SEC Form 4 · accession 0000217346-17-000025
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, 2017
Accepted (ET)
Mar 3, 2017 · 2:13 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 | M | 17,699 | $5.65 | A | 514,058 | D | |
| Common Stock | Mar 1, 2017 | A | 60,350 | $0.00 | A | 574,408 | D | |
| Common Stock | Mar 1, 2017 | F | 39,285 | $49.58 | D | 535,123 | D | |
| Common Stock | holding | — | — | — | 5,212 | I | Held on behalf of 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 Buy)F2,F1 | $5.65 | Mar 1, 2017 | M | 17,699 | D | — | Feb 28, 2019 | Common Stock | 17,699 | 0 | D |
| Employee Stock Option (Right to Buy)F4,F3 | $49.58 | Mar 1, 2017 | A | 219,619 | A | — | Feb 28, 2027 | Common Stock | 219,619 | 219,619 | D |
Explanation of responses
- F1The option vested in three (3) equal annual installments, beginning on 03/01/2010.
- F2Issued pursuant to the Textron Inc. 2007 Long-Term Incentive Plan.
- F3The option vests in three (3) equal annual installments, beginning on 03/01/2018.
- F4Issued pursuant to the Textron Inc. 2015 Long-Term Incentive Plan.