Skip to main content

IBM Notice of 2009 Annual Meeting and Proxy Statement

1. Election of directors for a term of one year General information: Executive compensation:
Report of the audit committee of the board of directors Audit and non-audit fees 2. Ratification of appointment of independent registered public accounting firm 3. Approval of long-term incentive performance terms for certain executives pursuant to section 162(m) of the Internal Revenue Code Equity compensation plan information 4. Stockholder proposal on cumulative voting 5. Stockholder proposal on executive compensation and pension income 6. Stockholder proposal on advisory vote on executive compensation

2008 Grants of plan-based awards table

Estimated Future Payouts Under Non-Equity Incentive Plan Awards(2)
 
 Estimated Future Payouts Under Equity Incentive Plan Awards(3)
Name
(a)		 Type of Award(1) Grant Date
(b)		 Compensation Committee Approval Date Threshold
($)
(c)		 Target
($)
(d)		 Maximum
($)
(e)		 Threshold
(#)
(f)		 Target
(#)
(g)		 Maximum
(#)
(h)		 All Other Stock Awards: Number of Shares of Stock or Units(4)(5)
(#)
(i)		 All Other Option Awards: Number of Securities Under-lying Options
(#)
(j)		 Exercise or Base Price of Option Awards
($/Sh)
(k)		 Closing Price on the NYSE on the Date of Grant
($/Sh)		 Grant Date Fair Value of Stock Option Awards(6)
($)
(l)

(1) Type of Award:
AIP = Annual Incentive Plan
PSU = Performance Share Unit
RSU = Restricted Stock Unit
RRSU = Retention Restricted Stock Unit
For additional information on these types of awards, see 2008 Summary Compensation Table Narrative.

(2) These amounts will be adjusted based on performance and paid on or before March 15, 2009.

(3) PSU awards will be adjusted for performance and be payable on February 1, 2011.

(4) RSUs will vest in three equal annual installments on the first three anniversaries of the grant date.

(5) The RRSU awarded to Mr. Loughridge will vest 100% on October 28, 2013.

(6) Amounts in this column represent the market value of the full 2008 awards indicated, calculated in accordance with FAS 123R by multiplying the number of units granted by the average high and low stock prices of IBM stock on the NYSE on the date of grant adjusted for the exclusion of dividend equivalents.
S.J. Palmisano AIP N/A 02/26/2008 $0 $5,000,000 $15,000,000         $0 N/A N/A  
PSU 05/08/2008 02/26/2008       25,701 102,804 154,206         $12,220,311
M. Loughridge AIP N/A 02/26/2008 0 975,000 2,925,000       0 N/A N/A
PSU 05/08/2008 02/26/2008       5,725 22,898 34,347       2,721,885
RSU 05/08/2008 02/26/2008             9,814       1,166,590
RRSU 10/28/2008 10/28/2008             16,667       1,235,691
M.E. Daniels AIP N/A 02/26/2008 0 900,000 2,700,000       0 N/A N/A
PSU 05/08/2008 02/26/2008       4,907 19,627 29,441       2,333,061
RSU 05/08/2008 02/26/2008             8,412       999,934
S.A. Mills AIP N/A 02/26/2008 0 940,000 2,820,000       0 N/A N/A
PSU 05/08/2008 02/26/2008       4,907 19,627 29,441       2,333,061
RSU 05/08/2008 02/26/2008             8,412       999,934
V.M. Rometty AIP N/A 02/26/2008 0 850,000 2,550,000       0 N/A N/A
PSU 05/08/2008 02/26/2008       4,907 19,627 29,441       2,333,061
RSU 05/08/2008 02/26/2008             8,412       999,934
Previous
|Next
Back to Top

IBM 2008 Annual Report

Annual report cover