SEC Form 4 · accession 0000014272-17-000088
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, 2017
Accepted (ET)
Mar 14, 2017 · 8:32 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 | 4,879 | $0.00 | A | 135,580 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2017 | J | 2,392 | $0.00 | A | 137,972 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2017 | F | 3,765 | $58.32 | D | 134,207 | D | |
| Common Stock, $0.10 par valueF4 | Mar 10, 2017 | M | 5,702 | $0.00 | A | 139,909 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2017 | J | 44 | $0.00 | A | 139,953 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2017 | F | 2,975 | $58.32 | D | 136,978 | D | |
| Common Stock, $0.10 par valueF5 | Mar 10, 2017 | M | 7,051 | $0.00 | A | 144,029 | D | |
| Common Stock, $0.10 par valueF6 | Mar 10, 2017 | J | 924 | $0.00 | D | 143,105 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2017 | F | 3,172 | $58.32 | D | 139,933 | D | |
| Common Stock, $0.10 par valueF7 | Mar 10, 2017 | M | 18,183 | $0.00 | A | 158,116 | D | |
| Common Stock, $0.10 par valueF6 | Mar 10, 2017 | J | 2,617 | $0.00 | D | 155,499 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2017 | F | 8,059 | $58.32 | D | 147,440 | D | |
| Common Stock, $0.10 par valueF8 | Mar 10, 2017 | M | 51,789 | $0.00 | A | 199,229 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2017 | F | 26,811 | $58.32 | D | 172,418 | 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 | 4,879 | D | — | Mar 10, 2017 | Common Stock, $0.10 par value | 4,879 | 0 | D |
| Market Share UnitsF9,F4 | — | Mar 10, 2017 | M | 5,702 | D | — | Mar 10, 2018 | Common Stock, $0.10 par value | 5,702 | 5,702 | D |
| Market Share UnitsF9,F5 | — | Mar 10, 2017 | M | 7,051 | D | — | Mar 10, 2019 | Common Stock, $0.10 par value | 7,051 | 14,103 | D |
| Market Share UnitsF9,F7 | — | Mar 10, 2017 | M | 18,183 | D | — | Mar 10, 2020 | Common Stock, $0.10 par value | 18,183 | 54,550 | D |
| Market Share UnitsF9,F10 | — | Mar 10, 2017 | A | 85,769 | A | — | Mar 10, 2021 | Common Stock, $0.10 par value | 85,769 | 85,769 | D |
| Performance SharesF8,F11 | — | Mar 10, 2017 | M | 51,789 | D | — | Mar 10, 2017 | Common Stock, $0.10 par value | 51,789 | 0 | D |
| Performance SharesF12 | — | Mar 10, 2017 | A | 128,654 | A | — | Mar 10, 2020 | Common Stock, $0.10 par value | 128,654 | 128,654 | 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%.