SEC Form 4 · accession 0000217346-17-000023
TEXTRON INC · TXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cheryl H Johnson
Officer — Executive VP, Human Resources
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 2:00 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, 2017 | A | 4,299 | $0.00 | A | 35,947 | D | |
| Common Stock | Mar 1, 2017 | F | 994 | $49.58 | D | 34,953 | D | |
| Common Stock | Mar 1, 2017 | M | 514 | $0.00 | A | 35,467 | D | |
| Common Stock | Mar 1, 2017 | D | 514 | $49.58 | D | 34,953 | D | |
| Common Stock | holding | — | — | — | 2,882 | 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 BuyF2,F1 | $49.58 | Mar 1, 2017 | A | 15,647 | A | — | Mar 1, 2027 | Common Stock | 15,647 | 15,647 | D |
| Cash-Settled Restricted Stock UnitsF5,F3,F4 | $0.00 | Mar 1, 2017 | M | 514 | D | — | — | Common Stock | 514 | 0 | D |
Explanation of responses
- F1The option vests in three (3) equal annual installments, beginning on 03/01/2018.
- F2Issued pursuant to the Textron Inc. 2015 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 three (3) equal annual installments, beginning on March 1, 2015.
- F5Issued pursuant to the Textron Inc. 2007 Long-Term Incentive Plan.