3M CO Reported by PALENSKY FRED J FORM 4 (Statement of Changes in Beneficial Ownership) Filed 02/18/10 for the Period Ending 02/17/10 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. 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 FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). 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) PALENSKY FRED J 3M CO [ MMM ] (Last) (First) _____ Director 3. Date of Earliest Transaction (MM/DD/YYYY) (Middle) __ X __ Officer (give title below) below) 2/17/2010 3M CENTER (Street) (State) _____ Other (specify 4. If Amendment, Date Original Filed EXEC VP R&D & CHF TECH OFF 6. Individual or Joint/Group Filing (Check (MM/DD/YYYY) Applicable Line) ST. PAUL, MN 55144-1000 (City) _____ 10% Owner _ 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 2/17/2010 Common Stock (A) or V Amount (D) 234.353 M (3) 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 $78.72 50816.353 D D $78.72 50582 D 7. Nature of Indirect Beneficial Ownership (Instr. 4) 234.353 2/17/2010 Common Stock 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 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) $0 7387.647 D (Instr. 3, 4 and 5) Code V (A) Restricted Stock Units (1) 2/17/2010 M (D) Date Expiration Title Exercisable Date 234.353 (3) (2) (2) Amount or Number of Shares Common Stock 234.353 Explanation of Responses: ( 1) Each restricted stock unit represents a contingent right to receive one share of 3M common stock. ( 2) The restricted stock units will vest in equal installments on each of the first three anniversaries of the grant date (2/9/2010). ( 3) Shares withheld for FICA tax for retirement eligible executives. Reporting Owners Reporting Owner Name / Address PALENSKY FRED J 3M CENTER ST. PAUL, MN 55144-1000 Relationships Director 10% Owner Officer EXEC VP R&D & CHF TECH OFF Other 11. Nature of Indirect Beneficial Ownership (Instr. 4) Signatures George Ann Biros, attorney-in-fact for Fred J. Palensky 2/18/2010 ** 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. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.