LEUNG SANDRA Form 4 Filed 2023-03-14

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 ^*

LEUNG SANDRA

2. Issuer Name and Ticker or Trading Symbol
BRISTOL MYERS SQUIBB CO [BMY]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
EVP, General Counsel

(Last)

(First)

(Middle)

BRISTOL-MYERS SQUIBB COMPANY, 430 E. 29TH STREET, 14 FLOOR

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2023

(Street)

NEW YORK, NY 10016

(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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, $0.10 par value	03/10/2023		M		6,272⁽¹⁾	A	$ 0	314,899.333	D
Common Stock, $0.10 par value	03/10/2023		J		2,287⁽²⁾	A	$ 0	317,186.333	D
Common Stock, $0.10 par value	03/10/2023		F		4,375⁽³⁾	D	$65.71	312,811.333	D
Common Stock, $0.10 par value	03/10/2023		M		5,787⁽⁴⁾	A	$ 0	318,598.333	D
Common Stock, $0.10 par value	03/10/2023		J		1,070⁽²⁾	A	$ 0	319,668.333	D
Common Stock, $0.10 par value	03/10/2023		F		3,505⁽³⁾	D	$65.71	316,163.333	D
Common Stock, $0.10 par value	03/10/2023		M		5,856⁽⁵⁾	A	$ 0	322,019.333	D
Common Stock, $0.10 par value	03/10/2023		J		961⁽²⁾	A	$ 0	322,980.333	D
Common Stock, $0.10 par value	03/10/2023		F		3,485⁽³⁾	D	$65.71	319,495.333	D
Common Stock, $0.10 par value	03/10/2023		M		5,349⁽⁶⁾	A	$ 0	324,844.333	D
Common Stock, $0.10 par value	03/10/2023		J		173⁽²⁾	A	$ 0	325,017.333	D
Common Stock, $0.10 par value	03/10/2023		F		2,823⁽³⁾	D	$65.71	322,194.333	D
Common Stock, $0.10 par value	03/10/2023		M		34,726⁽⁷⁾	A	$ 0	356,920.333	D
Common Stock, $0.10 par value	03/10/2023		J		4,240⁽⁸⁾	A	$ 0	361,160.333	D
Common Stock, $0.10 par value	03/10/2023		F		19,916⁽³⁾	D	$65.71	341,244.333	D
Common Stock, $0.10 par value								6,998.06⁽⁹⁾	I	BMS Savings and Investment Program
Common Stock, $0.10 par value								83,606⁽¹⁰⁾	I	Trust

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Market Share Units

⁽¹¹⁾

03/10/2023

6,272

⁽¹⁾

03/10/2023

Common Stock, $0.10 par value

6,272

$ 0

Market Share Units

⁽¹¹⁾

03/10/2023

5,787

⁽⁴⁾

03/10/2024

Common Stock, $0.10 par value

5,787

$ 0

5,789

Market Share Units

⁽¹¹⁾

03/10/2023

5,856

⁽⁵⁾

03/10/2025

Common Stock, $0.10 par value

5,856

$ 0

11,714

Market Share Units

⁽¹²⁾

03/10/2023

5,349

⁽⁶⁾

03/10/2026

Common Stock, $0.10 par value

5,349

$ 0

16,049

Market Share Units

⁽¹²⁾

03/10/2023

21,663

⁽¹³⁾

03/10/2027

Common Stock, $0.10 par value

21,663

$ 0

21,663

Performance Shares

⁽¹⁴⁾

03/10/2023

34,726

⁽¹⁴⁾

03/10/2023

Common Stock, $0.10 par value

34,726

$ 0

Performance Shares

⁽¹⁵⁾

03/10/2023

32,494

⁽¹⁵⁾

03/10/2026

Common Stock, $0.10 par value

32,494

$ 0

32,494

Explanation of Responses:

1.	Represents vesting of one-quarter of market share units granted on March 10, 2019.
2.	Adjustment reflects additional shares acquired upon the vesting of market share units due to the performance factor.
3.	Shares withheld for payment of taxes upon vesting of award.
4.	Represents vesting of one-quarter of market share units granted on March 10, 2020.
5.	Represents vesting of one-quarter of market share units granted on March 10, 2021.
6.	Represents vesting of one-quarter of market share units granted on March 10, 2022.
7.	Amount represents distribution of performance shares earned under the 2020-2022 Long-Term Performance Award.
8.	Adjustment to Award based on the performance factor applied in accordance with the terms of the Award and certification of performance results by the Board.
9.	Based on recent 401(k) plan statement.
10.	Shares held in a Spousal Lifetime Access Trust (SLAT).
11.	Each market share unit converts into the number of shares of common stock determined by applying a payout factor to the target number of shares vesting on a given date. The payout factor is a ratio of the average of the closing price on the measurement date plus the nine prior trading days divided by the average stock price on the grant date (also a 10-day average). The minimum payout factor that must be achieved to earn a payout is 60% and the maximum payout factor is 200%.
12.	Each market share unit converts into the number of shares of common stock determined by applying a payout factor to the target number of shares vesting on a given date. The payout factor is a ratio of the average of the closing price on the measurement date plus the nine prior trading days divided by the average stock price on the grant date (also a 10-day average). The minimum payout factor that must be achieved to earn a payout is 80% and the maximum payout factor is 225%.
13.	Twenty-five percent of these market share units will vest on each of the first, second, third and fourth anniversaries of the grant date.
14.	Each performance share unit converts into one share of common stock upon distribution in the first quarter of 2023, subject to a Total Shareholder Return.
15.	Each performance share unit converts into one share of common stock upon distribution in the first quarter of 2026.

	Signatures
	/s/ Lisa A. Atkins, attorney-in-fact for Sandra Leung	03/14/2023
	** Signature of Reporting Person	Date
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