SEC Form 4 · accession 0000217346-17-000022
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
Feb 28, 2017
Accepted (ET)
Mar 2, 2017 · 4:38 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 | Feb 28, 2017 | M | 519 | $20.76 | A | 11,736 | D | |
| Common Stock | Feb 28, 2017 | S | 519 | $47.90 | D | 11,217 | D | |
| Common Stock | Mar 1, 2017 | A | 1,697 | $0.00 | A | 12,914 | D | |
| Common Stock | Mar 1, 2017 | F | 454 | $49.58 | D | 12,460 | D | |
| Common Stock | Mar 1, 2017 | M | 1,064 | $0.00 | A | 13,524 | D | |
| Common Stock | Mar 1, 2017 | D | 1,064 | $49.58 | D | 12,460 | D | |
| Common Stock | holding | — | — | — | 1,699 | I | Held on behalf of the Reporting Person by the Textron Savings Plan (as of 03/01/2017). |
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 BuyF1 | $20.76 | Feb 28, 2017 | M | 259 | D | Aug 1, 2011 | Mar 1, 2017 | Common Stock | 259 | 0 | D |
| Employee Stock Option - Right to BuyF1 | $20.76 | Feb 28, 2017 | M | 260 | D | Aug 1, 2011 | Feb 28, 2018 | Common Stock | 260 | 0 | D |
| Employee Stock Option - Right to BuyF3,F2 | $49.58 | Mar 1, 2017 | A | 6,177 | A | — | Mar 1, 2027 | Common Stock | 6,177 | 6,177 | D |
| Cash-Settled Restricted Stock UnitsF1,F4,F5 | $0.00 | Mar 1, 2017 | M | 1,064 | D | — | — | Common Stock | 1,064 | 0 | D |
Explanation of responses
- F1Issued pursuant to the Textron Inc. 2007 Long-Term Incentive Plan.
- F2The option vests in three (3) equal annual installments, beginning on 03/01/2018.
- F3Issued pursuant to the Textron Inc. 2015 Long-Term Incentive Plan.
- F4Each stock unit is valued based upon the value of one (1) share of Textron Inc. Common Stock.
- F5Payable in cash in three (3) equal annual installments, beginning on March 1, 2015.