SEC Form 4 · accession 0000217346-15-000018
TEXTRON INC · TXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark S Bamford
Officer — VP and Corporate Controller
Period of report
Mar 1, 2015
Accepted (ET)
Mar 3, 2015 · 2:55 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000217346
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 1, 2015 | A | 1,697 | $0.00 | A | 10,338 | D | |
| Common Stock | Mar 1, 2015 | M | 2,661 | $0.00 | A | 12,999 | D | |
| Common Stock | Mar 1, 2015 | D | 2,661 | $44.31 | D | 10,338 | D | |
| Common Stock | holding | — | — | — | 1,029 | I | Held on behalf of the Reporting Person by the Textron Savings Plan (as of 02-27-2015). |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option - Right to BuyF2,F1 | $44.31 | Mar 1, 2015 | A | 5,277 | A | — | Feb 28, 2025 | Common Stock | 5,277 | 5,277 | D |
| Cash-Settled Restricted Stock UnitsF2,F3,F4 | $0.00 | Mar 1, 2015 | M | 1,092 | D | — | — | Common Stock | 1,092 | 0 | D |
| Cash-Settled Restricted Stock UnitsF2,F3,F5 | $0.00 | Mar 1, 2015 | M | 505 | D | — | — | Common Stock | 505 | 505 | D |
| Cash-Settled Restricted Stock UnitsF2,F3,F6 | $0.00 | Mar 1, 2015 | M | 1,064 | D | — | — | Common Stock | 1,064 | 2,128 | D |
Explanation of responses
- F1The option vests in three (3) equal annual installments, beginning on March 1, 2016.
- F2Issued pursuant to the Textron 2007 Long-Term Incentive Plan.
- F3Each stock unit is valued based upon the value of one (1) share of Textron Inc. Common Stock.
- F4Payable in cash in five (5) equal annual installments, beginning on March 1, 2011.
- F5Payable in cash in five (5) equal annual installments, beginning on March 1, 2012.
- F6Payable in cash in three (3) equal annual installments, beginning on March 1, 2015.