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RTX Corp — Director's Dealing 2014
Dec 29, 2014
29781_dirs_2014-12-29_74d8b1da-f5a0-4e1a-b11f-8cc85d1de24c.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: UNITED TECHNOLOGIES CORP /DE/ (UTX)
CIK: 0000101829
Period of Report: 2014-12-23
Reporting Person: KANGAS EDWARD A (Director, non-executive Chairman)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-12-23 | Phantom Stock Unit | $ | A | 597.2187 | Acquired | Common Stock (597.2187) | Direct |
Footnotes
F1: Following Mr. Kangas' election as non-executive Chairman of the Board of Directors of United Technologies Corporation, the Board of Directors approved a pro rata increase to his retainer for 2014 for his service as a non-employee member of the Board. The additional compensation consists of Phantom Stock Units under the Directors Deferred Stock Unit Plan, which provides for payment of all or a portion of the retainer in deferred stock units. Upon termination of services on the Board of Directors, all Phantom Stock Units credited to a director's account are payable in cash as a lump sum or in installments, at the election of the director.