SEC Form 4 · accession 0001140361-16-077716
CUMMINS INC · CMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Joseph Freeland
Officer — President & COO
Period of report
Aug 22, 2016
Accepted (ET)
Aug 24, 2016 · 2:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000026172
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common | Aug 22, 2016 | G | 8,000 | $0.00 | D | 17,206 | I | By Trust |
| Common | Aug 22, 2016 | G | 8,000 | $0.00 | A | 8,000 | I | By GRAT #1 |
| Common | holding | — | — | — | 5,808 | D | ||
| CommonF2 | holding | — | — | — | 2,611 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right-to-Buy) | $58.115 | holding | — | — | — | Mar 1, 2012 | Mar 1, 2020 | Common | 10,900 | 10,900 | D |
| Stock Option (Right-to-Buy) | $19.42 | holding | — | — | — | Mar 2, 2011 | Mar 2, 2019 | Common | 3,650 | 3,650 | D |
| Stock Option (Right-to-Buy) | $120.28 | holding | — | — | — | Apr 2, 2014 | Apr 2, 2022 | Common | 11,030 | 11,030 | D |
| Stock Option (Right-to-Buy) | $111.84 | holding | — | — | — | Apr 2, 2015 | Apr 2, 2023 | Common | 16,450 | 16,450 | D |
| Stock Option (Right-to-Buy) | $149.34 | holding | — | — | — | Apr 2, 2017 | Apr 2, 2024 | Common | 12,290 | 12,290 | D |
| Stock Option (Right-to-Buy) | $136.82 | holding | — | — | — | Apr 2, 2018 | Apr 2, 2025 | Common | 22,340 | 22,340 | D |
| Stock Option (Right-to-Buy) | $109.09 | holding | — | — | — | Apr 4, 2019 | Apr 4, 2026 | Common | 48,500 | 48,500 | D |
| Stock Option (Right-to-Buy) | $119.77 | holding | — | — | — | May 2, 2013 | May 2, 2021 | Common | 8,150 | 8,150 | D |
| Stock Option (Right-to-Buy) | $154.20 | holding | — | — | — | Jul 16, 2017 | Jul 16, 2024 | Common | 1,960 | 1,960 | D |
Explanation of responses
- F1Gift of shares from the reporting person's revocable trust to the Grantor Retained Annuity Trust #1, of which the reporting person is the sole trustee.
- F2The number of shares is based on the dollar value of the reporting person's interest in the Cummins Stock Fund under the Company's 401(k) plan as most recently provided by the plan. The actual number of shares underlying the interest is not known since the Cummins Stock Fund is a unitized account consisting of approximately 98% common stock and 2% cash or cash equivalents.