CUMMINS INC — Director's Dealing 2019

Feb 7, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CUMMINS INC (CMI)
CIK: 0000026172
Period of Report: 2019-02-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-06	Common	M	561.0000	$99.1700	Acquired	4221.0000	Direct
2019-02-06	Common	M	429.0000	$119.7700	Acquired	4650.0000	Direct
2019-02-06	Common	M	400.0000	$118.1500	Acquired	5050.0000	Direct
2019-02-06	Common	S	206.0000	$150.0000	Disposed	4844.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-06	Stock Option (Right-to-Buy)	$119.7700	M	429.0000	Disposed	2021-05-02	Common (429.0000)	Direct
2019-02-06	Stock Option (Right-to-Buy)	$118.1500	M	400.0000	Disposed	2021-05-06	Common (400.0000)	Direct
2019-02-06	Stock Option (Right-to-Buy)	$99.1700	M	561.0000	Disposed	2021-11-16	Common (561.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	42.2000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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)	$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
Stock Option (Right-to-Buy)	$149.7200	2027-04-03	Common (13760.0000)	13760.0000	Direct
Stock Option (Right-to-Buy)	$160.1000	2028-04-03	Common (9560.0000)	9560.0000	Direct

Footnotes

F1: Transactions pursuant to Rule 10b5-1 Trading Plan entered into on November 29, 2018.

F2: 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.