3M CO — Director's Dealing 2012

Feb 22, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: 3M CO (MMM)
CIK: 0000066740
Period of Report: 2012-02-21

Reporting Person: THULIN INGE G (Director, President & CEO, eff 2-24-2012)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-21	Common Stock	M	14691	$64.50	Acquired	40647	Direct
2012-02-21	Common Stock	F	10817	$87.60	Disposed	29830	Direct
2012-02-21	Common Stock	F	1654	$87.60	Disposed	28176	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-21	Non-qualified Stock Option (Right to Buy)	$64.50	M	14691	Disposed	2012-05-14	Common Stock (14691)	Direct

Footnotes

F1: This Form is being filed to report the exercise of a 3M stock option for a total of 14,691 shares by means of a stock swap. A stock swap is a method of exercising a stock option in which the option holder attests to the ownership of enough shares of stock already owned by the option holder to cover the exercise price of the option being exercised. As a result of this stock swap, the reporting person acquired ownership of an additional 2,220 shares of 3M common stock. As a result of this transaction, 1,654 shares were sold to pay withholding taxes to the respective government agencies.