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*
PALENSKY FRED J

(Last) (First) (Middle)
3M CENTER

(Street)
ST. PAUL MN 55144-1000

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
3M CO [ MMM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VICE PRESIDENT R&D
3. Date of Earliest Transaction (Month/Day/Year)
05/14/2007
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)
Code V Amount (A) or (D) Price
Common Stock 05/14/2007 M 6,958 A $63.525 44,211 D
Common Stock 05/14/2007 F 5,210 D $84.83 39,001 D
Common Stock 05/14/2007 F 663 D $84.83 38,338 D
Common Stock 05/14/2007 M 26,517 A $64.5 64,855 D
Common Stock 05/14/2007 F 20,162 D $84.83 44,693 D
Common Stock 05/14/2007 F 2,713 D $84.83 41,980 D
Common Stock 05/14/2007 M 822 A $63.525 42,802 D
Common Stock 05/14/2007 F 615 D $84.83 42,187 D
Common Stock 05/14/2007 F 88 D $84.83 42,099 D
Common Stock 05/14/2007 M 6,540 A $63.525 48,639 D
Common Stock 05/14/2007 F 4,897 D $84.83 43,742 D
Common Stock 05/14/2007 F 701 D $84.83 43,041 D
Common Stock 05/14/2007 M 8,225 A $61.85 51,266 D
Common Stock 05/14/2007 F 5,996 D $84.83 45,270 D
Common Stock 05/14/2007 F 951 D $84.83 44,319 D
Common Stock 3,574 I by 401k/PAESOP Trust
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) $61.85 05/14/2007 M 8,225 05/14/2004 05/12/2013 Common Stock 8,225 $0 31,775 D
Non-Qualified Stock Option (right to buy) $63.525 05/14/2007 M 6,958 07/07/2003 05/12/2008 Common Stock 6,958 $0 0 D
Non-Qualified Stock Option (right to buy) $63.525 05/14/2007 M 822 07/07/2003 05/11/2009 Common Stock 822 $0 0 D
Non-Qualified Stock Option (right to buy) $63.525 05/14/2007 M 6,540 07/07/2003 05/07/2010 Common Stock 6,540 $0 0 D
Non-Qualified Stock Option (right to buy) $64.5 05/14/2007 M 26,517 05/15/2003 05/14/2012 Common Stock 26,517 $0 0 D
Non-Qualified Stock Option (right to buy) $84.83 05/14/2007 A 5,873 11/14/2007 05/12/2008 Common Stock 5,873 $0 5,873 D
Non-Qualified Stock Option (right to buy) $84.83 05/14/2007 A 703 11/14/2007 05/11/2009 Common Stock 703 $0 703 D
Non-Qualified Stock Option (right to buy) $84.83 05/14/2007 A 5,598 11/14/2007 05/07/2010 Common Stock 5,598 $0 5,598 D
Non-Qualified Stock Option (right to buy) $84.83 05/14/2007 A 22,875 11/14/2007 05/14/2012 Common Stock 22,875 $0 22,875 D
Non-Qualified Stock Option (right to buy) $84.83 05/14/2007 A 6,947 11/14/2007 05/13/2013 Common Stock 6,947 $0 6,947 D
Explanation of Responses:
Remarks:
The indirectly-held common stock holding (401k/PAESOP) reported in Table I includes shares acquired during the fiscal year pursuant to the 3M Voluntary Investment Plan.
By: GeorgeAnn Biros For: Frederick Joseph Palensky 05/16/2007
** 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).
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