FORM 4
☐

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person *
LAMOREAUX NICKLE JACLYN
 2. Issuer Name and Ticker or Trading Symbol
INTERNATIONAL BUSINESS MACHINES CORP [IBM] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President
(Last)
(First)
(Middle)

IBM CORPORATION, ONE NEW ORCHARD ROAD		 3. Date of Earliest Transaction (Month/Day/Year)
02/21/2023
(Street)

ARMONK, NY 10504
(City)
(State)
(Zip)
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing
(Check applicable line)

__X__ Form Filed by One Reporting Person
_____ Form Filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)

2. Transaction Date (Month/Day/Year)

2A. Deemed Execution Date, if any (Month/Day/Year)

3. Transaction Code (Instr. 8)

4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)

5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)

6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)

7. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

Amount

(A) or (D)

Price

Common Stock

02/21/2023 M 1,051A $ 0 16,554.987D 

Common Stock

02/21/2023 F 379D $133.00516,175.987D 


Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Rst. Stock Unit

 $ 0 (1) 02/21/2023 A (1)  6,952   (1)   (1)

Common Stock

6,952 $ 0 6,952D 

Emp. Stock Option (right to buy)

 $13302/21/2023 A 41,701 02/21/2024 (2) 02/20/2033 (2)

Common Stock

41,701 $ 0 41,701D 

Rst. Stock Unit

 $ 0 (3) 02/21/2023 M (4)   1,051  (3)   (3)

Common Stock

1,051 $ 0 3,155D 

Explanation of Responses:
1.

Upon lapse of the restrictions, these units are payable in cash or the company's common stock. The restrictions lapse for 1,738 of these units on February 21, 2024, 1,738 of these units on February 21, 2025, 1,738 of these units on February 21, 2026, and 1,738 of these units on February 21, 2027.

2.

These derivative securities vest in four equal annual installments, the first vesting being on the date exercisable shown. All expire on the expiration date shown above.

3.

These units were payable in cash or the company's common stock upon the lapse of the restrictions on the transaction date shown.

4.

Release of restricted stock units.



Signatures

D. Glowienka on behalf of N. J. LaMoreaux

02/23/2023
** Signature of Reporting PersonDate
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