SEC Form 4 · accession 0000014272-17-000123
BRISTOL MYERS SQUIBB CO · BMY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J. Lynch Jr.
Officer — EVP & Chief Scientific Officer
Period of report
Apr 3, 2017
Accepted (ET)
Apr 5, 2017 · 5:04 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Apr 3, 2017 | A | 25,184 | A | — | Apr 3, 2021 | Common Stock, $0.10 par value | 25,184 | 25,184 | D |
| Market Share UnitsF3,F4 | — | Apr 3, 2017 | A | 24,285 | A | — | Apr 3, 2021 | Common Stock, $0.10 par value | 24,285 | 24,285 | D |
| Performance SharesF5 | — | Apr 3, 2017 | A | 36,427 | A | — | Mar 10, 2020 | Common Stock, $0.10 par value | 36,427 | 36,427 | D |
Explanation of responses
- F1Each restricted stock unit converts into one share of common stock upon vesting.
- F2The restricted stock units vest in four equal annual installments beginning on April 3, 2018.
- F3Each 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%.
- F4Twenty-five percent of the market share unit award will vest on each of the first, second, third and fourth anniversaries of the grant date.
- F5Each performance share converts into one share of common stock upon distribution in the first quarter of 2020.