SEC Form 4 · accession 0000014272-19-000079
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, 2019
Accepted (ET)
Mar 13, 2019 · 7:40 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 | 7,052 | $0.00 | A | 296,728 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2019 | J | 1,405 | $0.00 | D | 295,323 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2019 | F | 3,006 | $51.39 | D | 292,317 | D | |
| Common Stock, $0.10 par valueF4 | Mar 10, 2019 | M | 18,183 | $0.00 | A | 310,500 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2019 | J | 3,840 | $0.00 | D | 306,660 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2019 | F | 7,633 | $51.39 | D | 299,027 | D | |
| Common Stock, $0.10 par valueF5 | Mar 10, 2019 | M | 21,442 | $0.00 | A | 320,469 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2019 | J | 2,311 | $0.00 | D | 318,158 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2019 | F | 10,181 | $51.39 | D | 307,977 | D | |
| Common Stock, $0.10 par valueF6 | Mar 10, 2019 | M | 18,723 | $0.00 | A | 326,700 | D | |
| Common Stock, $0.10 par valueF2 | Mar 10, 2019 | J | 4,428 | $0.00 | D | 322,272 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2019 | F | 7,608 | $51.39 | D | 314,664 | D | |
| Common Stock, $0.10 par valueF7 | Mar 10, 2019 | M | 108,019 | $0.00 | A | 422,683 | D | |
| Common Stock, $0.10 par valueF3 | Mar 10, 2019 | F | 57,484 | $51.39 | D | 365,199 | 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 | 7,052 | D | — | Mar 10, 2019 | Common Stock, $0.10 par value | 7,052 | 0 | D |
| Market Share UnitsF8,F4 | — | Mar 10, 2019 | M | 18,183 | D | — | Mar 10, 2020 | Common Stock, $0.10 par value | 18,183 | 18,184 | D |
| Market Share UnitsF8,F5 | — | Mar 10, 2019 | M | 21,442 | D | — | Mar 10, 2021 | Common Stock, $0.10 par value | 21,442 | 42,885 | D |
| Market Share UnitsF8,F6 | — | Mar 10, 2019 | M | 18,723 | D | — | Mar 10, 2022 | Common Stock, $0.10 par value | 18,723 | 56,172 | D |
| Market Share UnitsF8,F9 | — | Mar 10, 2019 | A | 99,172 | A | — | Mar 10, 2023 | Common Stock, $0.10 par value | 99,172 | 99,172 | D |
| Performance SharesF7,F10 | — | Mar 10, 2019 | M | 108,019 | D | — | Mar 10, 2019 | Common Stock, $0.10 par value | 108,019 | 0 | D |
| Performance SharesF11 | — | Mar 10, 2019 | A | 148,758 | A | — | Mar 10, 2022 | Common Stock, $0.10 par value | 148,758 | 148,758 | 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.