RTX Corp — Director's Dealing 2019

Feb 13, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED TECHNOLOGIES CORP /DE/ (UTX)
CIK: 0000101829
Period of Report: 2019-02-11

Reporting Person: HAYES GREGORY (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-11	Common Stock	A	61480.0000	$122.7200	Acquired	170446.0000	Direct
2019-02-11	Common Stock	F	27335.0000	$122.7200	Disposed	143111.0000	Direct
2019-02-12	Common Stock	M	86000.0000	$71.6300	Acquired	229111.0000	Direct
2019-02-12	Common Stock	S	35942.0000	$123.8131	Disposed	193169.0000	Direct
2019-02-12	Common Stock	D	50058.0000	$123.0600	Disposed	143111.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-12	Stock Appreciation Right	$71.6300	M	86000.0000	Disposed	2020-01-03	Common Stock (86000.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	164.0000	Indirect
Common Stock	5184.0000	Indirect
Common Stock	874.0000	Indirect
Common Stock	1303.0000	Indirect

Footnotes

F1: The acquisition of shares of UTC common stock represents the vesting of performance share units (PSUs) previously awarded on January 4, 2016 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. These PSUs vest solely upon achievement of pre-established performance targets for UTC's return on invested capital, earnings per share growth and total shareholder return relative to the S&P 500 index over a three-year time period. The performance criteria were satisfied at the 116% level.

F2: 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.

F3: The price reported in Column 4 is a weighted average price for shares sold in multiple transactions. The sale prices range from $123.00 to $124.30 per share. The reporting person has provided to the issuer, and undertakes to provide to the Commission staff or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.