RTX Corp — Director's Dealing 2020

Apr 8, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYTHEON TECHNOLOGIES CORP (RTX)
CIK: 0000101829
Period of Report: 2020-04-03

Reporting Person: O'Brien Anthony F (EVP, Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-03	Common Stock	A	90314	—	Acquired	90314	Direct
2020-04-03	Common Stock	F	2841	$49.93	Disposed	87473	Direct
2020-04-03	Common Stock	A	10663	—	Acquired	10663	Indirect
2020-04-03	Common Stock	A	1230	—	Acquired	1230	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-04-03	Restricted Stock Units	$	A	28464	Acquired		Common Stock (28464)	Direct
2020-04-03	Restricted Stock Units	$	A	30733	Acquired		Common Stock (30733)	Direct
2020-04-03	Restricted Stock Units	$	A	20233	Acquired		Common Stock (20233)	Direct

Footnotes

F1: Pursuant to the terms of the Agreement and Plan of Merger, dated as of June 9, 2019, as amended by Amendment No. 1 to the Agreement and Plan of Merger, dated as of March 9, 2020, by and between United Technologies Corporation ("UTC") and Raytheon Company ("Raytheon") (the "Merger Agreement"), on April 3, 2020 (the "Closing Date"), Raytheon became a wholly owned subsidiary of UTC, with UTC becoming Raytheon Technologies Corporation. Pursuant to the Merger Agreement, on the Closing Date, each share of Raytheon Common Stock held by the reporting person was converted automatically into 2.3348 shares of UTC Common Stock.

F2: Includes (1) 10,936 restricted shares of RTX Common Stock that were converted from restricted shares of Raytheon Common Stock granted on March 21, 2018, (2) 16,860 restricted shares of RTX Common Stock that were converted from restricted shares of Raytheon Common Stock granted on March 20, 2019, and (3) 20,964 restricted shares of RTX Common Stock that were converted from restricted shares of Raytheon Common Stock granted on March 25, 2020, pursuant to the terms of the Merger Agreement. All such shares continue to vest in one-third increments on each of the second, third and fourth anniversaries of their original date of grant, as applicable.

F3: The Reporting Person indirectly beneficially owns 10,663 shares of RTX Common Stock based on funds in the Reporting Person's Savings and Investment Plan/Excess Savings Plan Account.

F4: The Reporting Person indirectly beneficially owns 1,230 shares of RTX Common Stock based on funds in the Reporting Person's other employee benefit plan account.

F5: Represents RTX restricted stock units ("RSUs") that, pursuant to the terms of the Merger Agreement, were converted from Raytheon performance-based vesting restricted stock units granted on January 24, 2018 under the 2018-2020 Long-Term Performance Plan ("LTPP"). These RSUs will vest in full at the end of the original LTPP 3-year performance cycle.

F6: Represents RTX RSUs that, pursuant to the terms of the Merger Agreement, were converted from Raytheon performance-based vesting restricted stock units granted on January 30, 2019 under the 2019-2021 LTPP. These RSUs will vest in full at the end of the original LTPP 3-year performance cycle.

F7: Represents RTX RSUs that, pursuant to the terms of the Merger Agreement, were converted from Raytheon performance-based vesting restricted stock units granted on January 29, 2020 under the 2020-2022 LTPP. These RSUs will vest in full at the end of the original LTPP 3-year performance cycle.