SEC Form 4 · accession 0000217346-18-000048
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
Jul 27, 2018
Accepted (ET)
Jul 31, 2018 · 3:27 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 | Jul 27, 2018 | M | 82,647 | $5.65 | A | 639,916 | D | |
| Common StockF1 | Jul 27, 2018 | S | 81,297 | $67.16 | D | 558,619 | D | |
| Common StockF2 | Jul 27, 2018 | S | 1,350 | $67.88 | D | 557,269 | D | |
| Common Stock | holding | — | — | — | 5,555 | I | Held on behalf of the Reporting Person by the Textron Savings Plan (as of 7/27/2018). |
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 BuyF4,F3 | $5.65 | Jul 27, 2018 | M | 82,647 | D | — | Feb 27, 2019 | Common Stock | 82,647 | 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 $66.84 to $67.84, 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, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.85 to $67.94, inclusive.
- F3The option vested in three (3) equal annual installments, beginning on March 1, 2010.
- F4Issued pursuant to the Textron Inc. 2007 Long-Term Incentive Plan.