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Giovanni Caforio
Officer — Chief Executive Officer · Director
Period of report
May 5, 2015
Accepted (ET)
May 7, 2015 · 6:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000014272
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Share UnitsF1,F2 | — | May 5, 2015 | A | 32,160 | A | — | May 5, 2019 | Common Stock, $0.10 par value | 32,160 | 32,160 | D |
Explanation of responses
- F1Each market share unit converts into the number of shares of common stock determined by applying a payout factor to the target number of shares vesting on a given date. The payout factor is a ratio of the average of the closing price on the measurement date plus the nine prior trading days divided by the average stock price on the grant date (also a 10-day average). The minimum payout factor that must be achieved to earn a payout is 60% and the maximum payout factor is 200%.
- F2Twenty-five percent of the market share unit award will vest on each of the first, second, third and fourth anniversaries of the grant date.