SEC Form 4 · accession 0000014272-16-000364
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
Mar 10, 2016
Accepted (ET)
Mar 14, 2016 · 9:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000014272
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.10 par valueF1 | Mar 10, 2016 | M | 4,878 | $0.00 | A | 84,335 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2016 | J | 3,358 | $0.00 | A | 87,693 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2016 | F | 4,264 | $64.94 | D | 83,429 | D | |
| Common Stock, $0.10 par valueF4 | Mar 10, 2016 | M | 5,702 | $0.00 | A | 89,131 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2016 | J | 807 | $0.00 | A | 89,938 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2016 | F | 3,370 | $64.94 | D | 86,568 | D | |
| Common Stock, $0.10 par valueF5 | Mar 10, 2016 | M | 7,051 | $0.00 | A | 93,619 | D | |
| Common Stock, $0.10 par valueF6 | Mar 10, 2016 | J | 110 | $0.00 | D | 93,509 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2016 | F | 3,594 | $64.94 | D | 89,915 | D | |
| Common Stock, $0.10 par valueF7 | Mar 10, 2016 | M | 42,992 | $0.00 | A | 132,906 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2016 | F | 22,258 | $64.94 | D | 110,648 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Share UnitsF8,F1 | — | Mar 10, 2016 | M | 4,878 | D | — | Mar 10, 2017 | Common Stock, $0.10 par value | 4,878 | 4,879 | D |
| Market Share UnitsF8,F4 | — | Mar 10, 2016 | M | 5,702 | D | — | Mar 10, 2018 | Common Stock, $0.10 par value | 5,702 | 11,404 | D |
| Market Share UnitsF8,F5 | — | Mar 10, 2016 | M | 7,051 | D | — | Mar 10, 2019 | Common Stock, $0.10 par value | 7,051 | 21,154 | D |
| Market Share UnitsF8,F9 | — | Mar 10, 2016 | A | 72,733 | A | — | Mar 10, 2020 | Common Stock, $0.10 par value | 72,733 | 72,733 | D |
| Performance SharesF10 | — | Mar 10, 2016 | A | 109,099 | A | — | Mar 10, 2019 | Common Stock, $0.10 par value | 109,099 | 109,099 | D |
| Performance SharesF12,F11 | — | Mar 15, 2016 | A | 16,343 | A | — | Mar 10, 2016 | Common Stock, $0.10 par value | 16,343 | 42,006 | D |
| Performance SharesF14,F13 | — | Mar 10, 2016 | J | 986 | A | — | Mar 10, 2016 | Common Stock, $0.10 par value | 986 | 42,992 | D |
| Performance SharesF7,F11 | — | Mar 10, 2016 | M | 42,992 | D | — | Mar 10, 2016 | Common Stock, $0.10 par value | 42,992 | 0 | D |
Explanation of responses
- F1Represents vesting of one-quarter of market share units granted on March 10, 2013.
- F10Each performance share converts into one share of common stock upon distribution in the first quarter of 2019.
- F11Each performance share converts into one share of common stock upon distribution in the first quarter of 2016.
- F12Represents performance shares earned under the 2013-2015 Long-Term Performance Award.
- F13Each dividend equivalent converts into one share of common stock upon distribution in the first quarter of 2016.
- F14Represents dividend equivalents earned under the 2013-2015 Long-Term Performance Award.
- F2Adjustment reflects additional shares acquired upon the vesting of market share units due to the performance factor.
- F3Shares withheld for payment of taxes upon vesting of awards.
- F4Represents vesting of one-quarter of market share units granted on March 10, 2014.
- F5Represents vesting of one-quarter of market share units granted on March 10, 2015.
- F6Represents a downward adjustment to the number of shares acquired upon the vesting of market share units due to the performance factor.
- F7Represents distribution of performance shares earned under the 2013-2015 Long-Term Performance Award.
- F8Each 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%.
- F9Twenty-five percent of the market share unit award will vest on each of the first, second, third and fourth anniversaries of the grant date.