Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  JETTER MARTIN
2. Date of Event Requiring Statement (Month/Day/Year)
11/03/2014
3. Issuer Name and Ticker or Trading Symbol
INTERNATIONAL BUSINESS MACHINES CORP [IBM]
(Last)
(First)
(Middle)
IBM CORPORATION, C/O SECRETARY'S OFFICE, NEW ORCHARD ROAD
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

ARMONK, NY 10504
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 538
D
 
Common Stock 238.954
I (1)
spouse

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Rst. Stock Unit   (2)   (2) Common Stock 8,772 $ 0 D  
Rst. Stock Unit   (3)   (3) Common Stock 5,000 $ 0 D  
Rst. Stock Unit   (4)   (4) Common Stock 10,583 $ 0 D  
Rst. Stock Unit   (5)   (5) Common Stock 99 $ 0 I (1) spouse
Rst. Stock Unit   (6)   (6) Common Stock 139 $ 0 I (1) spouse
Rst. Stock Unit   (7)   (7) Common Stock 197 $ 0 I (1) spouse
Rst. Stock Unit   (8)   (8) Common Stock 445 $ 0 I (1) spouse
Rst. Stock Unit   (9)   (9) Common Stock 9,459 $ 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
JETTER MARTIN
IBM CORPORATION, C/O SECRETARY'S OFFICE
NEW ORCHARD ROAD
ARMONK, NY 10504
      Senior Vice President  

Signatures

D. Cummins on behalf of M. Jetter 11/12/2014
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(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.
(2) These units are payable in cash or the company's common stock upon lapse of the restrictions on December 21, 2014.
(3) These units are payable in cash or the company's common stock upon lapse of the restrictions on April 1, 2017.
(4) These units are payable in cash or the company's common stock upon lapse of the restrictions on December 17, 2018.
(5) These units are payable in cash or the company's common stock upon lapse of the restrictions on June 8, 2015.
(6) Upon lapse of the restrictions, these units are payable in cash or the company's common stock. The restrictions lapse for 68 of these units on June 8, 2015 and the restrictions lapse for the remaining 71 of these units on June 8, 2016.
(7) Upon lapse of the restrictions, these units are payable in cash or the company's common stock. The restrictions lapse for 65 of these units on June 7, 2015, for 65 of these units on June 7, 2016 and the restrictions lapse for the remaining 67 of these units on June 7, 2017.
(8) Upon lapse of the restrictions, these units are payable in cash or the company's common stock. The restrictions lapse for 111 of these units on June 9, 2015, for 111 of these units on June 9, 2016, for 111 of these units on June 9, 2017 and the restrictions lapse for the remaining 112 of these units on June 9, 2018.
(9) These units have been deferred and are payable in the company's common stock upon lapse of restriction after retirement.

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