SEC Form 4 · accession 0001047122-16-000238
RAYTHEON CO/ · RTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas A Kennedy
Officer — Chairman and CEO · Director
Period of report
Mar 23, 2016
Accepted (ET)
Mar 24, 2016 · 5:25 pm EDT
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,F2 | Mar 24, 2016 | S | 11,269 | $123.2061 | D | 115,860 | D | |
| Common StockF1,F3 | Mar 24, 2016 | S | 300 | $123.94 | D | 115,560 | 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 UnitsF4,F5 | — | Mar 23, 2016 | A | 31,487 | A | — | Mar 23, 2020 | Common Stock | 31,487 | 31,487 | D |
Explanation of responses
- F1The stock sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 22, 2016.
- F2The reported price is based on a weighted average of multiple same-day transactions with prices ranging from $122.84 to $123.80 per share. Full information regarding the number of shares sold at each separate price is available to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer upon request.
- F3The reported price is based on a weighted average of multiple same-day transactions with prices ranging from $123.85 to $124.05 per share. Full information regarding the number of shares sold at each separate price is available to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer upon request.
- F4Time-based restricted stock units (RSUs) that represent the right to receive one share of the Issuer's Common Stock per unit.
- F5These RSUs vest in one-third increments on each of the second, third and fourth 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.