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RTX Corp — Director's Dealing 2016
Feb 10, 2016
29781_dirs_2016-02-10_66fdaad2-56ae-4032-9d47-2b74b66fbe6b.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: 2016-02-08
Reporting Person: DELPECH PHILIPPE (President, Otis Elevator)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-02-08 | Stock Appreciation Right | $112.4900 | A | 32804.0000 | Acquired | 2024-01-01 | Common Stock (32804.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 35393.0000 | Direct |
Footnotes
F1: On January 1, 2014, the reporting person was granted 69,500 performance stock appreciation rights (PSARs), 50% of which became exercisable on February 10, 2016. The performance period for the remaining 50% will end on December 31, 2017, and any earned stock appreciation rights (SARs) will become exercisable in February 2018. Vesting of these awards is subject to achievement of pre-established business unit earnings, sales and other financial targets, and final review of company financial results by the Board. The performance criteria were satisfied at the 94.4% level for the first 50% of the grant, resulting in the vesting of 32,804 stock appreciation rights and the cancellation of 1,946 stock appreciation rights.