«CUSIP 88579Y 10 1 3M Dividend Reinvestment Plan Have your 3M dividends automatically reinvested in additional 3M stock through 3M’s automatic ...»
CUSIP 88579Y 10 1
3M Dividend Reinvestment Plan
Have your 3M dividends automatically reinvested
in additional 3M stock through 3M’s automatic
Dividend Reinvestment Plan (the “Plan”).
Administered by Wells Fargo Shareowner Services,
a division of Wells Fargo Bank, N.A. (“Wells Fargo”),
this service is an easy, practical way to build your
OF THE ◆ There are no dividend checks to deposit;
your dividends are paid directly to your 3M Dividend Reinvestment account at Wells Fargo Bank, N.A.
◆ Every penny goes to work for you, buying full and fractional shares (computed up to three decimal places) of 3M stock. You pay no brokerage fees or service charges.
◆ You may send additional money, if you wish (as little as $10, up to $10,000, every dividend quarter) to buy more 3M stock.
◆ You may send your physical stock certificate(s) to Wells Fargo Bank, N.A. for free safekeeping, if you wish.
◆ Wells Fargo Bank, N.A. keeps detailed records of your account and will mail you a statement after each transaction. This will be at least quarterly for the dividend purchases. The statements will reflect how much stock is bought and how many shares you own.
◆ You can join or quit the Plan at any time.
◆ You may enroll online.
If you have established automated privileges on your
account, you can:
◆ change the amount of, or stop, automatic monthly bank withdrawals;
◆ sell some or all of your plan shares if the current market value of the shares to be sold is $25,000 or less; and ◆ request a certificate for some or all full shares in the plan, but only if the current market value of the shares to be issued is $50,000 or less.
To establish automated privileges via telephone, please call Wells Fargo and request an Automated Request Authorization form.
To establish automated privileges via online, you will need to activate your account and establish a Username and Password, you will need your 10-digit Wells Fargo account number (which is listed on your account statement), your Social Security Number, your email address, and the company name you own stock in, 3M Company. Certain restrictions may apply.
Instructions to access your account online are
Go to www.shareowneronline.com and click “First Time Visitor Sign On,” then click “Continue.” Next, simply follow the instructions found on the “First Time Visitor New Member Registration” page.
Once you have successfully signed up, you will be able to access your account information immediately.
You will receive written confirmation by mail that your account has been activated for online access.
WHO IS ELIGIBLE◆ Any registered owner of 3M common stock is eligible. (If your stock is held by a brokerage firm in “street name,” it is not eligible.) Regulations in certain countries may limit or prohibit participation in this type of Plan. Accordingly, persons residing outside the United States who wish to participate in the Plan should first determine whether they are subject to any governmental regulation prohibiting their participation.
DIRECT REGISTRATION3M is a participant in the Direct Registration System (DRS). DRS is a method of recording shares of stock in book-entry form. Book-entry means that your shares are registered in your name on the books of the company without the need for physical certificates and are held separately from any Plan shares you may own. Shares held in book-entry have all the traditional rights and privileges as shares held
in certificate form. With DRS shareholders can:
◆ Eliminate the risk and cost of storing certificates in a secure place ◆ Eliminate the cost associated with replacing lost, stolen, or destroyed certificates ◆ Move shares electronically to their broker Any future share transactions will be issued to book-entry form rather than physical certificates unless otherwise specified by the requester. You may convert any stock certificate(s) you are currently holding into book-entry form. Send the stock certificate(s) to Wells Fargo Shareowner Services with a request to deposit them to your DRS account.
There is no cost to you for this custodial service and by doing so you will be relieved of the responsibility for loss or theft of your certificate(s).
Your certificate(s) should not be endorsed, and we recommend sending your certificate(s) registered insured mail for 2% of the current market value.
You may choose to have a portion or all of your full book-entry shares delivered directly to your broker by contacting your broker/dealer. When using your broker to facilitate a share movement, provide them with a copy of your DRS account statement.
HOW SERVICE WORKS THE
Once you enroll by going online or by returning the card, the service is automatic. 3M will send your quarterly dividends directly to Wells Fargo. This will include dividends on 3M shares you hold and on any full or fractional shares in your Dividend Reinvestment Plan account. Wells Fargo will buy more stock weekly on Tuesday or next business day if the market is not open on Tuesday for you at the current market price. If your dividends are not sufficient to buy a full share, Wells Fargo will credit you with a fractional share. Every penny is reinvested.
