3M CO Reported by BUCKLEY GEORGE W FORM 4 (Statement of Changes in Beneficial Ownership) Filed 12/07/10 for the Period Ending 12/06/10 Address Telephone CIK Symbol SIC Code Industry Sector Fiscal Year 3M CENTER BLDG. 220-11W-02 ST PAUL, MN 55144-1000 6517332204 0000066740 MMM 3841 - Surgical and Medical Instruments and Apparatus Constr. - Supplies & Fixtures Capital Goods 12/31 http://www.edgar-online.com © Copyright 2015, EDGAR Online, Inc. All Rights Reserved. Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use. FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). OMB APPROVAL OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response... 0.5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 1. Name and Address of Reporting Person * 2. Issuer Name and Ticker or Trading Symbol 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) BUCKLEY GEORGE W 3M CO [ MMM ] (Last) (First) 3. Date of Earliest Transaction (MM/DD/YYYY) (Middle) (Street) (State) _____ Other (specify 4. If Amendment, Date Original Filed CHAIRMAN OF THE BOARD & CEO 6. Individual or Joint/Group Filing (Check (MM/DD/YYYY) Applicable Line) ST. PAUL, MN 55144-1000 (City) _____ 10% Owner __ X __ Officer (give title below) below) 12/6/2010 3M CENTER __ X __ Director _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Trans. Date 2A. 3. Trans. Deemed Code Execution (Instr. 8) Date, if any Code 12/6/2010 Common Stock (2) Price 5. Amount of Securities Beneficially Owned 6. Following Reported Transaction(s) Ownership Form: (Instr. 3 and 4) Direct (D) or Indirect (I) (Instr. 4) A $86.88 176039 D D $86.88 119329 D A $86.88 130126 D D $86.88 125515 D 7. Nature of Indirect Beneficial Ownership (Instr. 4) 56710 (2) 10797 M 12/6/2010 Common Stock 132808 F 12/6/2010 Common Stock (A) or V Amount (D) M 12/6/2010 Common Stock 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) (3) 4611 F (3) Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivate Security (Instr. 3) 2. 3. Trans. Conversion Date or Exercise Price of Derivative Security 3A. Deemed Execution Date, if any 4. Trans. Code (Instr. 8) 5. Number of 6. Date Exercisable Derivative and Expiration Date Securities Acquired (A) or Disposed of (D) 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) (Instr. 3, 4 and 5) Code V (A) Restricted Stock Units (1) 12/6/2010 Restricted Stock Units (1) 12/6/2010 (D) Date Expiration Title Exercisable Date Amount or Number of Shares M 132808 (4) (4) Common Stock 132808 $0 0 D M 10797 (5) (5) Common Stock 10797 $0 0 D Explanation of Responses: ( 1) Each restricted stock unit represents a contingent right to receive one share of 3M common stock. ( 2) Distribution of shares as a result of vesting of a portion of the restricted stock units (56,710 shares withheld for taxes). ( 3) Distribution of shares as a result of vesting of a portion of the restricted stock units (4,611 shares withheld for taxes). ( 4) The terms of the initial award (157,808 restricted stock units) provided for vesting as follows: 25,000 restricted stock units on 11. Nature of Indirect Beneficial Ownership (Instr. 4) 12/31/2006 and 132,808 on 12/6/2010. ( 5) The terms of the initial award (50,000 restricted stock units) provided for vesting in five equal annual installments on the anniversary of the grant date, 12/6/2005. Reporting Owners Reporting Owner Name / Address BUCKLEY GEORGE W 3M CENTER ST. PAUL, MN 55144-1000 Relationships Director 10% Owner Officer X Other CHAIRMAN OF THE BOARD & CEO Signatures George Ann Biros, attorney-in-fact for George W. Buckley 12/7/2010 ** 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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