SEC Form 4 · accession 0000014272-18-000077
BRISTOL MYERS SQUIBB CO · BMY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles A Bancroft
Officer — EVP & Chief Financial Officer
Period of report
Mar 10, 2018
Accepted (ET)
Mar 13, 2018 · 4:53 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, 2018 | M | 6,829 | $0.00 | A | 288,374 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2018 | J | 1,551 | $0.00 | A | 289,925 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2018 | F | 3,555 | $67.92 | D | 286,370 | D | |
| Common Stock, $0.10 par valueF4 | Mar 10, 2018 | M | 5,889 | $0.00 | A | 292,259 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2018 | J | 343 | $0.00 | A | 292,602 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2018 | F | 2,644 | $67.92 | D | 289,958 | D | |
| Common Stock, $0.10 par valueF5 | Mar 10, 2018 | M | 6,171 | $0.00 | A | 296,129 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2018 | J | 263 | $0.00 | A | 296,392 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2018 | F | 2,730 | $67.92 | D | 293,662 | D | |
| Common Stock, $0.10 par valueF6 | Mar 10, 2018 | M | 7,324 | $0.00 | A | 300,986 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2018 | J | 1,312 | $0.00 | A | 302,298 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2018 | F | 3,664 | $67.92 | D | 298,634 | D | |
| Common Stock, $0.10 par valueF7 | Mar 10, 2018 | M | 65,105 | $0.00 | A | 363,739 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2018 | F | 27,618 | $67.92 | D | 336,121 | 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, 2018 | M | 6,829 | D | — | Mar 10, 2018 | Common Stock, $0.10 par value | 6,829 | 0 | D |
| Market Share UnitsF8,F4 | — | Mar 10, 2018 | M | 5,889 | D | — | Mar 10, 2019 | Common Stock, $0.10 par value | 5,889 | 5,890 | D |
| Market Share UnitsF8,F5 | — | Mar 10, 2018 | M | 6,171 | D | — | Mar 10, 2020 | Common Stock, $0.10 par value | 6,171 | 12,345 | D |
| Market Share UnitsF8,F6 | — | Mar 10, 2018 | M | 7,324 | D | — | Mar 10, 2021 | Common Stock, $0.10 par value | 7,324 | 21,972 | D |
| Market Share UnitsF8,F9 | — | Mar 10, 2018 | A | 24,829 | A | — | Mar 10, 2022 | Common Stock, $0.10 par value | 24,829 | 24,829 | D |
| Performance SharesF7,F10 | — | Mar 10, 2018 | M | 65,105 | D | — | Mar 10, 2018 | Common Stock, $0.10 par value | 65,105 | 0 | D |
| Performance SharesF11 | — | Mar 10, 2018 | A | 37,244 | A | — | Mar 10, 2021 | Common Stock, $0.10 par value | 37,244 | 37,244 | D |
Explanation of responses
- F1Represents vesting of one-quarter of market share units granted on March 10, 2014.
- F10Each performance share converts into one share of common stock upon distribution in the first quarter of 2018, subject to a Total Shareholder Return modifier.
- F11Each performance share converts into one share of common stock upon distribution in the first quarter of 2021.
- 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, 2015.
- F5Represents vesting of one-quarter of market share units granted on March 10, 2016.
- F6Represents vesting of one-quarter of market share units granted on March 10, 2017.
- F7Amount represents distribution of performance shares earned under the 2015-2017 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.
- 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.