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RTX Corp — Director's Dealing 2015
Jan 26, 2015
29781_dirs_2015-01-26_70aeea45-c214-448c-9c57-b71a4270b43a.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: UNITED TECHNOLOGIES CORP /DE/ (UTX)
CIK: 0000101829
Period of Report: 2015-01-15
Reporting Person: Gitlin David L. (Pres., UTC Aerospace Systems)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2430.0000 | Direct |
| Common Stock | 2340.8800 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Common Stock (14318.3530) | Direct | ||
| SRP Stock Unit | $ | Common Stock (771.6850) | Direct | ||
| Stock Appreciation Right | $54.9500 | 2019-01-01 | Common Stock (7350.0000) | Direct | |
| Stock Appreciation Right | $62.8100 | 2017-01-02 | Common Stock (5900.0000) | Direct | |
| Stock Appreciation Right | $71.6300 | 2020-01-03 | Common Stock (8500.0000) | Direct | |
| Stock Appreciation Right | $74.6600 | 2022-01-02 | Common Stock (17800.0000) | Direct | |
| Stock Appreciation Right | $74.7900 | 2022-07-31 | Common Stock (75690.0000) | Direct | |
| Stock Appreciation Right | $75.2100 | 2018-01-01 | Common Stock (3300.0000) | Direct | |
| Stock Appreciation Right | $78.9900 | 2021-01-02 | Common Stock (10500.0000) | Direct | |
| Stock Appreciation Right | $84.0000 | 2023-01-01 | Common Stock (18900.0000) | Direct | |
| Stock Appreciation Right | $112.4900 | 2024-01-01 | Common Stock (24500.0000) | Direct | |
| Stock Appreciation Right | $115.0400 | 2025-01-01 | Common Stock (46000.0000) | Direct |
Footnotes
F1: The restricted stock units vest on retirement from UTC on or after age 62 with a minimum of three years of service as a member of UTC's Executive Leadership Group. Each restricted stock unit represents a contingent right to receive one share of United Technologies Corporation Common Stock.
F2: Each Savings Restoration Plan ("SRP") stock unit is the economic equivalent of one share of UTC common stock. The reported SRP stock units were acquired under UTC's Savings Restoration Plan, an excess benefit plan, and are to be settled upon the reporting person's retirement or other termination of service.
F3: The reporting person was also awarded 4,710 performance share units (PSUs) under the UTC Long Term Incentive Plan. Each PSU has a value equal to one share of UTC common stock. These PSUs vest solely upon achievement of pre-established performance targets for UTC's earnings per share and total shareholder return over a three year time period.
F4: 50% of the stock appreciation rights become exercisable on 2/9/2015 and 50% of the stock appreciation rights become exercisable on 12/31/2016, each subject to achievement of pre-established earnings and other financial targets.
F5: The reporting person was also awarded 4,620 performance share units (PSUs) under the UTC Long Term Incentive Plan. Each PSU has a value equal to one share of UTC common stock. These PSUs vest solely upon achievement of pre-established performance targets for UTC's earnings per share and total shareholder return over a three year time period.
F6: The reporting person was also awarded 6,400 performance share units (PSUs) under the UTC Long Term Incentive Plan. Each PSU has a value equal to one share of UTC common stock. These PSUs vest solely upon achievement of pre-established performance targets for UTC's earnings per share and total shareholder return over a three year time period.
F7: The reporting person was also awarded 11,000 performance share units (PSUs) under the UTC Long Term Incentive Plan. Each PSU has a value equal to one share of UTC common stock. These PSUs vest solely upon achievement of pre-established performance targets for UTC's earnings per share and total shareholder return over a three year time period.