FAQs

Transferring shares

Frequently Asked Questions about IBM, our stock, finances and investing in the company.

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Add a name onto stock

Example of Old Registration : Mary Smith
Example of New Registration : Mary Smith & John Smith Jt Ten

In order to add a name to your account, please follow these instructions:

1) If you are reregistering stock certificates, send in the outstanding shares in certificate form. If you are unable to locate all of your certificates, please contact us immediately so that we may begin replacement procedures.

2) Complete a Transfer of Ownership form (found by clicking on this link) or, on the back of your stock certificates, or, on the back of your Investor Services Program Statement. This document must be endorsed exactly as the shares are registered on the face of the stock certificate(s) or statement. The signatures must be medallion guaranteed by an institution such as a commercial bank, trust company, credit union, or brokerage firm participating in a medallion program. Include the following information:

a) the name, address, taxpayer identification number (i.e. social security number) for the new owner (It is only necessary to provide the taxpayer identification number and address for the primary person.)

b) the number of shares represented by stock certificates and/or Investor Services Program or Employees Stock Purchase Plan shares, if any, that will be transferred to the new account.

c) If there are book entry shares that are held in the Investor Services Program or Employees Stock Purchase Plan, please indicate if you choose to have these shares also transferred to the new account.

Mail all of the completed documents along with your stock certificates (if applicable) to the address below:

Regular mail:

IBM Stockholder Services
c/o Computershare
Transfer Team
P.O. Box 43072
Providence, RI 02940-3072

Overnight mail:

IBM Stockholder Services
c/o Computershare
Transfer Team
250 Royall Street
Canton, MA 02021

When mailing stock certificates, we suggest that you send them by certified or registered mail and insure them for 3% of the current market value (minimum of $20.00) which is the approximate cost to replace the certificates if they are lost.

Deceased stockholder-joint account

Example of Old Registration : John Brown &Margaret Brown Jt Ten

Example of New Registration :Margaret Brown

In order to remove a name from an account as a result of the death of one of the stockholders, please follow these instructions:

1) If you are transferring stock certificates, send in the outstanding shares in certificate form. If you are unable to locate all of your certificates, please contact us immediately so that we may begin replacement procedures.

2) A certified copy of the death certificate. A certified copy usually has a raised seal or an official stamp. A photocopy is not acceptable unless it has a Medallion Signature Guarantee affixed to it.

3) An Affidavit of Residence for the deceased stockholder properly executed and notarized. This document will confirm the state of residence at the time of death for tax purposes.

4) The name, address, taxpayer identification number for the new owner

5) the number of certificates and/or Investor Services Program and/or Employees Stock Purchase Plan shares that will be transferred to each person.

6) If you are transferring certificate shares and there are book entry shares that are in the Investor Services Program and/or Employees Stock Purchase Plan, please indicate if you choose to have these shares also transferred to the new account.

7) If you choose to add a name or change the registration please have the surviving stockholder complete a Transfer of Ownership form, the back of the certificate(s) or the Investor Services Program Statement. This document must be signed by the surviving tenant exactly as the name appears on the face of the certificate(s) or statement. The signature(s) must be medallion guaranteed by an institution such as a commercial bank, trust company, credit union or brokerage firm participating in a medallion program.

8) The following 16 states require an original Inheritance Tax Waiver (or Consent to Transfer Form) from the state where the deceased stockholder lived. It can be obtained from the State Department of Taxation and Revenue. Please read the exceptions column:

