KERN R. FRANKLIN III 4
4 · INTERNATIONAL BUSINESS MACHINES CORP · Filed Nov 9, 2011
Insider Transaction Report
Form 4
KERN R. FRANKLIN III
Senior Vice President
Transactions
- Award
Phantom Stock Unit
2011-11-08+18→ 4,495 totalExercise: $0.00→ Common Stock (18 underlying)
Footnotes (3)
- [F1]Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.
- [F2]Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.
- [F3]Distribution 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 investment account under such plan.