SEC Form 4 · accession 0000217346-19-000016
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
Feb 20, 2019
Accepted (ET)
Feb 22, 2019 · 6:10 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 | Feb 20, 2019 | M | 150,226 | $20.21 | A | 707,495 | D | |
| Common StockF2 | Feb 20, 2019 | S | 150,226 | $55.04 | D | 557,269 | D | |
| Common Stock | Feb 21, 2019 | M | 305 | $20.21 | A | 557,574 | D | |
| Common StockF3 | Feb 21, 2019 | S | 305 | $55.04 | D | 557,269 | D | |
| Common Stock | Feb 22, 2019 | M | 80,123 | $20.21 | A | 637,392 | D | |
| Common StockF4 | Feb 22, 2019 | S | 80,123 | $55.03 | D | 557,269 | D | |
| Common Stock | holding | — | — | — | 5,698 | I | Held on behalf of the Reporting Person by the Textron Savings Plan (as of 2/21/2019). |
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 BuyF6,F5 | $20.21 | Feb 20, 2019 | M | 150,226 | D | — | Feb 29, 2020 | Common Stock | 150,226 | 85,376 | D |
| Employee Stock Option - Right to BuyF6,F5 | $20.21 | Feb 21, 2019 | M | 305 | D | — | Feb 29, 2020 | Common Stock | 305 | 85,071 | D |
| Employee Stock Option - Right to BuyF6,F5 | $20.21 | Feb 22, 2019 | M | 80,123 | D | — | Feb 29, 2020 | Common Stock | 80,123 | 4,948 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.00 to $55.19, 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 (2), (3) and (4) to this Form 4.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.00 to $55.06, inclusive.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.00 to $55.11, inclusive.
- F5The option vested in three (3) equal annual installments, beginning on March 1, 2011.
- F6Issued pursuant to the Textron Inc. 2007 Long-Term Incentive Plan.