SEC Form 4 · accession 0001225208-16-024377
RTX Corp · RTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Robert F Leduc
Officer — President, Pratt & Whitney
Period of report
Jan 15, 2016
Accepted (ET)
Jan 19, 2016 · 5:04 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 | holding | — | — | — | 11,005 | D | ||
| Common Stock | holding | — | — | — | 4,033 | I | By Savings Plan Trustee |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Jan 15, 2016 | A | 15,770 | A | — | — | Common Stock | 15,770 | 15,770 | D |
| Stock Appreciation RightF3 | $85.63 | Jan 15, 2016 | A | 88,000 | A | Jan 15, 2019 | Jan 14, 2026 | Common Stock | 88,000 | 88,000 | D |
Explanation of responses
- F1Restricted stock units (RSUs) convert into UTC common stock on a one-for-one basis.
- F2The restricted stock units vest on retirement from UTC on or after age 62 with a minimum of three years of service as a member of UTC's Executive Leadership Group. Each restricted stock unit represents a contingent right to receive one share of United Technologies Corporation Common Stock.
- F3The reporting person was also awarded 17,600 performance share units (PSUs) under the UTC Long Term Incentive Plan. Each PSU has a value equal to one share of UTC common stock. These PSUs vet 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 period.