SEC Form 4 · accession 0000217346-18-000049
TEXTRON INC · TXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
E Robert Lupone
Officer — EVP, General Counsel and Secy
Period of report
Jul 30, 2018
Accepted (ET)
Aug 1, 2018 · 3:08 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 30, 2018 | M | 44,810 | $27.76 | A | 121,838 | D | |
| Common StockF1 | Jul 30, 2018 | S | 44,810 | $67.50 | D | 77,028 | D | |
| Common Stock | Jul 31, 2018 | M | 190 | $27.76 | A | 77,218 | D | |
| Common Stock | Jul 31, 2018 | S | 190 | $67.05 | D | 77,028 | D | |
| Common Stock | holding | — | — | — | 3,233 | I | Shares held on behalf of the Reporting Person by the Textron Savings Plan (as of 07/30/2018). |
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 Buy)F3,F2 | $27.76 | Jul 30, 2018 | M | 44,810 | D | — | Feb 28, 2022 | Common Stock | 44,810 | 190 | D |
| Employee Stock Option (Right to Buy)F3,F2 | $27.76 | Jul 31, 2018 | M | 190 | D | — | Feb 28, 2022 | Common Stock | 190 | 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 $67.50 to $67.51, 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 range set forth.
- F2The option vested in three (3) equal annual installments, beginning on 03/01/2013.
- F3Issued pursuant to the Textron Inc. 2007 Long-Term Incentive Plan.