CUMMINS INC — Director's Dealing 2017

May 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CUMMINS INC (CMI)
CIK: 0000026172
Period of Report: 2017-05-01

Reporting Person: Embree Tracy A (VP & Pres. - Components Group)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-01	Stock Option (Right-to-Buy)	$149.7200	A	13760.0000	Acquired	2027-04-03	Common (13760.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	2489.0000	Direct
Common	40.2200	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right-to-Buy)	$67.5750	2020-06-01	Common (650.0000)	650.0000	Direct
Stock Option (Right-to-Buy)	$99.1700	2021-11-16	Common (561.0000)	561.0000	Direct
Stock Option (Right-to-Buy)	$109.0900	2026-04-04	Common (19410.0000)	19410.0000	Direct
Stock Option (Right-to-Buy)	$111.8400	2023-04-02	Common (1910.0000)	1910.0000	Direct
Stock Option (Right-to-Buy)	$118.1500	2021-05-06	Common (400.0000)	400.0000	Direct
Stock Option (Right-to-Buy)	$119.7700	2021-05-02	Common (429.0000)	429.0000	Direct
Stock Option (Right-to-Buy)	$120.2800	2022-04-02	Common (1470.0000)	1470.0000	Direct
Stock Option (Right-to-Buy)	$136.8200	2025-04-02	Common (6700.0000)	6700.0000	Direct
Stock Option (Right-to-Buy)	$149.3400	2024-04-02	Common (1420.0000)	1420.0000	Direct

Footnotes

F1: 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.