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CUMMINS INC — Director's Dealing 2019
Jan 18, 2019
29984_dirs_2019-01-18_4d1b27bb-ba50-4f63-b7f4-397d8a3182bf.zip
Director's Dealing
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SEC Form 5 — Annual Statement of Changes in Beneficial Ownership
Issuer: CUMMINS INC (CMI)
CIK: 0000026172
Period of Report: 2018-12-31
Reporting Person: Freeland Richard Joseph (President & COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-05-08 | Common | G | 3307.0000 | $0.0000 | Disposed | 0.0000 | Direct |
| 2018-08-28 | Common | G | 1242.0000 | $0.0000 | Disposed | 3832.0000 | Indirect |
| 2018-08-28 | Common | G | 3832.0000 | $0.0000 | Disposed | 0.0000 | Indirect |
| 2018-11-14 | Common | G | 6947.0000 | $0.0000 | Acquired | 6947.0000 | Indirect |
| 2018-05-08 | Common | G | 3307.0000 | $0.0000 | Acquired | 20070.0000 | Indirect |
| 2018-08-28 | Common | G | 3832.0000 | $0.0000 | Acquired | 23902.0000 | Indirect |
| 2018-08-30 | Common | G | 1428.0000 | $0.0000 | Disposed | 22474.0000 | Indirect |
| 2018-11-14 | Common | G | 6947.0000 | $0.0000 | Disposed | 15527.0000 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common | 2867.1100 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right-to-Buy) | $109.0900 | 2026-04-04 | Common (48500.0000) | 48500.0000 | Direct |
| Stock Option (Right-to-Buy) | $111.8400 | 2023-04-02 | Common (16450.0000) | 16450.0000 | Direct |
| Stock Option (Right-to-Buy) | $119.7700 | 2021-05-02 | Common (8150.0000) | 8150.0000 | Direct |
| Stock Option (Right-to-Buy) | $120.2800 | 2022-04-02 | Common (11030.0000) | 11030.0000 | Direct |
| Stock Option (Right-to-Buy) | $136.8200 | 2025-04-02 | Common (22340.0000) | 22340.0000 | Direct |
| Stock Option (Right-to-Buy) | $149.3400 | 2024-04-02 | Common (12290.0000) | 12290.0000 | Direct |
| Stock Option (Right-to-Buy) | $149.7200 | 2027-04-03 | Common (31270.0000) | 31270.0000 | Direct |
| Stock Option (Right-to-Buy) | $154.2000 | 2024-07-16 | Common (1960.0000) | 1960.0000 | Direct |
| Stock Option (Right-to-Buy) | $160.1000 | 2028-04-03 | Common (26070.0000) | 26070.0000 | Direct |
Footnotes
F1: Gift of shares from the reporting person's directly-held shares to the reporting person's revocable trust.
F2: Reflects a negative adjustment of 24 shares since the reporting person's last Form 4 to reflect an increase in the number of shares withheld to satisfy tax liabilities related to earned performance shares. The withholding transaction was exempt under Section 16b-3.
F3: Upon termination of the Grantor Retained Annuity Trust #1 by the reporting person, a total of 1,242 shares (621 each) were distributed to the reporting person's children, and the remaining 3,832 shares in the Grantor Retained Annuity Trust #1 were distributed to the reporting person's revocable trust.
F4: Gift of shares from the reporting person's recovable trust to the Grantor Retained Annuity Trust #2.
F5: Gift to reporting person's donor advised charitable fund.
F6: 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.