Michael Severino - May 23, 2022 Form 4 Insider Report for AbbVie Inc. (ABBV)

Role
Vice Chairman
Signature
Steven L. Scrogham, attorney-in-fact for Michael Severino
Stock symbol
ABBV
Transactions as of
May 23, 2022
Transactions value $
-$12,041,780
Form type
4
Date filed
5/25/2022, 04:58 PM
Previous filing
May 18, 2022
Next filing
May 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABBV Common Stock, $0.01 par value Options Exercise $5.3M +46.3K +30.45% $114.36 198K May 23, 2022 Direct
transaction ABBV Common Stock, $0.01 par value Options Exercise $1.1M +11.7K +5.92% $93.50 210K May 23, 2022 Direct
transaction ABBV Common Stock, $0.01 par value Options Exercise $2.3M +21.7K +10.34% $105.92 232K May 23, 2022 Direct
transaction ABBV Common Stock, $0.01 par value Sale -$10.3M -68.2K -29.41% $150.79 164K May 23, 2022 Direct F1
transaction ABBV Common Stock, $0.01 par value Sale -$1.76M -11.6K -7.09% $151.53 152K May 23, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ABBV Option (Right to Buy) Options Exercise -$5.3M -46.3K -100% $114.36 0 May 23, 2022 Common Stock 46.3K $114.36 Direct F3
transaction ABBV Option (Right to Buy) Options Exercise -$1.1M -11.7K -23.52% $93.50 38.2K May 23, 2022 Common Stock 11.7K $93.50 Direct F3
transaction ABBV Option (Right to Buy) Options Exercise -$2.3M -21.7K -33.33% $105.92 43.5K May 23, 2022 Common Stock 21.7K $105.92 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $150.13 to $151.12 inclusive. The reporting person undertakes to provide AbbVie Inc., any security holder of AbbVie Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $151.13 to $151.58 inclusive. The reporting person undertakes to provide AbbVie Inc., any security holder of AbbVie Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Employee stock option granted pursuant to the AbbVie Amended and Restated 2013 Incentive Stock Program in a transaction exempt from Section 16 under Rule 16b-3.

Remarks:

The option exercise and sale transactions were made pursuant to a previously adopted plan complying with Rule 10b5-1(c).