QUANTUMONLINE.COM SECURITY DESCRIPTION:  Becton Dickinson and Co. 6.00% Depositary Shares each representing a 1/20 interest in a share of the Mandatory Convertible Preferred Stock, Series B, liquidation preference $50 per Depositary share. The preferred shares are mandatorily convertible on 06/01/2023 into a variable number of Becton Dickinson and Co. (NYSE:BDX) common shares based on the then current price of the common shares for 20 consecutive trading days immediately prior to the conversion date. The conversion settlement rate will be 0.1736 shares per unit if the then current market price is equal to or greater than $288.00 and 0.2083 shares per unit if the market price is equal to or less than $240.00. For market prices between those values the settlement rate will be $50 divided by the market value. The last offering price of the common stock on 05/20/2020 was $240.00 per share. The depository shares are convertible any time at the holder’s option in batchs of 20 depository shares into 3.3722 shares of common stock. If a Fundamental Change occurs on or prior to 06/01/2023 holders of the depository shares may be able to convert into common stock at the fundamental change conversion rate plus a fundamental change dividend make-whole amount in batches of 20 depository shares (see prospectus for further information). Cumulative distributions of 6.00% per annum ($3.00 per annum or $0.75 per quarter) will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the 15th calendar day of the month immediately preceding the month of the the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid by this preferred are eligible for a preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under normal holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-63 of the prospectus for further information). In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the mandatory convertible preferred stock and their mandatory conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Conversion Shares@Price	Distribution Dates	15% Tax Rate
NYSE Chart	6.00% $3	$50.00 $50.00	None 6/01/2023	NR NR 10/25/2022	0.1736 @ $288.00+ 0.2083 @ $240.00-	3/1, 6/1, 9/1 & 12/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

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Address:   1 Becton Drive, Franklin Lakes, NJ 07417
Main Phone Number	201-847-6800
Fax Number	Not Available
Investor Relations   Monique N. Dolecki	201-847-5378
Toll Free Phone Number	800-284-6845

CEO - Tom Polen

CFO - Christopher R. Reidy