3M CO — Director's Dealing 2003

Dec 5, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: 3M CO (MMMC)
CIK: 0000066740
Period of Report: 2003-12-04

Reporting Person: STAKE JAMES B (EXEC VP DISPLAY & GRAPHICS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-04	Common Stock	M	848	$24.1186	Acquired	10096	Direct
2003-12-04	Common Stock	F	252	$81.01	Disposed	9844	Direct
2003-12-04	Common Stock	F	194	$81.01	Disposed	9650	Direct
2003-12-04	Common Stock	M	1504	$28.6348	Acquired	11154	Direct
2003-12-04	Common Stock	F	531	$81.01	Disposed	10623	Direct
2003-12-04	Common Stock	F	317	$81.01	Disposed	10306	Direct
2003-12-04	Common Stock	M	2322	$31.5175	Acquired	12628	Direct
2003-12-04	Common Stock	F	903	$81.01	Disposed	11725	Direct
2003-12-04	Common Stock	F	463	$81.01	Disposed	11262	Direct
2003-12-04	Common Stock	M	8254	$43.35	Acquired	19516	Direct
2003-12-04	Common Stock	F	4416	$81.01	Disposed	15100	Direct
2003-12-04	Common Stock	F	1254	$81.01	Disposed	13846	Direct
2003-12-04	Common Stock	M	2908	$45.85	Acquired	16754	Direct
2003-12-04	Common Stock	F	1645	$81.01	Disposed	15109	Direct
2003-12-04	Common Stock	F	412	$81.01	Disposed	14697	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-04	Non-Qualified Stock Option (right to buy)	$24.1186	M	848	Disposed	2004-05-10	Common Stock (848)	Direct
2003-12-04	Non-Qualified Stock Option (right to buy)	$28.6348	M	1504	Disposed	2005-05-09	Common Stock (1504)	Direct
2003-12-04	Non-Qualified Stock Option (right to buy)	$31.5175	M	2322	Disposed	2006-05-14	Common Stock (2322)	Direct
2003-12-04	Non-Qualified Stock Option (right to buy)	$43.35	M	8254	Disposed	2010-05-09	Common Stock (8254)	Direct
2003-12-04	Non-Qualified Stock Option (right to buy)	$45.85	M	2908	Disposed	2007-05-13	Common Stock (2908)	Direct
2003-12-04	Non-Qualified Stock Option (right to buy)	$81.05	A	848	Acquired	2005-05-06	Common Stock (848)	Direct
2003-12-04	Non-Qualified Stock Option (right to buy)	$81.05	A	1366	Acquired	2006-05-12	Common Stock (1366)	Direct
2003-12-04	Non-Qualified Stock Option (right to buy)	$81.05	A	2057	Acquired	2007-05-11	Common Stock (2057)	Direct
2003-12-04	Non-Qualified Stock Option (right to buy)	$81.05	A	5670	Acquired	2010-05-07	Common Stock (5670)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	416	Indirect
Common Stock	2849	Indirect
Common Stock	152	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Option (right to buy)	$24.1186	2004-05-10	Common Stock (4146)	4146	Direct
Incentive Stock Option (right to buy)	$28.6348	2005-05-09	Common Stock (3490)	3490	Direct
Incentive Stock Option (right to buy)	$31.5175	2006-05-14	Common Stock (3172)	3172	Direct
Incentive Stock Option (right to buy)	$43.35	2010-05-09	Common Stock (2306)	2306	Direct
Incentive Stock Option (right to buy)	$45.85	2007-05-13	Common Stock (2180)	2180	Direct
Incentive Stock Option (right to buy)	$46.675	2008-05-12	Common Stock (2142)	2142	Direct
Incentive Stock Option (right to buy)	$47.5	2009-05-10	Common Stock (2104)	2104	Direct
Incentive Stock Option (right to buy)	$58.625	2011-05-08	Common Stock (1704)	1704	Direct
Non-Qualified Stock Option (right to buy)	$46.675	2008-05-12	Common Stock (8418)	8418	Direct
Non-Qualified Stock Option (right to buy)	$47.5	2009-05-10	Common Stock (8456)	8456	Direct
Non-Qualified Stock Option (right to buy)	$58.625	2011-05-08	Common Stock (14096)	14096	Direct
Non-Qualified Stock Option (right to buy)	$61.85	2013-05-12	Common Stock (39550)	39550	Direct
Non-Qualified Stock Option (right to buy)	$64.5	2012-05-14	Common Stock (18328)	18328	Direct

Footnotes

F1: On September 29, 2003, the common stock of 3M Company split 2-for-1. The shares of common stock reported on Table I and all options reported on Table II have been adjusted to reflect the split.

F2: The indirectly-held common stock holding (401k/PAESOP) reported in Table I includes shares acquired during the fiscal year pursuant to the 3M Voluntary Investment Plan.