Otis Worldwide Corp — Director's Dealing 2020

Nov 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Otis Worldwide Corp (OTIS)
CIK: 0001781335
Period of Report: 2020-10-30

Reporting Person: Marks Judith Fran (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-01	Common Stock	M	16757	—	Acquired	16757	Direct
2020-11-01	Common Stock	F	7778	$62.14	Disposed	8979	Direct
2020-10-30	Common Stock	S	47.3211	$61.28	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-01	Restricted Stock Units	$	M	16757	Disposed		Common Stock (16757)	Direct

Footnotes

F1: Restricted stock units convert into common stock on a one-for-one basis.

F2: As a result of the spin-off of the issuer by our former parent, certain Otis insiders hold Otis shares in our former parent's 401(k) plan. This plan has advised participants that starting approximately one-year after the spin-off it will mandatorily start to sell the Otis shares held in it.

F3: The reporting person was originally granted RSUs by our former parent company on November 1, 2017. These fully vested and were converted into Otis common stock.