Heller Frances K 4
4 · BRISTOL MYERS SQUIBB CO · Filed Mar 11, 2013
Insider Transaction Report
Form 4
Heller Frances K
SVP, Business Development
Transactions
- Award
Market Share Units
2013-03-10+6,438→ 6,438 totalExp: 2017-03-10→ Common Stock, $0.10 par value (6,438 underlying)
Footnotes (2)
- [F1]Each market share unit converts into the number of shares of common stock determined by applying a payout factor to the target number of shares vesting on a given date. The payout factor is a ratio of the average of the closing price on the measurement date plus the nine prior trading days divided by the average stock price on the grant date (also a 10-day average). The minimum payout factor that must be achieved to earn a payout is 60% and the maximum payout factor is 200%.
- [F2]Twenty-five percent of the market share unit award will vest on each of the first, second, third and fourth anniversaries of the grant date.