SEC Form 4 · accession 0001047122-15-000022
RAYTHEON CO/ · RTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith J Peden
Officer — Senior Vice President
Period of report
Dec 1, 2014
Accepted (ET)
Feb 3, 2015 · 5:56 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001047122
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 1, 2014 | M | 264 | — | A | 26,431 | D | |
| Common Stock | Dec 1, 2014 | F | 264 | $106.28 | D | 26,167 | D | |
| Common Stock | Jan 30, 2015 | D | 20,207 | $0.00 | D | 5,960 | D |
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 | — | Dec 1, 2014 | M | 264 | D | — | May 29, 2018 | Common Stock | 6,187 | 5,923 | D |
| Restricted Stock UnitsF1,F3 | — | Jan 30, 2015 | A | 20,207 | A | — | Jan 30, 2018 | Common Stock | 20,207 | 26,130 | D |
Explanation of responses
- F1Time-based restricted stock units (RSUs) that represent the right to receive one share of the Issuer's Common Stock per unit.
- F2Vesting of RSUs and delivery of shares to satisfy federal tax obligations with respect to the RSUs awarded on May 29, 2014 pursuant to the Reporting Person's RSU Agreement.
- F3These RSUs vest in one-third increments on each of the first, second and third anniversaries of the date of grant and continue to vest (but do not accelerate) on the scheduled vesting dates into retirement, subject to the employee's compliance with certain post-employment covenants.