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NYSE · USD

IBM

INTERNATIONAL BUSINESS MACHINES CORP

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Tapewire entity
2840
SEC CIK
0000051143
Parsed reports
6,105

Last 12 months

Inside the activity.

3 purchase rows · 1 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
Monthly counts
MonthPurchasesSales
Nov 202500
Dec 202500
Jan 202610
Feb 202620
Mar 202600
Apr 202600
May 202600
Jun 202600
Jul 202600
Aug 202601
Sep 202600
Oct 202600

Latest available

Insider transactions

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateOwner / reported roleActivity / securityShares / unitsReported priceReported valueDetails
September 30, 2010 Filed Oct 1, 2010 17:23 UTC GrantPromised Fee Share · Derivative 482 $134.90 Strike: $0.00 $65,021.80
Disclosure

SEC source: 0001181431-10-048654 · rrd287532.xml · derivative · entry 1

TAUREL SIDNEY · CIK 0001016844 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,276

Underlying: Common Stock · 482 shares

Expires not disclosed

F1 · derivative.exercise_price: Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan are paid out after retirement in the company's common stock or cash.

F2 · kind: Deferral of fees into Promised Fee Shares under the terms of the IBM Board of Directors Deferred Compensation and Equity Award Plan.

F3 · derivative.exercise_date: Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

F3 · derivative.expiration_date: Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

Read SEC document
September 30, 2010 Filed Oct 1, 2010 17:24 UTC
SPERO JOAN EDirector
GrantPromised Fee Share · Derivative 464 $134.90 Strike: $0.00 $62,593.60
Disclosure

SEC source: 0001181431-10-048655 · rrd287533.xml · derivative · entry 1

SPERO JOAN E · CIK 0001197661 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,274

Underlying: Common Stock · 464 shares

Expires not disclosed

F1 · derivative.exercise_price: Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan are paid out after retirement in the company's common stock or cash.

F2 · kind: Deferral of fees into Promised Fee Shares under the terms of the IBM Board of Directors Deferred Compensation and Equity Award Plan.

F3 · derivative.exercise_date: Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

F3 · derivative.expiration_date: Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

Read SEC document
September 30, 2010 Filed Oct 1, 2010 17:25 UTC GrantPromised Fee Share · Derivative 464 $134.90 Strike: $0.00 $62,593.60
Disclosure

SEC source: 0001181431-10-048656 · rrd287534.xml · derivative · entry 1

OWENS JAMES W · CIK 0001171767 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,880

Underlying: Common Stock · 464 shares

Expires not disclosed

F1 · derivative.exercise_price: Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan are paid out after retirement in the company's common stock or cash.

F2 · kind: Deferral of fees into Promised Fee Shares under the terms of the IBM Board of Directors Deferred Compensation and Equity Award Plan.

F3 · derivative.exercise_date: Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

F3 · derivative.expiration_date: Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

Read SEC document
September 30, 2010 Filed Oct 1, 2010 17:25 UTC GrantPromised Fee Share · Derivative 464 $134.90 Strike: $0.00 $62,593.60
Disclosure

SEC source: 0001181431-10-048657 · rrd287535.xml · derivative · entry 1

MCNERNEY W JAMES JR · CIK 0001182055 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,815

Underlying: Common Stock · 464 shares

Expires not disclosed

F1 · derivative.exercise_price: Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan are paid out after retirement in the company's common stock or cash.

F2 · kind: Deferral of fees into Promised Fee Shares under the terms of the IBM Board of Directors Deferred Compensation and Equity Award Plan.

F3 · derivative.exercise_date: Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

F3 · derivative.expiration_date: Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

Read SEC document
September 30, 2010 Filed Oct 1, 2010 17:26 UTC GrantPromised Fee Share · Derivative 464 $134.90 Strike: $0.00 $62,593.60
Disclosure

SEC source: 0001181431-10-048658 · rrd287536.xml · derivative · entry 1

LIVERIS ANDREW N · CIK 0001269971 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,167

Underlying: Common Stock · 464 shares

Expires not disclosed

F1 · derivative.exercise_price: Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan are paid out after retirement in the company's common stock or cash.

F2 · kind: Deferral of fees into Promised Fee Shares under the terms of the IBM Board of Directors Deferred Compensation and Equity Award Plan.

