CUMMINS INC — Director's Dealing 2019

Jan 18, 2019

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: CUMMINS INC (CMI)
CIK: 0000026172
Period of Report: 2018-12-31

Reporting Person: Nusterer Norbert (VP & President - Power Systems)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-01	Stock Option (Right-to-Buy)	$121.8000	A	3880.0000	Acquired	2026-08-01	Common (3880.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	6366.0000	Direct
Common	339.9500	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right-to-Buy)	$109.0900	2026-04-04	Common (6305.0000)	6305.0000	Direct
Stock Option (Right-to-Buy)	$111.8400	2023-04-02	Common (1100.0000)	1100.0000	Direct
Stock Option (Right-to-Buy)	$136.8200	2025-04-02	Common (2905.0000)	2905.0000	Direct
Stock Option (Right-to-Buy)	$149.3400	2024-04-02	Common (1780.0000)	1780.0000	Direct
Stock Option (Right-to-Buy)	$149.7200	2027-04-03	Common (8760.0000)	8760.0000	Direct
Stock Option (Right-to-Buy)	$160.1000	2028-04-03	Common (7820.0000)	7820.0000	Direct

Footnotes

F1: Reflects a negative adjustment of 3 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.

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.

F3: Represents award of options beneficially held by the reporting person not previously reported on Form 4.