SEC Form 4 · accession 0000217346-17-000026
TEXTRON INC · TXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank T Connor
Officer — Executive VP and CFO
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 2:21 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 StockF1 | Mar 1, 2017 | A | 17,199 | $0.00 | A | 141,537 | D | |
| Common Stock | Mar 1, 2017 | F | 9,582 | $49.58 | D | 131,955 | D | |
| Common StockF2 | Mar 2, 2017 | G | 26,437 | $0.00 | D | 105,518 | D | |
| Common StockF2 | Mar 2, 2017 | G | 26,437 | $0.00 | A | 26,437 | I | By trust |
| Common Stock | holding | — | — | — | 3,797 | 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 Buy)F4,F3 | $49.58 | Mar 1, 2017 | A | 62,591 | A | — | Feb 28, 2027 | Common Stock | 62,591 | 62,591 | D |
Explanation of responses
- F1Total includes shares acquired in dividend reinvestment transactions not required to be reported.
- F2These shares were gifted to a trust, of which Reporting Person's spouse is the sole trustee, for the benefit of Reporting Person's immediate family members.
- 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.