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BORGWARNER INC — Director's Dealing 2014
Jan 6, 2014
30633_dirs_2014-01-06_7217403a-7be5-4cab-8d08-a386566f0993.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BORGWARNER INC (BWA)
CIK: 0000908255
Period of Report: 2014-01-02
Reporting Person: DRUMMOND JERE A (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-01-02 | Phantom Stock | $ | A | 337.8474 | Acquired | Common Stock (337.8474) | Direct |
Footnotes
F1: The number of phantom stock units were accrued under the BorgWarner Inc. Board of Directors Deferred Compensation Plan and are to be settled 100% in cash according to the terms of the plan.
F2: The phantom stock does not have an exercisable date or an expiration date.
F3: On December 16, 2013, the common stock of BorgWarner Inc. split 2-for-1, resulting in the reporting person's ownwership of 3,224.8185 additional shares of common stock. Column 9 includes the reporting person's total phantom stock holdings under the BorgWarner Inc. Board of Directors Deferred Compensation Plan as of the date of this report.