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RTX Corp — Director's Dealing 2016
Nov 16, 2016
29781_dirs_2016-11-16_c44d074f-a930-4710-9618-6fdbec3368ef.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: 2016-11-14
Reporting Person: HAYES GREGORY (Director, Chairman, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-11-14 | Common Stock | M | 90000.0000 | $70.8100 | Acquired | 183825.0000 | Direct |
| 2016-11-14 | Common Stock | D | 7696.0000 | $108.9100 | Disposed | 176129.0000 | Direct |
| 2016-11-14 | Common Stock | S | 15748.0000 | $108.8940 | Disposed | 160381.0000 | Direct |
| 2016-11-14 | Common Stock | D | 29252.0000 | $108.9300 | Disposed | 131129.0000 | Direct |
| 2016-11-14 | Common Stock | D | 29260.0000 | $108.9000 | Disposed | 101869.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-11-14 | Stock Appreciation Right | $70.8100 | M | 90000.0000 | Disposed | 2018-04-08 | Common Stock (90000.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 4940.0000 | Indirect |
| Common Stock | 874.0000 | Indirect |
| Common Stock | 1242.0000 | Indirect |
Footnotes
F1: The Stock Appreciation Rights (SARs) were settled in shares in accordance with terms of the award. For Section 16 reporting purposes, the exercise of SARs for stock is treated as an exempt acquisition of the shares underlying the SARs at the exercise price per share specified in the award of SARs and a simultaneous sale back to the issuer of a number of the underlying shares having a value, based on the market price of the issuer's stock on the date of the exercise, equal to the product of the number of underlying SARs times the exercise price per share.
F2: The price reported in Column 4 is a weighted average price for shares sold in multiple transactions. The sale prices ranged from $108.87 to $108.95 per share. Upon request, the reporting person will provide to the Commission staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F3: 50% of the stock appreciation rights became exercisable on April 9, 2011 and the remaining 50% became exercisable on April 9, 2012.