F3 · derivative.exercise_date: Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

F3 · derivative.expiration_date: Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

Read SEC document
September 30, 2010 Filed Oct 1, 2010 17:26 UTC GrantPromised Fee Share · Derivative 464 $134.90 Strike: $0.00 $62,593.60
Disclosure

SEC source: 0001181431-10-048659 · rrd287537.xml · derivative · entry 1

JACKSON SHIRLEY A · CIK 0001168019 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,446

Underlying: Common Stock · 464 shares

Expires not disclosed

F1 · derivative.exercise_price: Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan are paid out after retirement in the company's common stock or cash.

F2 · kind: Deferral of fees into Promised Fee Shares under the terms of the IBM Board of Directors Deferred Compensation and Equity Award Plan.

F3 · derivative.exercise_date: Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

F3 · derivative.expiration_date: Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

Read SEC document
September 30, 2010 Filed Oct 1, 2010 17:27 UTC GrantPromised Fee Share · Derivative 492 $134.90 Strike: $0.00 $66,370.80
Disclosure

SEC source: 0001181431-10-048660 · rrd287538.xml · derivative · entry 1

ESKEW MICHAEL L · CIK 0001227734 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,709

Underlying: Common Stock · 492 shares

Expires not disclosed

F1 · derivative.exercise_price: Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan are paid out after retirement in the company's common stock or cash.

F2 · kind: Deferral of fees into Promised Fee Shares under the terms of the IBM Board of Directors Deferred Compensation and Equity Award Plan.

F3 · derivative.exercise_date: Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

F3 · derivative.expiration_date: Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

Read SEC document
September 30, 2010 Filed Oct 1, 2010 17:28 UTC GrantPromised Fee Share · Derivative 464 $134.90 Strike: $0.00 $62,593.60
Disclosure

SEC source: 0001181431-10-048661 · rrd287539.xml · derivative · entry 1

CHENAULT KENNETH I · CIK 0001180524 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,294

Underlying: Common Stock · 464 shares

Expires not disclosed

F1 · derivative.exercise_price: Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan are paid out after retirement in the company's common stock or cash.

F2 · kind: Deferral of fees into Promised Fee Shares under the terms of the IBM Board of Directors Deferred Compensation and Equity Award Plan.

F3 · derivative.exercise_date: Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

F3 · derivative.expiration_date: Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

Read SEC document
September 30, 2010 Filed Oct 1, 2010 17:29 UTC GrantPromised Fee Share · Derivative 464 $134.90 Strike: $0.00 $62,593.60
Disclosure

SEC source: 0001181431-10-048662 · rrd287540.xml · derivative · entry 1

BRODY WILLIAM R MD PHD · CIK 0001145157 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,610

Underlying: Common Stock · 464 shares

Expires not disclosed

F1 · derivative.exercise_price: Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan are paid out after retirement in the company's common stock or cash.

F2 · kind: Deferral of fees into Promised Fee Shares under the terms of the IBM Board of Directors Deferred Compensation and Equity Award Plan.

F3 · derivative.exercise_date: Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

F3 · derivative.expiration_date: Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

Read SEC document
September 30, 2010 Filed Oct 1, 2010 17:29 UTC GrantPromised Fee Share · Derivative 482 $134.90 Strike: $0.00 $65,021.80
Disclosure

SEC source: 0001181431-10-048664 · rrd287541.xml · derivative · entry 1

BLACK CATHLEEN · CIK 0001180520 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,297

Underlying: Common Stock · 482 shares

Expires not disclosed

F1 · derivative.exercise_price: Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan are paid out after retirement in the company's common stock or cash.

F2 · kind: Deferral of fees into Promised Fee Shares under the terms of the IBM Board of Directors Deferred Compensation and Equity Award Plan.

F3 · derivative.exercise_date: Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

F3 · derivative.expiration_date: Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

Read SEC document
September 30, 2010 Filed Oct 1, 2010 17:30 UTC GrantPromised Fee Share · Derivative 464 $134.90 Strike: $0.00 $62,593.60
Disclosure

SEC source: 0001181431-10-048665 · rrd287542.xml · derivative · entry 1

BELDA ALAIN J P · CIK 0001127285 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,789

Underlying: Common Stock · 464 shares

Expires not disclosed

F1 · derivative.exercise_price: Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan are paid out after retirement in the company's common stock or cash.

F2 · kind: Deferral of fees into Promised Fee Shares under the terms of the IBM Board of Directors Deferred Compensation and Equity Award Plan.

F3 · derivative.exercise_date: Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

F3 · derivative.expiration_date: Distribution of Promised Fee Shares under the IBM Board of Directors Deferred Compensation and Equity Award Plan is deferred until retirement.

