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CUMMINS INC — Director's Dealing 2022
Nov 15, 2022
29984_dirs_2022-11-15_2d7c1bf1-a858-4f7d-85cd-19616f18495f.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: 2022-11-11
Reporting Person: LINEBARGER NORMAN THOMAS (Director, Chairman & Executive Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-05-19 | Common | G | 14740.0000 | $0.0000 | Acquired | 137338.0000 | Direct |
| 2022-11-11 | Common | M | 5291.0000 | $111.8400 | Acquired | 142629.0000 | Direct |
| 2022-11-11 | Common | S | 5291.0000 | $250.0308 | Disposed | 137338.0000 | Direct |
| 2022-05-19 | Common | G | 5098.0000 | $0.0000 | Acquired | 21930.0000 | Indirect |
| 2022-05-19 | Common | G | 5097.0000 | $0.0000 | Acquired | 21929.0000 | Indirect |
| 2022-05-19 | Common | G | 5097.0000 | $0.0000 | Disposed | 19838.0000 | Indirect |
| 2022-05-19 | Common | G | 5098.0000 | $0.0000 | Disposed | 14740.0000 | Indirect |
| 2022-05-19 | Common | G | 14740.0000 | $0.0000 | Disposed | 0.0000 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-11-11 | Stock Option (Right-to-Buy) | $111.8400 | M | 5291.0000 | Disposed | 2023-04-02 | Common (5291.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common | 8923.2400 | Indirect |
| Common | 240.0000 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right-to-Buy) | $109.0900 | 2026-04-04 | Common (131920.0000) | 131920.0000 | Direct |
| Stock Option (Right-to-Buy) | $136.8200 | 2025-04-02 | Common (60780.0000) | 60780.0000 | Direct |
| Stock Option (Right-to-Buy) | $142.1200 | 2030-04-06 | Common (95920.0000) | 95920.0000 | Direct |
| Stock Option (Right-to-Buy) | $149.3400 | 2024-04-02 | Common (44890.0000) | 44890.0000 | Direct |
| Stock Option (Right-to-Buy) | $149.7200 | 2027-04-03 | Common (85050.0000) | 85050.0000 | Direct |
| Stock Option (Right-to-Buy) | $160.1000 | 2028-04-03 | Common (61700.0000) | 61700.0000 | Direct |
| Stock Option (Right-to-Buy) | $163.4300 | 2029-04-04 | Common (98670.0000) | 98670.0000 | Direct |
Footnotes
F1: Return of shares upon the termination of the Grantor Retained Annuity Trust #4 by the reporting person.
F2: Transactions pursuant to Rule 10b5-1 Trading Plan entered into on November 23, 2021.
F3: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $250 - $250.16. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated.
F4: Upon termination of the Grantor Retained Annuity Trust #4 by the reporting person, 5,098 shares were distributed to a trust for the reporting person's child, of which the reporting person is sole trustee.
F5: Upon termination of the Grantor Retained Annuity Trust #4 by the reporting person, 5,097 shares were distributed to a trust for the reporting person's child, of which the reporting person is sole trustee.
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.