After each transaction, Wells Fargo will mail you a statement of your account. It will show the amount of the total cash dividends reinvested, the amount of stock bought, and the new total of full and fractional shares in your account. If you choose to send additional cash payments, you’ll receive a statement after each purchase. Wells Fargo will hold the shares it has purchased for you, unless you ask for new certificates to be mailed to you. Wells Fargo will issue physical certificates registered in your name for full shares at any time upon written request or via telephone too.
As a participant in the Plan, you may send any 3M physical stock certificates you hold to Wells Fargo for free safekeeping. Because you bear the risk of loss when sending stock certificates through the mail we suggest that you send them registered insured for at least 2% of the current market value. Please do not endorse certificates. Your deposit will be shown on your next statement.
If you decide to withdraw from the Plan, Wells Fargo will convert full shares to book-entry (DRS) and send you a check for any fractional shares (at the current market price minus brokerage commission and service charges). Or, you may tell Wells Fargo to sell all the shares (at the current market price minus brokerage commission and service charges) in your account and send you a check, less applicable fees.
TO JOIN PLAN THE
Go online or complete and sign the authorization card and mail it to Wells Fargo address listed below.
Your participation will begin with the next dividend payment, unless Wells Fargo does not receive your completed authorization card until after the dividend “record date.” In that case, your account will open with the following dividend.
REINVESTMENT OPTIONSFull Dividend Reinvestment — All cash dividends on shares held in physical certificate form registered in your name including book-entry (DRS) on the records of 3M and all cash dividends on all Plan shares credited to your account under the Plan will be used to purchase additional shares. You will not receive cash dividends from 3M; instead, the dividends will be reinvested.
Partial Dividend Reinvestment by Percentage — All cash dividends on a percentage(chosen by you) of both your Plan shares and shares held by you in physical certificate form, including book-entry (DRS) will be used to purchase additional shares. You may elect percentages from 10-90 in increments of 10%.
If you elect Partial Dividend Reinvestment, you will receive checks or direct deposits from 3M for dividends, when declared and paid, only for those shares not subject to dividend reinvestment.
For example, a shareholder has 90 shares held by in physical certificate form or book-entry (DRS) and 10 Plan shares. The shareholder specifies 50% of his total shares subject to dividend reinvestment.
All cash dividends on 50 shares (50% of 100 shares) will be used to purchase additional shares for their account under the Plan. They will receive dividend checks or direct deposits from 3M, when declared and paid, only for the 50 shares not subject to dividend reinvestment.
Partial Dividend Reinvestment by Specified Share Amount — All cash dividends on a specified number of whole shares held in physical certificate form registered in your name including book-entry (DRS) on the records of 3M and your Plan shares, chosen by you, will be used to purchase additional shares. If you elect Partial Dividend Reinvestment, you will receive checks or direct deposits from 3M for dividends, when declared and paid, only for those shares not subject to dividend reinvestment.
No Dividend Reinvestment with Optional Cash Investments — All cash dividends on shares held in physical certificate form registered in your name including book-entry (DRS) on the records of 3M and all cash dividends on all Plan shares credited to your account under the Plan will be paid to you. You will receive cash dividends from 3M as declared by check or direct deposit, and the dividends will not be reinvested.
If you elect any one of the above options, you also have the option of sending Wells Fargo additional contributions (see “Optional Cash Investments”).
You may change your reinvestment option at any time by going online, calling or sending written notice to Wells Fargo. Notices received on or before a dividend record date will be effective for that dividend. Notices received after a dividend record date will not be effective until after that dividend has been paid.
DIRECT DEPOSIT DIVIDENDS OF
You can have your cash dividends not being reinvested transferred directly to your bank for deposit. For electronic direct deposit of dividend funds, contact Wells Fargo to request a Direct Deposit of Dividends Authorization Form, complete and return the form to Wells Fargo. Be sure to include a voided check for checking accounts or savings deposit slip for savings accounts. If your stock is jointly owned, all owners must sign the form.
OTHER PLAN FEATURESOptional Cash Investments You may invest in additional shares of 3M by sending your check, payable to Shareowner Services, with your signed authorization card. After you’re in the Plan, send your check with the transaction request form from your Dividend Reinvestment statement from Wells Fargo.
Optional cash investments may be as small as $10, but no more than $10,000, per quarter. Please mail these optional payments to Wells Fargo, not 3M, at the address listed at the end of this brochure.