SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

PALMISANO SAMUEL J

(Last)

(First)

(Middle)

IBM CORPORATION

ONE NEW ORCHARD ROAD

(Street)

ARMONK

10504

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
INTERNATIONAL BUSINESS MACHINES CORP [ IBM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chairman, Pres., and CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/01/2010

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/01/2010		S		100	D	$142.425	161,642.2067	D
Common Stock	11/01/2010		S		6,650	D	$142.43	154,992.2067	D
Common Stock	11/01/2010		S		100	D	$142.435	154,892.2067	D
Common Stock	11/01/2010		S		400	D	$142.4375	154,492.2067	D
Common Stock	11/01/2010		S		2,000	D	$142.44	152,492.2067	D
Common Stock	11/01/2010		S		3,627	D	$142.45	148,865.2067	D
Common Stock	11/01/2010		S		34	D	$142.4555	148,831.2067	D
Common Stock	11/01/2010		S		33	D	$142.458	148,798.2067	D
Common Stock	11/01/2010		S		1,933	D	$142.46	146,865.2067	D
Common Stock	11/01/2010		S		1,000	D	$142.464	145,865.2067	D
Common Stock	11/01/2010		S		4,970	D	$142.47	140,895.2067	D
Common Stock	11/01/2010		S		5,850	D	$142.48	135,045.2067	D
Common Stock	11/01/2010		S		100	D	$142.481	134,945.2067	D
Common Stock	11/01/2010		S		3,122	D	$142.485	131,823.2067	D
Common Stock	11/01/2010		S		50	D	$142.486	131,773.2067	D
Common Stock	11/01/2010		S		3,285	D	$142.49	128,488.2067	D
Common Stock	11/01/2010		S		700	D	$142.495	127,788.2067	D
Common Stock	11/01/2010		S		400	D	$142.4975	127,388.2067	D
Common Stock	11/01/2010		S		2,280	D	$142.5	125,108.2067	D
Common Stock	11/01/2010		S		900	D	$142.505	124,208.2067	D
Common Stock								706	I⁽¹⁾	daughter
Common Stock								926	I⁽¹⁾	son 1
Common Stock								706	I⁽¹⁾	son 2
Common Stock								260,764	I⁽¹⁾	spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The reporting person disclaims beneficial ownership of the securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Remarks:

Additional transactions will be shown on a subsequent Form 4.

	D. Cummins on behalf of S. J. Palmisano	11/02/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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