SEC Form 4 · accession 0000217346-15-000021
TEXTRON INC · TXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott C Donnelly
Officer — Chairman, President & CEO · Director
Period of report
Mar 1, 2015
Accepted (ET)
Mar 3, 2015 · 3:38 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 | 62,574 | $0.00 | A | 487,513 | D | |
| Common Stock | Mar 1, 2015 | F | 21,696 | $44.31 | D | 465,817 | D | |
| Common Stock | Mar 1, 2015 | M | 17,474 | $0.00 | A | 483,291 | D | |
| Common Stock | Mar 1, 2015 | D | 17,474 | $44.31 | D | 465,817 | D | |
| Common Stock | holding | — | — | — | 4,511 | I | Held on behalf of 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 Buy)F2,F1 | $44.31 | Mar 1, 2015 | A | 194,546 | A | — | Feb 28, 2025 | Common Stock | 194,546 | 194,546 | D |
| Cash-Settled Restricted Stock UnitsF2,F3,F4 | $0.00 | Mar 1, 2015 | M | 17,474 | D | — | — | Common Stock | 17,474 | 0 | 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 cash-settled restricted stock unit is valued upon vesting 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.