SEC Form 4 · accession 0001562180-17-003901
INTERNATIONAL BUSINESS MACHINES CORP · IBM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James J Kavanaugh
Officer — Senior Vice President
Period of report
Dec 15, 2017
Accepted (ET)
Dec 18, 2017 · 1:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000051143
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 17, 2017 | M | 7,937 | $0.00 | A | 38,288 | D | |
| Common Stock | Dec 17, 2017 | F | 4,052 | $152.915 | D | 34,236 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rst. Stock UnitF1 | $0.00 | Dec 17, 2017 | M | 7,937 | D | — | — | Common Stock | 7,937 | 0 | D |
| Phantom Stock UnitF3,F5 | $0.00 | Dec 15, 2017 | A | 6 | A | — | — | Common Stock | 6 | 5,254 | D |
Explanation of responses
- F1These units were payable in cash or the company's common stock upon the lapse of the restrictions on the transaction date shown.
- F2Release of restricted stock units.
- F3Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.
- F4Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.
- F5Distribution of phantom stock units under the IBM Excess 401(k) Plus Plan is deferred until separation from the company. The reporting person may transfer these phantom stock units into an alternative account under such plan.