SEC Form 4 · accession 0000014272-18-000109
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, 2018
Accepted (ET)
Apr 5, 2018 · 4:37 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 value | Apr 3, 2018 | M | 6,296 | $0.00 | A | 15,547 | D | |
| Common Stock, $0.10 par valueF1 | Apr 3, 2018 | F | 3,351 | $62.77 | D | 12,196 | D | |
| Common Stock, $0.10 par valueF2 | Apr 3, 2018 | M | 6,071 | $0.00 | A | 18,267 | D | |
| Common Stock, $0.10 par valueF3 | Apr 3, 2018 | J | 949 | $0.00 | A | 19,216 | D | |
| Common Stock, $0.10 par valueF1 | Apr 3, 2018 | F | 3,737 | $62.77 | D | 15,479 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F5 | — | Apr 3, 2018 | M | 6,296 | D | — | Apr 3, 2021 | Common Stock, $0.10 par value | 6,296 | 18,888 | D |
| Market Share UnitsF6,F2 | — | Apr 3, 2018 | M | 6,071 | D | — | Apr 3, 2021 | Common Stock, $0.10 par value | 6,071 | 18,214 | D |
Explanation of responses
- F1Shares withheld for payment of taxes upon vesting of awards.
- F2Represents vesting of one-quarter of market share units granted on April 3, 2017.
- F3Adjustment reflects additional shares acquired upon the vesting of market share units due to the performance factor.
- F4Each restricted stock unit converts into one share of common stock upon vesting.
- F5Represents vesting of one-quarter of restricted stock units granted on April 3, 2017.
- F6Each 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%.