Read SEC document
September 15, 2010 Filed Sep 16, 2010 16:17 UTC
KAVANAUGH JAMES JVP, Controller
GrantPhantom Stock Unit · Derivative 4 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001181431-10-046906 · rrd286476.xml · derivative · entry 1

KAVANAUGH JAMES J · CIK 0001433640 · VP, Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,586

Underlying: Common Stock · 4 shares

Expires not disclosed

F1 · derivative.exercise_price: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2 · kind: Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
August 31, 2010 Filed Sep 1, 2010 17:58 UTC
Shaughnessy Timothy SSenior Vice President
Exercise / conversionRst. Stock Unit · Derivative 1,505 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001181431-10-045057 · rrd285425.xml · derivative · entry 4

Shaughnessy Timothy S · CIK 0001297090 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 1,505 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: These units were payable in cash or the company's common stock upon the lapse of the restrictions on the transaction date shown.

F3 · kind: Release of restricted stock units.

F2 · derivative.exercise_date: These units were payable in cash or the company's common stock upon the lapse of the restrictions on the transaction date shown.

F2 · derivative.expiration_date: These units were payable in cash or the company's common stock upon the lapse of the restrictions on the transaction date shown.

Read SEC document
August 31, 2010 Filed Sep 1, 2010 17:58 UTC
Shaughnessy Timothy SSenior Vice President
Tax withholdingCommon Stock 686 $123.15 $84,480.90
Disclosure

SEC source: 0001181431-10-045057 · rrd285425.xml · nonDerivative · entry 2

Shaughnessy Timothy S · CIK 0001297090 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,402.272

Read SEC document
August 31, 2010 Filed Sep 1, 2010 17:58 UTC
Shaughnessy Timothy SSenior Vice President
Exercise / conversionCommon Stock 1,505 $0.00 $0.00
Disclosure

SEC source: 0001181431-10-045057 · rrd285425.xml · nonDerivative · entry 1

Shaughnessy Timothy S · CIK 0001297090 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,088.272

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
August 31, 2010 Filed Sep 1, 2010 18:00 UTC
KAVANAUGH JAMES JVP, Controller
GrantPhantom Stock Unit · Derivative 5 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001181431-10-045058 · rrd285382.xml · derivative · entry 1

KAVANAUGH JAMES J · CIK 0001433640 · VP, Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,582

Underlying: Common Stock · 5 shares

Expires not disclosed

F1 · derivative.exercise_price: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2 · kind: Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
August 19, 2010 Filed Nov 1, 2010 21:00 UTC
MILLS STEVEN ASenior Vice President
GiftCommon Stock 20 $0.00 $0.00
Disclosure

SEC source: 0001181431-10-052650 · rrd289636.xml · nonDerivative · entry 5

MILLS STEVEN A · CIK 0001180459 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 109,841.55

Read SEC document
August 19, 2010 Filed Nov 1, 2010 21:00 UTC
MILLS STEVEN ASenior Vice President
GiftCommon Stock 20 $0.00 $0.00
Disclosure

SEC source: 0001181431-10-052650 · rrd289636.xml · nonDerivative · entry 4

MILLS STEVEN A · CIK 0001180459 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 109,861.55

Read SEC document
August 19, 2010 Filed Nov 1, 2010 21:00 UTC
MILLS STEVEN ASenior Vice President
GiftCommon Stock 10 $0.00 $0.00
Disclosure

SEC source: 0001181431-10-052650 · rrd289636.xml · nonDerivative · entry 3

MILLS STEVEN A · CIK 0001180459 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 109,881.55

Read SEC document
August 19, 2010 Filed Nov 1, 2010 21:00 UTC
MILLS STEVEN ASenior Vice President
GiftCommon Stock 10 $0.00 $0.00
Disclosure

SEC source: 0001181431-10-052650 · rrd289636.xml · nonDerivative · entry 2

MILLS STEVEN A · CIK 0001180459 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 109,891.55

Read SEC document
August 19, 2010 Filed Nov 1, 2010 21:00 UTC
MILLS STEVEN ASenior Vice President
GiftCommon Stock 10 $0.00 $0.00
Disclosure

SEC source: 0001181431-10-052650 · rrd289636.xml · nonDerivative · entry 1

MILLS STEVEN A · CIK 0001180459 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 109,901.55

Read SEC document
August 13, 2010 Filed Aug 16, 2010 13:50 UTC
KAVANAUGH JAMES JVP, Controller
GrantPhantom Stock Unit · Derivative 4 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001181431-10-041889 · rrd283877.xml · derivative · entry 1

