SEC Form 4 · accession 0000014272-19-000071
BRISTOL MYERS SQUIBB CO · BMY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ann Powell Judge
Officer — SVP, Global Human Resources
Period of report
Mar 10, 2019
Accepted (ET)
Mar 13, 2019 · 7:34 am 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, 2019 | M | 2,318 | $0.00 | A | 65,067 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2019 | J | 462 | $0.00 | D | 64,605 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2019 | F | 1,020 | $51.39 | D | 63,585 | D | |
| Common Stock, $0.10 par valueF4 | Mar 10, 2019 | M | 2,492 | $0.00 | A | 66,077 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2019 | J | 526 | $0.00 | D | 65,551 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2019 | F | 1,081 | $51.39 | D | 64,470 | D | |
| Common Stock, $0.10 par valueF5 | Mar 10, 2019 | M | 3,169 | $0.00 | A | 67,639 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2019 | J | 342 | $0.00 | D | 67,297 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2019 | F | 1,554 | $51.39 | D | 65,743 | D | |
| Common Stock, $0.10 par valueF6 | Mar 10, 2019 | M | 2,793 | $0.00 | A | 68,536 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2019 | J | 661 | $0.00 | D | 67,875 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2019 | F | 1,172 | $51.39 | D | 66,703 | D | |
| Common Stock, $0.10 par valueF7 | Mar 10, 2019 | M | 14,805 | $0.00 | A | 81,508 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2019 | F | 8,136 | $51.39 | D | 73,372 | 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, 2019 | M | 2,318 | D | — | Mar 10, 2019 | Common Stock, $0.10 par value | 2,318 | 0 | D |
| Market Share UnitsF8,F4 | — | Mar 10, 2019 | M | 2,492 | D | — | Mar 10, 2020 | Common Stock, $0.10 par value | 2,492 | 2,492 | D |
| Market Share UnitsF8,F5 | — | Mar 10, 2019 | M | 3,169 | D | — | Mar 10, 2021 | Common Stock, $0.10 par value | 3,169 | 6,339 | D |
| Market Share UnitsF8,F6 | — | Mar 10, 2019 | M | 2,793 | D | — | Mar 10, 2022 | Common Stock, $0.10 par value | 2,793 | 8,381 | D |
| Market Share UnitsF8,F9 | — | Mar 10, 2019 | A | 14,796 | A | — | Mar 10, 2023 | Common Stock, $0.10 par value | 14,796 | 14,796 | D |
| Performance SharesF7,F10 | — | Mar 10, 2019 | M | 14,805 | D | — | Mar 10, 2019 | Common Stock, $0.10 par value | 14,805 | 0 | D |
| Performance SharesF11 | — | Mar 10, 2019 | A | 22,194 | A | — | Mar 10, 2022 | Common Stock, $0.10 par value | 22,194 | 22,194 | D |
Explanation of responses
- F1Represents vesting of one-quarter of market share units granted on March 10, 2015.
- F10Each performance share converts into one share of common stock upon distribution in the first quarter of 2019, subject to a Total Shareholder Return modifier.
- F11Each performance share converts into one share of common stock upon distribution in the first quarter of 2022
- F2Represents a downward adjustment to the number of 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, 2016.
- F5Represents vesting of one-quarter of market share units granted on March 10, 2017.
- F6Represents vesting of one-quarter of market share units granted on March 10, 2018.
- F7Amount represents distribution of performance shares earned under the 2016-2018 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 these market share units will vest on each of the first, second, third, and fourth anniversaries of the grant date.