SEC Form 4 · accession 0000014272-17-000086
BRISTOL MYERS SQUIBB CO · BMY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Murdo Gordon
Officer — EVP, Chief Commercial Officer
Period of report
Mar 10, 2017
Accepted (ET)
Mar 14, 2017 · 8:31 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, 2017 | M | 1,530 | $0.00 | A | 15,996 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2017 | J | 750 | $0.00 | A | 16,746 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2017 | F | 850 | $58.32 | D | 15,896 | D | |
| Common Stock, $0.10 par valueF4 | Mar 10, 2017 | M | 1,838 | $0.00 | A | 17,734 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2017 | J | 14 | $0.00 | A | 17,748 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2017 | F | 839 | $58.32 | D | 16,909 | D | |
| Common Stock, $0.10 par valueF5 | Mar 10, 2017 | M | 2,455 | $0.00 | A | 19,364 | D | |
| Common Stock, $0.10 par valueF6 | Mar 10, 2017 | J | 322 | $0.00 | D | 19,042 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2017 | F | 1,106 | $58.32 | D | 17,936 | D | |
| Common Stock, $0.10 par valueF7 | Mar 10, 2017 | M | 3,073 | $0.00 | A | 21,009 | D | |
| Common Stock, $0.10 par valueF6 | Mar 10, 2017 | J | 442 | $0.00 | D | 20,567 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2017 | F | 1,365 | $58.32 | D | 19,202 | D | |
| Common Stock, $0.10 par valueF8 | Mar 10, 2017 | M | 16,696 | $0.00 | A | 35,898 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2017 | F | 8,657 | $58.32 | D | 27,241 | 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 UnitsF9,F1 | — | Mar 10, 2017 | M | 1,530 | D | — | Mar 10, 2017 | Common Stock, $0.10 par value | 1,530 | 0 | D |
| Market Share UnitsF9,F4 | — | Mar 10, 2017 | M | 1,838 | D | — | Mar 10, 2018 | Common Stock, $0.10 par value | 1,838 | 1,838 | D |
| Market Share UnitsF9,F5 | — | Mar 10, 2017 | M | 2,455 | D | — | Mar 10, 2019 | Common Stock, $0.10 par value | 2,455 | 4,912 | D |
| Market Share UnitsF9,F7 | — | Mar 10, 2017 | M | 3,073 | D | — | Mar 10, 2020 | Common Stock, $0.10 par value | 3,073 | 9,219 | D |
| Market Share UnitsF9,F10 | — | Mar 10, 2017 | A | 18,888 | A | — | Mar 10, 2021 | Common Stock, $0.10 par value | 18,888 | 18,888 | D |
| Performance SharesF8,F11 | — | Mar 10, 2017 | M | 16,696 | D | — | Mar 10, 2017 | Common Stock, $0.10 par value | 16,696 | 0 | D |
| Performance SharesF12 | — | Mar 10, 2017 | A | 28,332 | A | — | Mar 10, 2020 | Common Stock, $0.10 par value | 28,332 | 28,332 | D |
Explanation of responses
- F1Represents vesting of one-quarter of market share units granted on March 10, 2013.
- F10Twenty-five percent of the market share unit award will vest on each of the first, second, third and fourth anniversaries of the grant date.
- F11Each performance share converts into one share of common stock upon distribution in the first quarter of 2017, subject to a Total Shareholder Return modifier.
- F12Each performance share converts into one share of common stock upon distribution in the first quarter of 2020.
- 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 vesting of one-quarter of market share units granted on March 10, 2016.
- F8Amount represents distribution of performance shares earned under the 2014-2016 Long-Term Performance Award based on the performance factor applied in accordance with the terms of the Award and certification of performance results by the Board.
- F9Each 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%.