State Inheritance Tax Waiver Requirements
State Description
Alabama If Decedent was a legal resident of Alabama, waiver is required for all transfers.
Alaska Not required.
Arizona Required if Decedent was a legal resident of Arizona and stock is a corporation incorporated in Arizona.
Arkansas Not required.
California Required if Decedent was a legal resident of California and died on or before 9 June 1982.
Colorado Not required.
Connecticut If a Decedent was a legal resident of Connecticut, a tax waiver is required for all transfers. However, if stock is being transferred to the surviving spouse, no waiver is required.
Delaware Not required.
Florida Not required.
Georgia Not required.
Hawaii Required if Decedent was a legal resident of Hawaii and died before 1 July 1983 and stock is of a corporation incorporated in Hawaii.
Idaho Not required.
Illinois Required if Decedent was a legal resident of Illinois and died before 1 January 1983.
Indiana Required if Decedent was a legal resident of Indiana for all corporations. No waiver is required if the stock is being transferred to the surviving spouse.
Iowa Required if Decedent was a legal resident of Iowa and the estate was not probated and the stock is of a corporation in Iowa.
Kansas Not required.
Kentucky Not required.
Louisiana Required if Decedent was a legal resident of Louisiana and stock is of a corporation incorporated in Louisiana. However, if probate or court order states that tax has been paid, no consent or inheritance tax waiver is required.
Maine Not required.
Maryland Not required.
Massachusetts Not required.
Michigan Not required.
Minnesota Not required.
Mississippi Not required.
Missouri Not required.
Montana Required if Decedent was a legal resident of Montana.
Nebraska Not required.
Nevada Not required.
New Hampshire Required if a Decedent was a legal resident of New Hampshire and the stock is of a corporation incorporated in New Hampshire.
New Jersey An inheritance tax waiver is required if the Decedent was a legal resident of New Jersey and stock is of a corporation incorporated in New Jersey. However, an Affidavit of Waiver should be used in the following situations: "When the transfer is to the surviving spouse and the death occurred after 1 July 1987", and "When the transfer is to a beneficiary who is a kin and death occurred after 1 July 1988".
New Mexico Not required.
New York If the Decedent was a legal resident of New York who died before 1 July 1978 and the current market value of the shares is $2,000 or more, a tax waiver is required for all corporations. A tax waiver is required if the Decedent died after1 July 1978 and the current market value of the shares is $30,000 or more. However, a tax waiver is not required if the shares are registered in joint tenancy with the husband and wife and the shares are being transferred to a surviving spouse.
North Carolina Not required.
North Dakota Not required.
Ohio If Decedent was a legal resident of Ohio, a tax waiver is required. However, if stock is being transferred to the surviving spouse, no waiver or consent to transfer is required.
Oklahoma If Decedent was a legal resident of Oklahoma, a tax waiver is required. However, no waiver is required for any property passing to the surviving spouse either through the estate of the Decedent or by joint tenancy.
Oregon Required if Decedent was a legal resident of Oregon and died on or before 1 January 1987.
Pennsylvania Not required.
Puerto Rico Required if Decedent was a legal resident of Puerto Rico.
Rhode Island Not required.
South Carolina Not required.
South Dakota If Decedent was a legal resident of South Dakota, a tax waiver is required. However, no waiver is required if death occurred after 4 July 1983 and stock is held in joint tenancy between husband and wife and is being transferred to the surviving spouse.
Tennessee If Decedent was a legal resident of Tennessee, a tax waiver is required. However, no tax waiver or consent is required for property passing to the surviving spouse, tenant by entirety or joint tenant.
Texas Not required.
Utah Required if Decedent was a legal resident of Utah and died before 1 January 1977.
Vermont Not required.
Washington Required if Decedent was a legal resident of Washington and died before 1 January 1982.
West Virginia Required if Decedent was a legal resident of West Virginia and died before 1 July 1985.
Wisconsin Required if Decedent was a legal resident of Wisconsin and died on or before 2 January 1992.
Wyoming Not required.

Mail all of the completed documents along with the stock certificates (if applicable) to the address below:

Main mailing address:

Computershare
Shareholder Services
P.O. Box 43010
Providence, RI 02940-3010

For overnight deliveries only:

Computershare
250 Royall Street
Canton, MA 02021

When mailing stock certificates, we recommend that you send certificates or any valuable documents by registered or certified mail, with return receipt requested or some other form of trackable mail. If you are concerned about mail loss, you should also insure your certificates against such a possibility. Insurance premiums to replace lost certificates are 3% of the current market value of your shares.

Deceased stockholder-single account

Example of Old Registration : John Peterson

Example of New Registration: (to estate)
Elaine Peterson Executrix for the Estate of John Peterson

Example of New Registration: ( to heir) : Sarah Jones

In order to transfer shares from a deceased stockholder's account, please follow these instructions:

1) If you are transferring stock certificates, send in the outstanding shares in certificate form. If you are unable to locate all of your certificates, please contact us immediately so that we may begin replacement procedures.

2) A certified copy of the Court Appointment of the Estate Representative dated within 60 days of the request for transfer. This document is received when the estate is probated.

3) An Affidavit of Residence for the deceased stockholder properly executed and notarized. This document will confirm the state of residence at the time of death for tax purposes.

