SEC Form 4 · accession 0000217346-18-000035
TEXTRON INC · TXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank T Connor
Officer — Executive Vice President & CFO
Period of report
Apr 27, 2018
Accepted (ET)
May 1, 2018 · 9:33 pm EDT
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 | Apr 27, 2018 | M | 80,000 | $14.34 | A | 193,724 | D | |
| Common StockF1 | Apr 27, 2018 | S | 80,000 | $62.99 | D | 113,724 | D | |
| Common Stock | holding | — | — | — | 26,437 | I | By trust | |
| Common Stock | holding | — | — | — | 4,169 | I | Held on behalf of the Reporting Person by the Textron Savings Plan (as of 04/27/2018). |
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 BuyF3,F2 | $14.34 | Apr 27, 2018 | M | 80,000 | D | — | Aug 5, 2019 | Common Stock | 80,000 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.57 to $63.25, inclusive. The Reporting Person undertakes to provide to Textron Inc., any security holder of Textron Inc. or the staff of the Securities and Exchange Commission, upon request, with full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1).
- F2The option vested in three (3) equal annual installlments, beginning on March 1, 2010.
- F3Issued pursuant to the Textron Inc. 2007 Long-Term Incentive Plan.