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TEXTRON INC — Director's Dealing 2005
Jan 19, 2005
30438_dirs_2005-01-19_af4dbdd5-8b9a-4a36-a7f3-845c20a530e1.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2005-01-14
Reporting Person: YATES RICHARD L (Senior VP and Controller)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2005-01-14 | Common Stock | M | 1600 | — | Acquired | 5100 | Direct |
| 2005-01-14 | Common Stock | D | 1600 | $70.983 | Disposed | 3500 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2005-01-14 | Phantom Stock | $0 | M | 1600 | Disposed | Common Stock (1600) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1349.589 | Indirect |
| Common Stock | 144.999 | Indirect |
Footnotes
F1: Converts to the cash equivalent of Textron Common Stock on a 1-for-1 basis.
F2: The phantom stock vests in five annual installments as follows: 1,000 shares on December 31, 2001; 1,200 shares on December 31, 2002; 1,400 shares on December 31, 2003; 1,600 shares on December 31, 2004; and 2,000 shares on December 31, 2005. Vested shares of phantom stock are payable in cash only. Calculation of the per share price is based on an average of the closing price of Textron Common Stock on the first ten trading days following the vesting date.