SEC Form 4 · accession 0001225208-15-003595

RTX Corp · RTX

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President, Pratt & Whitney

Period of report

Feb 9, 2015

Accepted (ET)

Feb 11, 2015 · 5:12 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000101829

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Feb 9, 2015	A	6,120	$119.32	A	6,142	D
Common Stock	Feb 9, 2015	F	2,107	$119.32	D	4,035	D
Common Stock	holding	—	—		—	2,641	I	By Savings Plan Trustee

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Appreciation Right^F2	$79.06	Feb 9, 2015	A	37,946	A	Feb 9, 2015	Oct 31, 2022	Common Stock	37,946	37,946	D

F1The acquisition of shares of UTC common stock represents the vesting of performance share units (PSUs) previously awarded on January 3, 2012 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. The PSUs vested solely upon achievement of pre-established performance targets for UTC's earnings per share and total shareholder return over a three-year performance period.
F2On November 1, 2012, the reporting person was granted 77,440 performance stock appreciation rights, 50% of which became exercisable on February 9, 2015 and 50% of which may become exercisable December 31, 2016, in each case subject to and following confirmation of achievement of pre-established business unit earnings, sales and other financial targets. The grant of 77,440 performance stock appreciation rights was incorrectly reported on a Form 3 filed on September 20, 2013 (performance-based stock appreciation rights not tied to the market price of the issuer's stock need not be reported until vesting upon achievement of performance conditions). The performance criteria were satisfied at the 98% level for the first 50% of the grant, resulting in the vesting of 37,946 stock appreciation rights and the cancellation of 774 stock appreciation rights, both as of February 9, 2015.