4) The Transfer of Ownership form. In addition to accessing the form off this link, it is also found on the back of a stock certificate or the back of the Investor Services Program Statement. The form should be signed by the Estate Representative(s). The signature(s) must be medallion guaranteed by an institution such as a commercial bank, trust company, credit union, or brokerage firm participating in a medallion program. Include the following information:

a) the name, address, taxpayer identification number for the new owner(s)

b) the number of shares represented by stock certificates and/or Investor Services Program and/or Employees Stock Purchase Plan book entry shares that will be transferred to each person

c) If you are transferring certificate shares and there are book entry shares that are enrolled in the Investor Services Program and/or Employees Stock Purchase Plan, please indicate if you choose to have these shares also transferred to the new account.

5) Please indicate in a letter whether the new account should be enrolled in the IBM Dividend Reinvestment Plan.

6) An original Inheritance Tax Waiver (or Consent to Transfer) from the state where the deceased stockholder lived may also be required. Please refer to the State Inheritance Tax Waiver Requirements table (see below) for more specific information.

Mail all of the completed documents along with the stock certificates (if applicable) to the address below:

Main mailing address:

Computershare
Shareholder Services
P.O. Box 43010
Providence, RI 02940-3010

For overnight deliveries only:

Computershare
250 Royall Street
Canton, MA 02021

When mailing stock certificates, we recommend that you send certificates or any valuable documents by registered or certified mail, with return receipt requested or some other form of trackable mail. If you are concerned about mail loss, you should also insure your certificates against such a possibility. Insurance premiums to replace lost certificatesare 3% of the current market value of your shares.

State Inheritance Tax Waiver Requirements
State Description
Alabama If Decedent was a legal resident of Alabama, waiver is required for all transfers.
Alaska Not required.
Arizona Required if Decedent was a legal resident of Arizona and stock is a corporation incorporated in Arizona.
Arkansas Not required.
California Required if Decedent was a legal resident of California and died on or before 9 June 1982.
Colorado Not required.
Connecticut If a Decedent was a legal resident of Connecticut, a tax waiver is required for all transfers. However, if stock is being transferred to the surviving spouse, no waiver is required.
Delaware Not required.
Florida Not required.
Georgia Not required.
Hawaii Required if Decedent was a legal resident of Hawaii and died before 1 July 1983 and stock is of a corporation incorporated in Hawaii.
Idaho Not required.
Illinois Required if Decedent was a legal resident of Illinois and died before 1 January 1983.
Indiana Required if Decedent was a legal resident of Indiana for all corporations. No waiver is required if the stock is being transferred to the surviving spouse.
Iowa Required if Decedent was a legal resident of Iowa and the estate was not probated and the stock is of a corporation in Iowa.
Kansas Not required.
Kentucky Not required.
Louisiana Required if Decedent was a legal resident of Louisiana and stock is of a corporation incorporated in Louisiana. However, if probate or court order states that tax has been paid, no consent or inheritance tax waiver is required.
Maine Not required.
Maryland Not required.
Massachusetts Not required.
Michigan Not required.
Minnesota Not required.
Mississippi Not required.
Missouri Not required.
Montana Required if Decedent was a legal resident of Montana.
Nebraska Not required.
Nevada Not required.
New Hampshire Required if a Decedent was a legal resident of New Hampshire and the stock is of a corporation incorporated in New Hampshire.
New Jersey An inheritance tax waiver is required if the Decedent was a legal resident of New Jersey and stock is of a corporation incorporated in New Jersey. However, an Affidavit of Waiver should be used in the following situations: "When the transfer is to the surviving spouse and the death occurred after 1 July 1987", and "When the transfer is to a beneficiary who is a kin and death occurred after 1 July 1988".
New Mexico Not required.
New York If the Decedent was a legal resident of New York who died before 1 July 1978 and the current market value of the shares is $2,000 or more, a tax waiver is required for all corporations. A tax waiver is required if the Decedent died after 1 July 1978 and the current market value of the shares is $30,000 or more. However, a tax waiver is not required if the shares are registered in joint tenancy with the husband and wife and the shares are being transferred to a surviving spouse.
North Carolina Not required.
North Dakota Not required.
Ohio If Decedent was a legal resident of Ohio, a tax waiver is required. However, if stock is being transferred to the surviving spouse, no waiver or consent to transfer is required.
Oklahoma If Decedent was a legal resident of Oklahoma, a tax waiver is required. However, no waiver is required for any property passing to the surviving spouse either through the estate of the Decedent or by joint tenancy.
Oregon Required if Decedent was a legal resident of Oregon and died on or before 1 January 1987.
Pennsylvania Not required.
Puerto Rico Required if Decedent was a legal resident of Puerto Rico.
Rhode Island Not required.
South Carolina Not required.
South Dakota If Decedent was a legal resident of South Dakota, a tax waiver is required. However, no waiver is required if death occurred after 4 July 1983 and stock is held in joint tenancy between husband and wife and is being transferred to the surviving spouse.
Tennessee If Decedent was a legal resident of Tennessee, a tax waiver is required. However, no tax waiver or consent is required for property passing to the surviving spouse, tenant by entirety or joint tenant.
Texas Not required.
Utah Required if Decedent was a legal resident of Utah and died before 1 January 1977.
Vermont Not required.
Washington Required if Decedent was a legal resident of Washington and died before 1 January 1982.
West Virginia Required if Decedent was a legal resident of West Virginia and died before 1 July 1985.
Wisconsin Required if Decedent was a legal resident of Wisconsin and died on or before 2 January 1992.
Wyoming Not required.

