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CUMMINS INC — Director's Dealing 2011
Mar 4, 2011
29984_dirs_2011-03-04_eb648bfb-990d-41cc-9e6d-04614d802cfc.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CUMMINS INC (CMI)
CIK: 0000026172
Period of Report: 2011-03-02
Reporting Person: CHAPMAN STEVEN M (Group Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-03-02 | Common | A | 6425.0000 | $0.0000 | Acquired | 38541.0000 | Direct |
| 2011-03-02 | Common | A | 4824.0000 | $0.0000 | Acquired | 43365.0000 | Direct |
| 2011-03-02 | Common | F | 469.0000 | $99.9200 | Disposed | 42896.0000 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common | 8753.3384 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right-to-Buy) | $58.1150 | 2020-03-01 | Common (6540.0000) | 6540.0000 | Direct |
| Stock Option (Right-to-Buy) | $19.4200 | 2019-03-02 | Common (9930.0000) | 9930.0000 | Direct |
Footnotes
F1: Award of Restricted Stock. All shares are restricted as to disposition for a period of 2 years following date of award. Restriction will then lapse on 1/3 of the shares on each of the second, third and fourth anniversaries of the date of award. In the event of termination of employment prior to the fourth anniversary, all then-remaining restricted shares shall be forfeited.
F2: Shares earned from February 9, 2009 Target Awards based on 2009-2010 Company financial performance. Shares are subject to forfeiture until 3/1/2012.
F3: Shares withheld to satisfy tax liabilities upon Vesting of Restricted Stock.