SEC Form 4 · accession 0001225208-16-026004
RTX Corp · RTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philippe Delpech
Officer — President, Otis Elevator
Period of report
Feb 8, 2016
Accepted (ET)
Feb 10, 2016 · 5:05 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 | — | — | — | 35,393 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF1 | $112.49 | Feb 8, 2016 | A | 32,804 | A | Feb 10, 2016 | Jan 1, 2024 | Common Stock | 32,804 | 32,804 | D |
Explanation of responses
- F1On January 1, 2014, the reporting person was granted 69,500 performance stock appreciation rights (PSARs), 50% of which became exercisable on February 10, 2016. The performance period for the remaining 50% will end on December 31, 2017, and any earned stock appreciation rights (SARs) will become exercisable in February 2018. Vesting of these awards is subject to achievement of pre-established business unit earnings, sales and other financial targets, and final review of company financial results by the Board. The performance criteria were satisfied at the 94.4% level for the first 50% of the grant, resulting in the vesting of 32,804 stock appreciation rights and the cancellation of 1,946 stock appreciation rights.