Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities:

Refer to page 142 of IBM’s 2019 Annual Report to Stockholders, which is incorporated herein by reference solely as it relates to this item.

IBM common stock is listed on the New York Stock Exchange and the Chicago Stock Exchange under the symbol “IBM.” There were 380,707 common stockholders of record at February 10, 2020.

The following table provides information relating to the company’s repurchase of common stock for the fourth quarter of 2019.


	Total Number of Shares Purchased	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Program	Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program*
October 1, 2019— October 31, 2019	—	$	—	—	$	2,007,611,768
November 1, 2019— November 30, 2019	—	$	—	—	$	2,007,611,768
December 1, 2019— December 31, 2019	—	$	—	—	$	2,007,611,768
Total	—	$	—	—

* On October 30, 2018, the Board of Directors authorized $4.0 billion in funds for use in the company’s common stock repurchase program. The company stated that it would repurchase shares on the open market or in private transactions depending on market conditions. The common stock repurchase program does not have an expiration date. This table does not include shares tendered to satisfy the exercise price in connection with cashless exercises of employee stock options or shares tendered to satisfy tax withholding obligations in connection with employee equity awards.

The company’s acquisition of Red Hat on July 9, 2019, was funded through a combination of debt and cash, with incremental debt issued earlier in 2019. The company suspended its share repurchase program at the time of closing. At December 31, 2019 there was approximately $2.0 billion in authorized funds remaining for purchases under this program.

Previous: Item 4. Mine Safety Disclosures: · Next: Item 6. Selected Financial Data: