3M CO — Director's Dealing 2021

Feb 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: 3M CO (MMM)
CIK: 0000066740
Period of Report: 2021-02-01

Reporting Person: Ludgate Kristen M (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-01	Common Stock	A	857.47	—	Acquired	3075.604	Direct
2021-02-01	Common Stock	F	417.816	—	Disposed	2657.788	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-02	Restricted Stock Units	$	A	2385	Acquired		Common Stock (2385)	Direct
2021-02-02	Non-qualified Stock Option (Right to Buy)	$175.02	A	16478	Acquired	2031-02-01	Common Stock (16478)	Direct

Footnotes

F1: Represents shares of 3M common stock that will be delivered pursuant to the terms of a performance share award made to the reporting person on March 1, 2018. The performance-based vesting requirements applicable to such award were satisfied on the date reported in Column 2 above, which represents the date on which the level of performance attained was certified.

F2: Includes shares acquired under 3M's General Employee Stock Purchase Plan.

F3: The number of shares withheld for taxes was estimated and will be revised by amendment if necessary.

F4: Each restricted stock unit represents a contingent right to receive one share of 3M common stock.

F5: The restricted stock units vest 100% three years from the grant date of February 2, 2021.

F6: The stock option will vest and become exercisable in a series of three equal installments on each of the first, second and third anniversary of the grant date.