Executive compensation

Outstanding equity awards at fiscal year-end

Option Awards (Columns (b) - (f))


Stock Awards (Columns (g) - (j))


Number of Shares or Units of Stock That Have Not Vested (Column (g))

The amounts in this column are the number of RRSUs that were outstanding as of December 31, 2013. There were no outstanding RSU awards as of December 31, 2013.


Market Value of Shares or Units of Stock That Have Not Vested (Column (h))

The amounts in this column are the value of RRSU awards disclosed in column (g), calculated by multiplying the number of units by the closing price of IBM stock on the last business day of the 2013 fiscal year ($187.57).


Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (Column (i))

The amounts in this column are the number of PSUs that were outstanding as of December 31, 2013.


Performance Share Units

2013 OUTSTANDING PSU AWARD PAYOUT LEVELS

 
Name Grant Date Threshold Target Maximum
V.M. Rometty 06/08/2011 8,170 32,680 49,020
  06/08/2012 12,500 50,000 75,000
  01/02/2013 15,958 63,830 95,745
M. Loughridge 06/08/2011 6,536 26,144 39,216
  06/08/2012 5,938 23,750 35,625
  06/07/2013 6,845 27,381 41,072
J.E. Kelly III 06/08/2011 5,392 21,569 32,354
  06/08/2012 4,750 19,000 28,500
  06/07/2013 6,310 25,239 37,859
R.C. Weber 06/08/2011 4,739 18,955 28,433
  06/08/2012 4,375 17,500 26,250
  06/07/2013 4,167 16,667 25,001
S.A. Mills 06/08/2011 5,719 22,876 34,314
  06/08/2012 6,250 25,000 37,500
  06/07/2013 5,953 23,810 35,715
Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested (Column (j))
 

The amounts in this column are the values of PSU awards disclosed in column (i), calculated by multiplying the number of units by the closing price of IBM stock on the last business day of the 2013 fiscal year ($187.57).


2013 OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END TABLE

  Option Awards Stock Awards
Name
(a)
Grant Date Number of Securities Underlying Unexercised Options (#) Exercisable (2)
(b)
Number of Securities Underlying Unexercised
Options (#) Unexercisable (3)
(c)
Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#)
(d)
Option Exercise Price (4) ($)
(e)
Option Expiration Date
(f)
Type of Award Grant
Date
Number
of
Shares
or Units
of Stock That
Have Not Vested (6) (#)
(g)
Market Value of Shares
or Units
of Stock
That Have Not
Vested (7) ($)
(h)
Type of Award Grant
Date
Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights
That Have Not Vested (8) (#)
(i)
Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested (7)
($)
(j)
V.M.Rometty 03/08/2005 25,680 0 N/A $101.33(5) 03/07/2015 N/A       PSU 06/08/2011 49,020 $9,194,681
  03/08/2005(1) 1,998 0 N/A 92.12 03/07/2015         PSU 06/08/2012 75,000 14,067,750
  07/26/2005 23,518 0 N/A 92.51(5) 07/25/2015         PSU 01/02/2013 95,745 17,958,890
  05/08/2006 21,456 0 N/A 91.04(5) 05/07/2016                
TOTAL   72,652 0           0 $0     219,765 $41,221,321
M.Loughridge N/A           N/A       PSU 06/08/2011 39,216 $7,355,745
                      PSU 06/08/2012 35,625 6,682,181
                      PSU 06/07/2013 41,072 7,703,875
TOTAL   0 0           0 $0     115,913 $21,741,801
J.E. Kelly III 03/08/2005 21,972 0 N/A $101.33(5) 03/07/2015 N/A       PSU 06/08/2011 32,354 $6,068,640
  03/08/2005(1) 4,495 0 N/A 92.12 03/07/2015         PSU 06/08/2012 28,500 5,345,745
  05/08/2006 23,321 0 N/A 91.04(5) 05/07/2016         PSU 06/07/2013 37,859 7,101,213
  05/08/2006(1) 7,378 0 N/A 82.76 05/07/2016                
  05/08/2007(1) 6,698 0 N/A 102.80 05/07/2017                
TOTAL   63,864 0           0 $0     98,713 $18,515,598
R.C. Weber N/A           RRSU 01/02/2013 7,979 $1,496,621 PSU 06/08/2011 28,433 $5,333,178
                      PSU 06/08/2012 26,250 4,923,713
                      PSU 06/07/2013 25,001 4,689,438
TOTAL   0 0           7,979 $1,496,621     79,684 $14,946,329
S.A. Mills N/A           RRSU 11/01/2012 22,278 $4,178,684 PSU 06/08/2011 34,314 $6,436,277
                      PSU 06/08/2012 37,500 7,033,875
                      PSU 06/07/2013 35,715 6,699,063
TOTAL   0 0           22,278 $4,178,684     107,529 $20,169,215
 

Type of Award:
PSU = Performance Share Unit
RRSU = Retention Restricted Stock Unit


(1) These options were granted under the Buy-First Program. See the 2013 Summary Compensation Table Narrative for additional information about this program.

(2) Option awards shown in this column vested 25% per year on the first through the fourth anniversaries of the respective grant dates, except for options granted under the Buy-First Program, which vested 100% on the third anniversary of the respective grant dates.

(3) As of December 31, 2013, there were no unexercisable options for the named executive officers.

(4) The exercise prices shown in this column are equal to the average high and low prices of IBM common stock on the New York Stock Exchange (NYSE) on the date of grant, except for premium-priced options.

(5) These options are premium-priced options, which have an exercise price equal to 110% of the average of the high and low prices of IBM common stock on the NYSE on the date of grant.

(6) The amounts shown in column (g) of the 2013 Outstanding Equity Awards at Fiscal Year-End Table are RRSU awards that have not yet vested. See the 2013 Summary Compensation Table Narrative for additional information on these types of awards. The table below shows the vesting schedules for these outstanding awards. Mr. Weber's award vests on June 30, 2014, and Mr. Mills's award vests on December 31, 2015.

Vesting Schedule for Unvested RRSUs

 
  Vesting Schedule
Name Type of Award Grant Date 2014 2015
V.M. Rometty N/A      
M. Loughridge N/A      
J.E. Kelly III N/A      
R.C. Weber RRSU 01/02/2013 7,979  
S.A. Mills RRSU 11/01/2012   22,278

(7) Values in these columns are calculated by multiplying the number of units by the closing price of IBM stock on the last business day of the 2013 fiscal year ($187.57).

(8) The amounts shown in column (i) of the 2013 Outstanding Equity Awards at Fiscal Year-End Table are PSU awards that have not yet vested. See the 2013 Summary Compensation Table Narrative for additional information on PSU awards. The table below shows the vesting schedules for these outstanding PSU awards (reflecting Maximum payout), all of which are paid out in February following the end of the performance period.

Vesting Schedule for Unvested PSUs

 
  Vesting Schedule
Name Grant Date Feb. 2014 Feb. 2015 Dec. 2015
V.M. Rometty 06/08/2011 49,020    
  06/08/2012   75,000  
  01/02/2013     95,745
M. Loughridge 06/08/2011 39,216    
  06/08/2012   35,625  
  06/07/2013     41,072
J.E. Kelly III 06/08/2011 32,354    
  06/08/2012   28,500  
  06/07/2013     37,859
R.C. Weber 06/08/2011 28,433    
  06/08/2012   26,250  
  06/07/2013     25,001
S.A. Mills 06/08/2011 34,314    
  06/08/2012   37,500  
  06/07/2013     35,715