SEC Form 4 · accession 0000014272-18-000083
BRISTOL MYERS SQUIBB CO · BMY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Giovanni Caforio
Officer — Chairman and CEO · Director
Period of report
Mar 10, 2018
Accepted (ET)
Mar 13, 2018 · 4:56 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 | 5,702 | $0.00 | A | 181,330 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2018 | J | 1,295 | $0.00 | A | 182,625 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2018 | F | 3,441 | $67.92 | D | 179,184 | D | |
| Common Stock, $0.10 par valueF4 | Mar 10, 2018 | M | 7,051 | $0.00 | A | 186,235 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2018 | J | 411 | $0.00 | A | 186,646 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2018 | F | 3,669 | $67.92 | D | 182,977 | D | |
| Common Stock, $0.10 par valueF5 | Mar 10, 2018 | M | 18,183 | $0.00 | A | 201,160 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2018 | J | 775 | $0.00 | A | 201,935 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2018 | F | 9,322 | $67.92 | D | 192,613 | D | |
| Common Stock, $0.10 par valueF6 | Mar 10, 2018 | M | 21,442 | $0.00 | A | 214,055 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2018 | J | 3,842 | $0.00 | A | 217,897 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2018 | F | 12,432 | $67.92 | D | 205,465 | D | |
| Common Stock, $0.10 par valueF7 | Mar 10, 2018 | M | 77,951 | $0.00 | A | 283,416 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2018 | F | 38,328 | $67.92 | D | 245,088 | D | |
| Common Stock, $0.10 par valueF7 | Mar 10, 2018 | M | 88,882 | $0.00 | A | 333,970 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2018 | F | 43,703 | $67.92 | D | 290,267 | 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 | 5,702 | D | — | Mar 10, 2018 | Common Stock, $0.10 par value | 5,702 | 0 | D |
| Market Share UnitsF8,F4 | — | Mar 10, 2018 | M | 7,051 | D | — | Mar 10, 2019 | Common Stock, $0.10 par value | 7,051 | 7,052 | D |
| Market Share UnitsF8,F5 | — | Mar 10, 2018 | M | 18,183 | D | — | Mar 10, 2020 | Common Stock, $0.10 par value | 18,183 | 36,367 | D |
| Market Share UnitsF8,F6 | — | Mar 10, 2018 | M | 21,442 | D | — | Mar 10, 2021 | Common Stock, $0.10 par value | 21,442 | 64,327 | D |
| Market Share UnitsF8,F9 | — | Mar 10, 2018 | A | 74,895 | A | — | Mar 10, 2022 | Common Stock, $0.10 par value | 74,895 | 74,895 | D |
| Performance SharesF7,F10 | — | Mar 10, 2018 | M | 77,951 | D | — | Mar 10, 2018 | Common Stock, $0.10 par value | 77,951 | 0 | D |
| Performance SharesF7,F10 | — | Mar 10, 2018 | M | 88,882 | D | — | Mar 10, 2018 | Common Stock, $0.10 par value | 88,882 | 0 | D |
| Performance SharesF11 | — | Mar 10, 2018 | A | 112,343 | A | — | Mar 10, 2021 | Common Stock, $0.10 par value | 112,343 | 112,343 | 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.
Remarks
EXHIBIT LIST: EX-24 Exhibit 24 - Giovanni Caforio Power of Attorney