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: Wood Michael J (Corporate VP and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-03	Common Stock	A	30146	—	Acquired	30146	Direct
2020-04-03	Common Stock	F	796	$49.93	Disposed	29350	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-04-03	Restricted Stock Units	$	A	6673	Acquired		Common Stock (6673)	Direct
2020-04-03	Restricted Stock Units	$	A	6787	Acquired		Common Stock (6787)	Direct
2020-04-03	Restricted Stock Units	$	A	4469	Acquired		Common Stock (4469)	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) 2,552 restricted shares of RTX Common Stock that were converted from restricted shares of Raytheon Common Stock granted on March 21, 2018, (2) 3,761 restricted shares of RTX Common Stock that were converted from restricted shares of Raytheon Common Stock granted on March 20, 2019, and (3) 4,677 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: 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. These RSUs will vest in full at the end of the original LTPP 3-year performance cycle.

F4: 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 Long-Term Performance Plan. These RSUs will vest in full at the end of the original LTPP 3-year performance cycle.

F5: 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 Long-Term Performance Plan. These RSUs will vest in full at the end of the original LTPP 3-year performance cycle.