INTERNATIONAL BUSINESS MACHINES CORP | 2013 | FY | 3


PSUs
201320122011
Weighted-Weighted-Weighted-
AverageNumberAverageNumberAverageNumber
Grant Priceof UnitsGrant Priceof UnitsGrant Priceof Units
Balance at January 1$ 151 3,172,201$ 122 3,686,991$ 111 3,649,288
PSUs granted at target 195 869,875 185 1,004,003 154 1,055,687
Additional shares earned
above target* 118 152,069 102 550,399 118 230,524
PSUs released 118 (1,321,784) 102 (1,998,746) 118 (1,189,765)
PSUs canceled/forfeited 170 (48,067) 131 (70,446) 118 (58,743)
Balance at December 31**$ 178 2,824,294$ 151 3,172,201$ 122 3,686,991

*    Represents additional shares issued to employees after vesting of PSUs because final performance metrics exceeded specified targets.

 

**   Represents the number of shares expected to be issued based on achievement of grant date performance targets. The actual number of shares issued depends on the company’s performance against specified targets over the vesting period.


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