KAVANAUGH JAMES J · CIK 0001433640 · VP, Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,578

Underlying: Common Stock · 4 shares

Expires not disclosed

F1 · derivative.exercise_price: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2 · kind: Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
August 10, 2010 Filed Nov 2, 2010 20:03 UTC
PALMISANO SAMUEL JDirector · Chairman, Pres., and CEO
GiftCommon Stock 192 $0.00 $0.00
Disclosure

SEC source: 0001181431-10-052898 · rrd289793.xml · nonDerivative · entry 27

PALMISANO SAMUEL J · CIK 0001180618 · Director · Chairman, Pres., and CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · son 2

Disclosed balance after: 706

F1 · ownership.direct: The reporting person disclaims beneficial ownership of the securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Read SEC document
August 10, 2010 Filed Nov 2, 2010 20:03 UTC
PALMISANO SAMUEL JDirector · Chairman, Pres., and CEO
GiftCommon Stock 192 $0.00 $0.00
Disclosure

SEC source: 0001181431-10-052898 · rrd289793.xml · nonDerivative · entry 26

PALMISANO SAMUEL J · CIK 0001180618 · Director · Chairman, Pres., and CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · son 1

Disclosed balance after: 926

F1 · ownership.direct: The reporting person disclaims beneficial ownership of the securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Read SEC document
August 10, 2010 Filed Nov 2, 2010 20:03 UTC
PALMISANO SAMUEL JDirector · Chairman, Pres., and CEO
GiftCommon Stock 192 $0.00 $0.00
Disclosure

SEC source: 0001181431-10-052898 · rrd289793.xml · nonDerivative · entry 25

PALMISANO SAMUEL J · CIK 0001180618 · Director · Chairman, Pres., and CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · daughter

Disclosed balance after: 706

F1 · ownership.direct: The reporting person disclaims beneficial ownership of the securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Read SEC document
August 10, 2010 Filed Nov 2, 2010 20:03 UTC
PALMISANO SAMUEL JDirector · Chairman, Pres., and CEO
GiftCommon Stock 192 $0.00 $0.00
Disclosure

SEC source: 0001181431-10-052898 · rrd289793.xml · nonDerivative · entry 24

PALMISANO SAMUEL J · CIK 0001180618 · Director · Chairman, Pres., and CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · spouse

Disclosed balance after: 260,764

F1 · ownership.direct: The reporting person disclaims beneficial ownership of the securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Read SEC document
August 10, 2010 Filed Nov 2, 2010 20:03 UTC
PALMISANO SAMUEL JDirector · Chairman, Pres., and CEO
GiftCommon Stock 192 $0.00 $0.00
Disclosure

SEC source: 0001181431-10-052898 · rrd289793.xml · nonDerivative · entry 23

PALMISANO SAMUEL J · CIK 0001180618 · Director · Chairman, Pres., and CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · spouse

Disclosed balance after: 260,956

F1 · ownership.direct: The reporting person disclaims beneficial ownership of the securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Read SEC document
August 10, 2010 Filed Nov 2, 2010 20:03 UTC
PALMISANO SAMUEL JDirector · Chairman, Pres., and CEO
GiftCommon Stock 192 $0.00 $0.00
Disclosure

SEC source: 0001181431-10-052898 · rrd289793.xml · nonDerivative · entry 22

PALMISANO SAMUEL J · CIK 0001180618 · Director · Chairman, Pres., and CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · spouse

Disclosed balance after: 261,148

F1 · ownership.direct: The reporting person disclaims beneficial ownership of the securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Read SEC document
August 10, 2010 Filed Nov 2, 2010 20:03 UTC
PALMISANO SAMUEL JDirector · Chairman, Pres., and CEO
GiftCommon Stock 192 $0.00 $0.00
Disclosure

SEC source: 0001181431-10-052898 · rrd289793.xml · nonDerivative · entry 21

PALMISANO SAMUEL J · CIK 0001180618 · Director · Chairman, Pres., and CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · spouse

Disclosed balance after: 261,340

F1 · ownership.direct: The reporting person disclaims beneficial ownership of the securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Read SEC document
August 06, 2010 Filed Aug 9, 2010 15:56 UTC
Weber Robert CSenior Vice President
GrantPhantom Stock Unit · Derivative 36 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001181431-10-040920 · rrd283306.xml · derivative · entry 1

Weber Robert C · CIK 0001347423 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,085