Into a custodial registration

Example of Old Registration : Peter Brown and Sarah Brown Jt Ten

Example of New Registration : Sarah Brown Cust Richard Brown under MA (State of Residence) Uniform Gifts to Minors Act or Uniform Transfers to Minors Act

Please note that a child should not own stock in his or her own name. In order to transfer shares to a child, a custodian should be appointed. Please submit the following instructions:

1) If you are transferring stock certificates, send in the outstanding shares in certificate form. If you are unable to locate all of your certificates, please contact us immediately so that we may begin replacement procedures.

2) Complete a Transfer of Ownership form, the back of your certificates, or the back of your Investor Services Program Statement. This document must be endorsed exactly as the shares are registered on the face of the certificate(s) or statement. The signatures must be medallion guaranteed from an institution such as a commercial bank, trust company, credit union, or brokerage firm participating in a medallion program. Include the following information:

  1. a) the name, social security number and address of the child
  2. b) the name of the custodian and the state under which the uniform transfers/gift to minors act was created.
  3. c) the number of certificates and/or Investor Services Program book entry shares or Employees Stock Purchase Plan book entry shares that will be transferred to each new account.
  4. d) If you are transferring certificate shares and there are shares that are in the Investor Services Program, please indicate if you choose to have these shares also transferred to the new account.

Mail all of the completed documents along with your stock certificates (if applicable) to the address below:

Regular mail:

IBM Stockholder Services
c/o Computershare
Transfer Team
P.O. Box 43072
Providence, RI 02940-3072

Overnight mail:

IBM Stockholder Services
c/o Computershare
Transfer Team
250 Royall Street
Canton, MA 02021

When mailing stock certificates, we suggest that you send them by certified or registered mail and insure them for 3% of the current market value (minimum of $20.00) which is the approximate cost to replace the certificates if they are lost .

Into a trust registration

Example of Old Registration : Robert Smith and Kim Smith

Example of New Registration : Robert Smith & Kim Smith Trustees (or TTEES) U/A DTD 31 December 1997 The Smith Family Revocable Living Trust

In order to transfer shares into a living trust, please follow these instructions:

1) If you are transferring stock certificates, send in the outstanding shares in certificate form. If you are unable to locate all of your certificates, please contact us immediately so that we may begin replacement procedures.

2) Complete a Transfer of Ownership form, the back of your certificates, or the back of your Investor Services Program Statement. This document must be endorsed exactly as the shares are registered on the face of the certificate(s) or statement. The signatures must be medallion guaranteed from an institution such as a commercial bank, trust company, credit union, or brokerage firm participating in a medallion program. Include the following information:

  1. a) the name of the trustee(s), the date of the trust, the name of the trust, and the taxpayer identification number for the trust
  2. b) the number of certificates and/or Investor Services Program book entry shares or Employees Stock Purchase Plan book entry shares that will be transferred to the trust(s)
  3. c) If you are transferring certificate shares and there are shares that are in the Investor Services Program and/or the Employees Stock Purchase Plan, please indicate if you choose to have these shares also transferred to the new account.

