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CUMMINS INC — Director's Dealing 2021
Feb 17, 2021
29984_dirs_2021-02-17_00f41d3a-bc56-4b66-84aa-f3789d4374d8.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CUMMINS INC (CMI)
CIK: 0000026172
Period of Report: 2021-02-16
Reporting Person: Satterthwaite Tony (President & COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-02-16 | Common | M | 8150.0000 | $119.7700 | Acquired | 58543.0000 | Direct |
| 2021-02-16 | Common | S | 5852.0000 | $245.1090 | Disposed | 52691.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-02-16 | Stock Option (Right-to-Buy) | $119.7700 | M | 8150.0000 | Disposed | 2021-05-02 | Common (8150.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common | 2898.7200 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right-to-Buy) | $109.0900 | 2026-04-04 | Common (24250.0000) | 24250.0000 | Direct |
| Stock Option (Right-to-Buy) | $111.8400 | 2023-04-02 | Common (11920.0000) | 11920.0000 | Direct |
| Stock Option (Right-to-Buy) | $120.2800 | 2022-04-02 | Common (9190.0000) | 9190.0000 | Direct |
| Stock Option (Right-to-Buy) | $136.8200 | 2025-04-02 | Common (11170.0000) | 11170.0000 | Direct |
| Stock Option (Right-to-Buy) | $142.1200 | 2030-04-06 | Common (24510.0000) | 24510.0000 | Direct |
| Stock Option (Right-to-Buy) | $149.3400 | 2024-04-02 | Common (8910.0000) | 8910.0000 | Direct |
| Stock Option (Right-to-Buy) | $149.7200 | 2027-04-03 | Common (15630.0000) | 15630.0000 | Direct |
| Stock Option (Right-to-Buy) | $160.1000 | 2028-04-03 | Common (10860.0000) | 10860.0000 | Direct |
| Stock Option (Right-to-Buy) | $163.4300 | 2029-04-04 | Common (15420.0000) | 15420.0000 | Direct |
| Stock Option (Right-to-Buy) | $166.1800 | 2029-10-16 | Common (9250.0000) | 9250.0000 | Direct |
Footnotes
F1: The stock options exercised and reported on this Form 4 were exercised in "sell-to-cover" transactions with respect to stock options that were set to expire in the near term. Any shares sold in such transactions were sold solely to cover the exercise price, fees and taxes associated with the stock option exercises.
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.