Underlying: Common Stock · 36 shares

Expires not disclosed

F1 · derivative.exercise_price: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2 · kind: Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
August 06, 2010 Filed Aug 9, 2010 15:56 UTC
Shaughnessy Timothy SSenior Vice President
GrantPhantom Stock Unit · Derivative 4 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001181431-10-040921 · rrd283307.xml · derivative · entry 2

Shaughnessy Timothy S · CIK 0001297090 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Indirect · spouse

Disclosed balance after: 639

Underlying: Common Stock · 4 shares

Expires not disclosed

F1 · derivative.exercise_price: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2 · kind: Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

F4 · ownership.direct: The reporting person disclaims beneficial ownership of the securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Read SEC document
August 06, 2010 Filed Aug 9, 2010 15:56 UTC
Shaughnessy Timothy SSenior Vice President
GrantPhantom Stock Unit · Derivative 22 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001181431-10-040921 · rrd283307.xml · derivative · entry 1

Shaughnessy Timothy S · CIK 0001297090 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,352

Underlying: Common Stock · 22 shares

Expires not disclosed

F1 · derivative.exercise_price: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2 · kind: Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
August 06, 2010 Filed Aug 9, 2010 15:58 UTC
Rometty Virginia MSenior Vice President
GrantPhantom Stock Unit · Derivative 71 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001181431-10-040923 · rrd283309.xml · derivative · entry 1

Rometty Virginia M · CIK 0001333712 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,147

Underlying: Common Stock · 71 shares

Expires not disclosed

F1 · derivative.exercise_price: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2 · kind: Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
August 06, 2010 Filed Aug 9, 2010 15:57 UTC
SANFORD LINDA SSenior Vice President
GrantPhantom Stock Unit · Derivative 25 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001181431-10-040922 · rrd283308.xml · derivative · entry 1

SANFORD LINDA S · CIK 0001068020 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,867

Underlying: Common Stock · 25 shares

Expires not disclosed

F1 · derivative.exercise_price: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2 · kind: Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
August 06, 2010 Filed Aug 9, 2010 15:59 UTC
Rhodin Michael D.Senior Vice President
GrantPhantom Stock Unit · Derivative 27 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001181431-10-040924 · rrd283310.xml · derivative · entry 1

Rhodin Michael D. · CIK 0001481603 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,244

Underlying: Common Stock · 27 shares

Expires not disclosed

F1 · derivative.exercise_price: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2 · kind: Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
August 06, 2010 Filed Aug 9, 2010 15:59 UTC
PALMISANO SAMUEL JDirector · Chairman, Pres., and CEO
GrantPhantom Stock Unit · Derivative 329 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001181431-10-040925 · rrd283311.xml · derivative · entry 1

PALMISANO SAMUEL J · CIK 0001180618 · Director · Chairman, Pres., and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 66,144

Underlying: Common Stock · 329 shares

Expires not disclosed

F1 · derivative.exercise_price: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2 · kind: Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
August 06, 2010 Filed Aug 9, 2010 16:00 UTC
MILLS STEVEN ASenior Vice President
GrantPhantom Stock Unit · Derivative 150 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001181431-10-040926 · rrd283312.xml · derivative · entry 1

MILLS STEVEN A · CIK 0001180459 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,198

Underlying: Common Stock · 150 shares

Expires not disclosed

F1 · derivative.exercise_price: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2 · kind: Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
August 06, 2010 Filed Aug 9, 2010 16:01 UTC
MACDONALD J RANDALLSenior Vice President
GrantPhantom Stock Unit · Derivative 129 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001181431-10-040928 · rrd283328.xml · derivative · entry 1

MACDONALD J RANDALL · CIK 0001180458 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,863

Underlying: Common Stock · 129 shares

Expires not disclosed

F1 · derivative.exercise_price: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2 · kind: Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
August 06, 2010 Filed Aug 9, 2010 16:01 UTC
LOUGHRIDGE MARKSr. VP and CFO
GrantPhantom Stock Unit · Derivative 41 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001181431-10-040929 · rrd283315.xml · derivative · entry 1

LOUGHRIDGE MARK · CIK 0001180457 · Sr. VP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,059

Underlying: Common Stock · 41 shares

Expires not disclosed

F1 · derivative.exercise_price: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2 · kind: Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
August 06, 2010 Filed Aug 9, 2010 16:02 UTC
LeBlanc Robert J.Senior Vice President
GrantPhantom Stock Unit · Derivative 63 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001181431-10-040930 · rrd283316.xml · derivative · entry 1

