SEC Form 4 · accession 0001127602-16-039584
3M CO · MMM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Khandpur K Ashish
Officer — Sr. VP, Chief Tech. Officer
Period of report
Feb 2, 2016
Accepted (ET)
Feb 4, 2016 · 5:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000066740
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 2, 2016 | A | 4,155 | $0.00 | A | 5,106 | D | |
| Common StockF1,F2 | Feb 2, 2016 | F | 1,420 | $0.00 | D | 3,686 | D | |
| Common StockF3 | holding | — | — | — | 732 | I | Spouse 401k/paesop |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified Stock Option (Right to Buy)F4 | $147.87 | Feb 2, 2016 | A | 29,392 | A | Feb 2, 2017 | Feb 2, 2026 | Common Stock | 29,392 | 29,392 | D |
Explanation of responses
- F1Represents shares of 3M common stock that will be delivered imminently pursuant to the terms of a performance share award made to the reporting person on 3/1/2013 and 7/1/2104. The performance-based vesting requirements applicable to such award were satisfied on the date reported in Column 2 above, which represents the date on which the level of performance attained was certified. The number of shares withheld for taxes are estimated and will be revised by amendment, if necessary.
- F2Includes shares acquired under 3M's General Employee Stock Purchase Plan.
- F3Includes shares acquired pursuant to the 3M Voluntary Investment Plan.
- F4This option becomes exercisable in equal installments on each of the first three anniversaries of the grant date (2/2/2016).