CUMMINS INC — Director's Dealing 2016

Nov 8, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CUMMINS INC (CMI)
CIK: 0000026172
Period of Report: 2016-11-04

Reporting Person: HUNT MARSHA L (VP-Corp. Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-04	Common	M	1800	$111.84	Acquired	4382	Direct
2016-11-04	Common	S	1800	$125.4628	Disposed	2582	Direct
2016-11-07	Common	M	1540	$111.84	Acquired	4122	Direct
2016-11-07	Common	S	1540	$127.5583	Disposed	2582	Direct
2016-11-07	Common	M	2570	$120.28	Acquired	5152	Direct
2016-11-07	Common	S	2570	$130.2703	Disposed	2582	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-07	Stock Option (Right-to-Buy)	$120.28	M	2570	Disposed	2022-04-02	Common (2570)	Direct
2016-11-04	Stock Option (Right-to-Buy)	$111.84	M	1800	Disposed	2023-04-02	Common (1800)	Direct
2016-11-07	Stock Option (Right-to-Buy)	$111.84	M	1540	Disposed	2023-04-02	Common (1540)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	662.29	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right-to-Buy)	$149.34	2024-04-02	Common (2490)	2490	Direct
Stock Option (Right-to-Buy)	$136.82	2025-04-02	Common (3130)	3130	Direct
Stock Option (Right-to-Buy)	$109.09	2026-04-04	Common (6790)	6790	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $125.45 - $125.56. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated.

F2: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $127.25 - $127.95. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated.

F3: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $130.25 - $130.37. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated.

F4: The number of shares is based on the dollar value of the reporting person's interest in the Cummins Stock Fund under the Company's 401(k) plan as most recently provided by the plan. The actual number of shares underlying the interest is not known since the Cummins Stock Fund is a unitized account consisting of approximately 98% common stock and 2% cash or cash equivalents.