3M 2006 Annual Report Download - page 103

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The ESOP has been the primary funding source for the ComSDQ\¶VHPSOR\HHVDYLQJVSODQV$VSHUPLWWHGE\$,&3$
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6WRFN2ZQHUVKLS3ODQV´DQGVXEVHTXHQWFRQVHQVXVRIWKH(,7)RIWKH)$6%$FFRUGLQJO\WKHGHEWRIWKH(623LV
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Unearned compensation is reduced symmeWULFDOO\DVWKH(623PDNHVSULQFLSDOSD\PHQWVRQWKHGHEW([SHQVHV
UHODWHGWRWKH(623LQFOXGHWRWDOGHEWVHUYLFHRQWKHQRWHVOHVVGLYLGHQGV7KH&RPSDQ\Fontributes treasury shares,
DFFRXQWHGIRUDWIDLUYDOXHWRHPSOR\HHVDYLQJVSODQVWRFRYHUREOLJDWLRQVQRWIXQGHGE\WKH(623UHSRUWHGDVDQ
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   
Employee Savings and Stock Ownership Plans 
0LOOLRQV 2006 2005 2004
'LYLGHQGVRQVKDUHVKHOGE\WKH(623 $39 $36 $33
Company contributions to the ESOP 912 15
,QWHUHVWLQFXUUHGRQ(623QRWHV 810 12
$PRXQWVUHSRUWHGDVDQHPSOR\HHEHQHILWH[SHQVH
([SHQVHVUHODWHGWR(623GHEWVHUYLFH 47 11
([SHQVHVUHODWHGto treasury shares 36 27 45
 
ESOP Debt Shares 2006 2005 2004
$OORFDWHG 15,956,530 16,729,528 16,200,282
&RPPLWWHGWREHUHOHDVHG 286,620 366,969 705,068
8QUHOHDVHG 3,831,425 5,145,039 6,219,328
7RWDO(623GHEWVKDUHV 20,074,575 22,241,536 23,124,678
NOTE 15. *HQHUDO(PSOR\HHV¶6WRFN3XUFKDVH3ODQ*(633
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HPSOR\HHVDUHHOLJLEOHWRSDUWLFLSDWHLQWKHSODQ3DUWLFLSDQWs are granted options at 85% of PDUNHWYDOXHDWWKHGDWHRI
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2006 2005 2004
([HUFLVH ([HUFLVH   ([HUFLVH
 Shares Price* Shares Price* Shares Price*
Options granted 1,656,554 $ 65.25 1,646,521  1,701,874 
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JUDQW±'HFHPEHU 10,447,985 12,104,539 13,751,060
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