CIBC Announces Pre-arranged Option Exercise and Share Sale Plan for CEO

CIBC Announces Pre-arranged Option Exercise and Share Sale Plan for CEO 
TORONTO, Dec. 11, 2012 /CNW/ - CIBC (TSX:CM) (NYSE:CM) announced today that, 
as in previous years, President and CEO Gerry McCaughey has established a 
pre-arranged plan for the automatic exercise of options. In 2013, Mr. 
McCaughey will exercise up to 315,420 options. The shares acquired on the 
exercise of options would be sold automatically. 
As in prior years, these transactions will occur throughout 2013, subject to 
the price of CIBC's common shares meeting or exceeding pre-determined exercise 
prices, allowing for an automatic process. 
Mr. McCaughey currently holds CIBC share units well above the minimum 
requirement under CIBC's share ownership guidelines of six times his base 
salary, and will continue to do so during and after the execution of this 
plan. Mr. McCaughey is conducting these transactions for personal financial 
planning purposes. 
These types of automatic plans allow participants to exercise options and sell 
shares on a pre-determined basis. The participant has no discretion to alter 
the terms of that arrangement or influence the execution of the plan. 
Appropriate filings reporting the sales will be made with securities 
regulatory authorities within the required time frame. 
The plan was established in accordance with the guidelines of the Ontario 
Securities Commission and the rules of the United States Securities and 
Exchange Commission, as well as CIBC's policies on exercising options and 
selling shares held by directors and officers. 
Geoff Weiss, Vice-President, Investor Relations, (416) 980-5093 or Kevin  
Dove, Head of External Communications and Media Relations, CIBC, (416)  
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CO: CIBC - Investor Relations
ST: Ontario
-0- Dec/11/2012 21:49 GMT
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