IBM investor services program : Gift transfers

You may transfer/gift shares to others directly without requiring the issuance of stock certificates. You can transfer/gift some or all of your Program shares held in custody by sending the Program Administrator written and signed transfer instructions. Signatures must be Medallion Guaranteed by a financial institution participating in the Medallion Guarantee program. Call or write the Program Administrator (see contact information) for instructions. There is no charge for transferring shares. After the transfer is complete, the recipient will receive an account statement showing the transfer of those shares. At your request, Computershare will send you a non-negotiable gift certificate you can present to the recipient or you may request Computershare to issue an IBM stock certificate for the shares.