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INTERNATIONAL BUSINESS MACHINES CORP Director's Dealing 2003

Jun 16, 2003

Director's Dealing

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Issuer: INTERNATIONAL BUSINESS MACHINES CORP (IBM)
CIK: 0000051143
Period of Report: 2003-06-13

Reporting Person: GREENE JESSE J JR (VP, Treasurer)

F1: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2: Acquisition of phantom stock units under the IBM Executive Deferred Compensation Plan.

F3: Distribution of phantom stock units under the IBM Executive Deferred Compensation Plan is deferred until separation from IBM.