LeBlanc Robert J. · CIK 0001481602 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,585

Underlying: Common Stock · 63 shares

Expires not disclosed

F1 · derivative.exercise_price: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2 · kind: Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
August 06, 2010 Filed Aug 9, 2010 16:02 UTC
KERN R. FRANKLIN IIISenior Vice President
GrantPhantom Stock Unit · Derivative 22 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001181431-10-040931 · rrd283317.xml · derivative · entry 1

KERN R. FRANKLIN III · CIK 0001430470 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,406

Underlying: Common Stock · 22 shares

Expires not disclosed

F1 · derivative.exercise_price: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2 · kind: Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
August 06, 2010 Filed Aug 9, 2010 16:03 UTC
KELLY JOHN E IIISenior Vice President
GrantPhantom Stock Unit · Derivative 44 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001181431-10-040932 · rrd283318.xml · derivative · entry 2

KELLY JOHN E III · CIK 0001180452 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,831

Underlying: Common Stock · 44 shares

Expires not disclosed

F1 · derivative.exercise_price: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2 · kind: Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
August 06, 2010 Filed Aug 9, 2010 16:04 UTC
KAVANAUGH JAMES JVP, Controller
GrantPhantom Stock Unit · Derivative 13 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001181431-10-040933 · rrd283319.xml · derivative · entry 1

KAVANAUGH JAMES J · CIK 0001433640 · VP, Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,574

Underlying: Common Stock · 13 shares

Expires not disclosed

F1 · derivative.exercise_price: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2 · kind: Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
August 06, 2010 Filed Aug 9, 2010 16:04 UTC
IWATA JON CSenior Vice President
GrantPhantom Stock Unit · Derivative 25 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001181431-10-040934 · rrd283320.xml · derivative · entry 1

IWATA JON C · CIK 0001180450 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,994

Underlying: Common Stock · 25 shares

Expires not disclosed

F1 · derivative.exercise_price: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2 · kind: Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
August 06, 2010 Filed Aug 9, 2010 16:05 UTC
Daniels Michael ESenior Vice President
GrantPhantom Stock Unit · Derivative 45 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001181431-10-040935 · rrd283321.xml · derivative · entry 1

Daniels Michael E · CIK 0001333915 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,897

Underlying: Common Stock · 45 shares

Expires not disclosed

F1 · derivative.exercise_price: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2 · kind: Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
August 06, 2010 Filed Aug 9, 2010 16:05 UTC
Arnold Colleen F.Senior Vice President
GrantPhantom Stock Unit · Derivative 17 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001181431-10-040936 · rrd283322.xml · derivative · entry 1

Arnold Colleen F. · CIK 0001409123 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,417

Underlying: Common Stock · 17 shares

Expires not disclosed

F1 · derivative.exercise_price: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2 · kind: Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
August 06, 2010 Filed Aug 9, 2010 16:06 UTC
Adkins Rodney CSenior Vice President
GrantPhantom Stock Unit · Derivative 29 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001181431-10-040937 · rrd283323.xml · derivative · entry 1

Adkins Rodney C · CIK 0001400395 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,781

Underlying: Common Stock · 29 shares

Expires not disclosed

F1 · derivative.exercise_price: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2 · kind: Acquisition of phantom stock units under the IBM Excess 401(k) Plus Plan.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

Read SEC document
August 03, 2010 Filed Aug 4, 2010 16:43 UTC
KERN R. FRANKLIN IIISenior Vice President
SaleCommon Stock 1,100 $130.38 $143,418.00
Disclosure

SEC source: 0001181431-10-040169 · rrd282848.xml · nonDerivative · entry 20

KERN R. FRANKLIN III · CIK 0001430470 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,355

Read SEC document
August 03, 2010 Filed Aug 4, 2010 16:43 UTC
KERN R. FRANKLIN IIISenior Vice President
SaleCommon Stock 900 $130.38 $117,342.00
Disclosure

SEC source: 0001181431-10-040169 · rrd282848.xml · nonDerivative · entry 19

KERN R. FRANKLIN III · CIK 0001430470 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,455

Read SEC document
August 03, 2010 Filed Aug 4, 2010 16:43 UTC
KERN R. FRANKLIN IIISenior Vice President
SaleCommon Stock 8,913 $130.37 $1,161,987.81
Disclosure

SEC source: 0001181431-10-040169 · rrd282848.xml · nonDerivative · entry 18

KERN R. FRANKLIN III · CIK 0001430470 · Senior Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,355

Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.