Mail all of the completed documents along with your stock certificates (if applicable) to the address below:

Regular mail:

IBM Stockholder Services
c/o Computershare
Transfer Team
P.O. Box 43072
Providence, RI 02940-3072

Overnight mail:

IBM Stockholder Services
c/o Computershare
Transfer Team
250 Royall Street
Canton, MA 02021

When mailing stock certificates, we suggest that you send them by certified or registered mail and insure them for 3% of the current market value (minimum of $20.00) which is the approximate cost to replace the certificates if they are lost.

Legal name change

Example of Old Registration : Alice Brown
Example of New Registration : Alice Richards

In order to re-register your shares as a result of a legal name change, please follow these instructions:

1) If you are reissuing stock certificates, send in the outstanding shares in certificate form. If you are unable to locate all of your certificates, please contact us immediately so that we may begin replacement procedures.

2) Complete a Transfer of Ownership form, the back of your certificates, or the back of your Investor Services Program Statement. The signature(s) must be medallion guaranteed by an institution such as a commercial bank, trust company, credit union, or brokerage firm participating in a medallion program. Include the following information:

a) The person who is changing their name should sign the transfer of ownership form by their "old name" now known as "new name." Any other registered owner of the stock also needs to endorse the Transfer of Ownership form.

b) the name, address, taxpayer identification number for the new owner

c) the number of certificates and/or Investor Services Program book entry shares and/or Employees Stock Purchase Plan that will be reissued to the new account

d) If you are reregistering certificate shares and there are book entry shares that are in the Investor Services Program or Employees Stock Purchase Plan, please indicate if you choose to have these shares also reregistered to the new account.

Mail all of the completed documents along with your stock certificates (if applicable) to the address below:

Regular mail:

IBM Stockholder Services
c/o Computershare
Transfer Team
P.O. Box 43072
Providence, RI 02940-3072

Overnight mail:

IBM Stockholder Services
c/o Computershare
Transfer Team
250 Royall Street
Canton, MA 02021

When mailing stock certificates, we suggest that you send them by certified or registered mail and insure them for 3% of the current market value(minimum of $20.00) which is the approximate cost to replace the certificates if they are lost .

Non U.S. citizen

If you are not a U.S. Citizen or are a U.S. Citizen living abroad, please contact us at ibm@computershare.com in order to obtain the necessary transfer requirements. Please be sure to include the name of the registered owner(s) exactly as it appears on your account, the account number that appears on your certificate(s) or your Investor Services Program Statement or Employees Stock Purchase Plan statement and the type of transfer that you are requesting.

Other

If none of the transfer requirements in the "transferring shares" category refer to your particular situation, please contact us at ibm@computershare.com in order to obtain the necessary transfer requirements. Please be sure to include the name of the registered owner(s) exactly as it appears on your account and the account number that appears on your certificates(s) or Investor Services Program Statement or your Employee Stock Purchase Plan statement and the type of transfer that you are requesting.

To new owner(s)

Example of old registration: Alice Brown
Example of new registration: Joan Smith

In order to transfer stock, please submit the following:

1) If some or all of the stock is in certificate form, all such physical certificates representing the shares you would like to transfer. If you are unable to locate all of your stock certificates, please contact us. If you are transferring book-entry shares (statement) you may proceed to the next requirement.

2) A completed Transfer of Ownership Form (PDF, 996KB) signed by the registered owner(s) listed on the certificate(s) or statement. The signature(s) must be Medallion Signature Guaranteed by an eligible Guarantor Institution such as a Commercial Bank, Broker, or Credit Union. In the case of a legal name change, such as in a marriage, the form must be signed using your old name, which is the name that currently appears on the account.
This form must be submitted in hard copy.

Print and complete the transfer of ownership form.

3)When completing the "New Account Information" section of the Transfer of Ownership Form (PDF, 996KB) , please indicate the type of registration you would like to establish by selecting the appropriate option, individual, etc.

4) Mail the completed form along with your stock certificates (if applicable) to the address below:

Main mailing address:

Computershare
IBM Stock Transfer Team
P.O. Box 43070
Providence, RI 02940-3070

For overnight deliveries only:

Computershare
IBM Stock Transfer Team
250 Royall Street
Canton, MA 02021

We suggest you mail certificates by certified or registered mail and insure them for 3% of market value, covering the approximate cost for replacing such shares should they be lost or stolen in transit.

Transferring shares to a brokerage account

To transfer your securities to a stock brokerage account, contact your broker to request them to initiate the transfer request. Your broker will require specific information about your account with us, including:

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