Whitehurst James M Form 3 INTERNATIONAL BUSINESS MACHINES / James M Whitehurst ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Whitehurst James M

(Last) (First) (Middle)

IBM CORPORATION

ONE NEW ORCHARD ROAD

(Street)

ARMONK NY 10504

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/15/2020

3. Issuer Name and Ticker or Trading Symbol
INTERNATIONAL BUSINESS MACHINES CORP [ IBM ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	148,606.423	D
Rst. Stock Award	9,375(1)	D
Rst. Stock Award	13,054(2)	D
Rst. Stock Award	21,004(3)	D
Rst. Stock Award	14,918(3)	D
Rst. Stock Award	53,593(4)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Rst. Stock Unit	(5)	(5)	Common Stock	31,254	0.00	D
Perf. Share Unit	(6)	(6)	Common Stock	34,377	0.00	D
Rst. Stock Unit	(7)	(7)	Common Stock	110,671	0.00	D

Explanation of Responses:

1. Upon lapse of the restrictions, the Restricted Stock Award is payable in cash or the company's common stock. The restrictions lapse for 3,125 of these shares on January 16, 2021, for 3,125 of these shares on April 16, 2021, and for 3,125 of these shares on July 16, 2021.

2. Upon lapse of the restrictions, the Restricted Stock Award is payable in cash or the company's common stock. The restrictions lapse for 1,865 of these shares on January 16, 2021, for 1,865 of these shares on April 16, 2021, for 1,865 of these shares on July 16, 2021, for 1,865 of these shares on October 16, 2021, for 1,864 of these shares on January 16, 2022, for 1,865 of these shares on April 16, 2022, and for 1,865 of these shares on July 16, 2022.

3. The Restricted Stock Award is payable in cash or the company's common stock upon lapse of the restrictions on May 15, 2021.

4. Upon lapse of the restrictions, the Restricted Stock Award is payable in cash or the company's common stock. The restrictions lapse for 26,796 of these shares on May 16, 2021, and for 26,797 of these shares on May 16, 2022.

5. Upon lapse of the restrictions, these units are payable in cash or the company's common stock. The restrictions lapse for 7,813 of these units on June 8, 2021, for 7,813 of these units on June 8, 2022, for 7,813 of these units on June 8, 2023, and 7,815 of these units on June 8, 2024.

6. These units are payable in cash or the company's common stock upon lapse of the restrictions on July 31, 2021.

7. Upon lapse of the restrictions, these units are payable in cash or the company's common stock. The restrictions lapse for 36,890 of these units on July 9, 2022, and for 73,781 of these units on July 9, 2023.

Remarks:

	D. Condrea on behalf of J. M. Whitehurst	12/23/2020
	** Signature of Reporting Person	Date
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 5 (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).
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