Sec Form 4 Filing - Del Bene Robert F @ INTERNATIONAL BUSINESS MACHINES CORP - 2022-06-08

Insider filing report for Changes in Beneficial Ownership
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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
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1. Name and Address of Reporting Person
Del Bene Robert F
2. Issuer Name and Ticker or Trading Symbol
INTERNATIONAL BUSINESS MACHINES CORP [ IBM]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
VP, Controller
(Last) (First) (Middle)
IBM CORPORATION, ONE NEW ORCHARD ROAD
3. Date of Earliest Transaction (MM/DD/YY)
06/08/2022
(Street)
ARMONK, NY10504
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 06/08/2022 M 971 A $ 0 16,673.319 D
Common Stock 06/08/2022 F 538 D $ 141.28 16,135.319 D
Common Stock 06/08/2022 M 1,676 A $ 0 17,811.319 D
Common Stock 06/08/2022 F 928 D $ 141.28 16,883.319 D
Common Stock 06/08/2022 M 1,429 A $ 0 18,312.319 D
Common Stock 06/08/2022 F 791 D $ 141.28 17,521.319 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
Rst. Stock Unit $ 0( 1 ) 06/08/2022 A( 1 ) 1,202 ( 1 ) ( 1 ) Common Stock 1,202 $ 0 1,202 D
Rst. Stock Unit( 2 ) $ 0( 3 ) 06/08/2022 M( 4 ) 971 ( 3 ) ( 3 ) Common Stock 971 $ 0 0( 2 ) D
Rst. Stock Unit( 5 ) $ 0( 3 ) 06/08/2022 M( 4 ) 1,676 ( 3 ) ( 3 ) Common Stock 1,676 $ 0 3,358( 5 ) D
Rst. Stock Unit( 6 ) $ 0( 3 ) 06/08/2022 M( 4 ) 1,429 ( 3 ) ( 3 ) Common Stock 1,429 $ 0 4,293( 6 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Del Bene Robert F
IBM CORPORATION
ONE NEW ORCHARD ROAD
ARMONK, NY10504
VP, Controller
Signatures
D. Glowienka on behalf of R. F. Del Bene 06/10/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This grant provides the remaining units that were approved by the Compensation Committee for Mr. Del Bene's 2022 Restricted Stock Unit award. These units were intended to be included with Mr. Del Bene's February 21, 2022 Restricted Stock Unit grant, but were not previously granted due to an administrative oversight. Upon lapse of the restrictions, these units are payable in cash or in the Company's common stock. The restrictions lapse for 300 of these units on 02/21/23, 300 of these units on 02/21/24, 300 of these units on 02/21/25 and 302 of these units on 02/21/26.
( 2 )On 06/08/18, the reporting person was granted 3,750 RSUs, 937 of which vested on 06/08/19, 937 of which vested on 06/08/20, 937 of which vested on 06/08/21, and 939 of which vested on 06/08/22. In connection with the spin-off of Kyndryl Holdings, Inc. on November 3, 2021, unvested Issuer restricted stock units were adjusted to reflect additional restricted stock units, which additional restricted stock units are included in the figures above.
( 3 )These units were payable in cash or the company's common stock upon the lapse of the restrictions on the transaction date shown.
( 4 )Release of restricted stock units.
( 5 )On 06/08/20, the reporting person was granted 6,495 RSUs, 1,623 of which vested on 06/08/21, 1,623 of which vested on 06/08/22, 1,623 of which will vest on 06/08/23, and 1,626 of which will vest on 06/08/24. In connection with the spin-off of Kyndryl Holdings, Inc. on November 3, 2021, unvested Issuer restricted stock units were adjusted to reflect additional restricted stock units, which additional restricted stock units are included in the figures above.
( 6 )On 06/08/21, the reporting person was granted 5,538 RSUs, 1,384 of which vested on 06/08/22, 1,384 of which will vest on 06/08/23, 1,384 of which will vest on 06/08/24, and 1,386 of which will vest on 06/08/25. In connection with the spin-off of Kyndryl Holdings, Inc. on November 3, 2021, unvested Issuer restricted stock units were adjusted to reflect additional restricted stock units, which additional restricted stock units are included in the figures above.

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