SEC Form 4 · accession 0000014272-19-000072
BRISTOL MYERS SQUIBB CO · BMY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sandra Leung
Officer — EVP, General Counsel
Period of report
Mar 10, 2019
Accepted (ET)
Mar 13, 2019 · 7:35 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 | 4,495 | $0.00 | A | 529,119 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2019 | J | 896 | $0.00 | D | 528,223 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2019 | F | 1,746 | $51.39 | D | 526,477 | D | |
| Common Stock, $0.10 par valueF4 | Mar 10, 2019 | M | 4,434 | $0.00 | A | 530,911 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2019 | J | 936 | $0.00 | D | 529,975 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2019 | F | 1,697 | $51.39 | D | 528,278 | D | |
| Common Stock, $0.10 par valueF5 | Mar 10, 2019 | M | 5,165 | $0.00 | A | 533,443 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2019 | J | 557 | $0.00 | D | 532,886 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2019 | F | 2,235 | $51.39 | D | 530,651 | D | |
| Common Stock, $0.10 par valueF6 | Mar 10, 2019 | M | 4,735 | $0.00 | A | 535,386 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2019 | J | 1,120 | $0.00 | D | 534,266 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2019 | F | 1,753 | $51.39 | D | 532,513 | D | |
| Common Stock, $0.10 par valueF7 | Mar 10, 2019 | M | 26,341 | $0.00 | A | 558,854 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2019 | F | 12,774 | $51.39 | D | 546,080 | D | |
| Common Stock, $0.10 par valueF8 | holding | — | — | — | 6,202 | I | By BMY Savings and Investment Program |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Share UnitsF9,F1 | — | Mar 10, 2019 | M | 4,495 | D | — | Mar 10, 2019 | Common Stock, $0.10 par value | 4,495 | 0 | D |
| Market Share UnitsF9,F4 | — | Mar 10, 2019 | M | 4,434 | D | — | Mar 10, 2020 | Common Stock, $0.10 par value | 4,434 | 4,434 | D |
| Market Share UnitsF9,F5 | — | Mar 10, 2019 | M | 5,165 | D | — | Mar 10, 2021 | Common Stock, $0.10 par value | 5,165 | 10,333 | D |
| Market Share UnitsF9,F6 | — | Mar 10, 2019 | M | 4,735 | D | — | Mar 10, 2022 | Common Stock, $0.10 par value | 4,735 | 14,207 | D |
| Market Share UnitsF9,F10 | — | Mar 10, 2019 | A | 25,082 | A | — | Mar 10, 2023 | Common Stock, $0.10 par value | 25,082 | 25,082 | D |
| Performance SharesF7,F11 | — | Mar 10, 2019 | M | 26,341 | D | — | Mar 10, 2019 | Common Stock, $0.10 par value | 26,341 | 0 | D |
| Performance SharesF12 | — | Mar 10, 2019 | A | 37,623 | A | — | Mar 10, 2022 | Common Stock, $0.10 par value | 37,623 | 37,623 | D |
Explanation of responses
- F1Represents vesting of one-quarter of market share units granted on March 10, 2015.
- F10Twenty-five percent of these market share units will vest on each of the first, second, third, and fourth anniversaries of the grant date.
- F11Each performance share converts into one share of common stock upon distribution in the first quarter of 2019, subject to a Total Shareholder Return modifier.
- F12Each 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.
- F8Based on a plan statement as of the end of the most recent fiscal quarter
- F9Each 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%.