Sec Form 4 Filing - SAUER BRAD T @ 3M CO - 2012-05-04

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
SAUER BRAD T
2. Issuer Name and Ticker or Trading Symbol
3M CO [ MMM]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EXEC VP HEALTH CARE
(Last) (First) (Middle)
3M CENTER
3. Date of Earliest Transaction (MM/DD/YY)
05/04/2012
(Street)
ST. PAUL, MN55144-1000
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 05/04/2012 M 17,026 ( 1 ) A $ 84.4 33,232 D
Common Stock 05/04/2012 F 16,206 ( 1 ) D $ 88.67 17,026 D
Common Stock 05/04/2012 F 350 ( 1 ) D $ 88.67 16,676 D
Common Stock 05/04/2012 M 14,215 A $ 76 30,891 D
Common Stock 05/04/2012 S 100 D $ 88.5915 30,791 D
Common Stock 05/04/2012 S 3,700 D $ 88.595 27,091 D
Common Stock 05/04/2012 S 2,700 D $ 88.6 24,391 D
Common Stock 05/04/2012 S 2,000 D $ 88.605 22,391 D
Common Stock 05/04/2012 S 1,300 D $ 88.61 21,091 D
Common Stock 05/04/2012 S 1,178 D $ 88.63 19,913 D
Common Stock 05/04/2012 S 100 D $ 88.6315 19,813 D
Common Stock 05/04/2012 S 2,400 D $ 88.635 17,413 D
Common Stock 05/04/2012 S 637 D $ 88.64 16,776 D
Common Stock 05/04/2012 S 100 D $ 88.645 16,676 D
Common Stock 05/07/2012 S 1,118 D $ 88.0519 15,558 D
Common Stock 05/07/2012 S 800 D $ 88.0615 14,758 D
Common Stock 05/07/2012 S 300 D $ 88.0616 14,458 D
Common Stock 05/07/2012 S 100 D $ 88.0617 14,358 D
Common Stock 05/07/2012 S 800 D $ 88.065 13,558 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-qualified Stock Option (Right to Buy) $ 84.4 05/04/2012 M 17,026 ( 1 ) 05/12/2005 05/09/2014 Common Stock 17,026 $ 0 974 D
Non-qualified Stock Option (Right to Buy) $ 76 05/04/2012 M 14,215 04/27/2010 05/13/2013 Common Stock 14,215 $ 0 0 D
Non-qualified Stock Option (Right to Buy) $ 88.67 05/04/2012 A 16,556 11/04/2012 05/09/2014 Common Stock 16,556 $ 88.67 16,556 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SAUER BRAD T
3M CENTER
ST. PAUL, MN55144-1000
EXEC VP HEALTH CARE
Signatures
George Ann Biros, attorney-in-fact for Brad T. Sauer 05/08/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This Form is being filed to report the exercise of a 3M stock option for a total of 17,026 shares by means of a stock swap. A stock swap is a method of exercising a stock option in which the option holder attests to the ownership of enough shares of stock already owned by the option holder to cover the exercise price of the option being exercised. As a result of this stock swap, the reporting person acquired ownership of an additional 470 shares of 3M common stock. As a result of this transaction, 350 shares were sold to pay withholding taxes to the respective government agencies.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.