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RTX Corp — Director's Dealing 2015
Feb 11, 2015
29781_dirs_2015-02-11_6252cca3-2a7a-495b-99e1-2ddf2ce1cee3.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: 2015-02-09
Reporting Person: Dumais Michael R (SVP, Strategic Planning)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-02-09 | Common Stock | A | 7290.0000 | $119.3200 | Acquired | 18619.0000 | Direct |
| 2015-02-09 | Common Stock | F | 2509.0000 | $119.3200 | Disposed | 16110.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-02-09 | Stock Appreciation Right | $74.7900 | A | 49956.0000 | Acquired | 2012-07-31 | Common Stock (49956.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1428.6000 | Indirect |
Footnotes
F1: The acquisition of shares of UTC common stock represents the vesting of performance share units (PSUs) previously awarded on January 3, 2012 to the reporting person under the United Technologies Corporation Long-Term Incentive Plan. Each PSU has a value equal to one share of UTC common stock. The PSUs vested solely upon achievement of pre-established performance targets for UTC's earnings per share and total shareholder return over a three-year performance period.
F2: On August 1, 2012, the reporting person was granted 100,920 performance stock appreciation rights, 50% of which became exercisable on February 9, 2015 and 50% of which may become exercisable December 31, 2016, in each case subject to and following confirmation of achievement of pre-established business unit earnings, sales and other financial targets. The grant of 100,920 performance stock appreciation rights was incorrectly reported on a Form 3 filed on January 26, 2015 (performance-based stock appreciation rights not tied to the market price of the issuer's stock need not be reported until vesting upon achievement of performance conditions). The performance criteria were satisfied at the 99% level for the first 50% of the grant, resulting in the vesting of 49,956 stock appreciation rights and the cancellation of 504 stock appreciation rights, both as of February 9, 2015.