SEC Form 4 · accession 0001140361-16-085332
CUMMINS INC · CMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marsha L Hunt
Officer — VP-Corp. Controller
Period of report
Nov 4, 2016
Accepted (ET)
Nov 8, 2016 · 10:27 am EST
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 | Nov 4, 2016 | M | 1,800 | $111.84 | A | 4,382 | D | |
| CommonF1 | Nov 4, 2016 | S | 1,800 | $125.4628 | D | 2,582 | D | |
| Common | Nov 7, 2016 | M | 1,540 | $111.84 | A | 4,122 | D | |
| CommonF2 | Nov 7, 2016 | S | 1,540 | $127.5583 | D | 2,582 | D | |
| Common | Nov 7, 2016 | M | 2,570 | $120.28 | A | 5,152 | D | |
| CommonF3 | Nov 7, 2016 | S | 2,570 | $130.2703 | D | 2,582 | D | |
| CommonF4 | holding | — | — | — | 662 | 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) | $120.28 | Nov 7, 2016 | M | 2,570 | D | Apr 2, 2014 | Apr 2, 2022 | Common | 2,570 | 0 | D |
| Stock Option (Right-to-Buy) | $111.84 | Nov 4, 2016 | M | 1,800 | D | Apr 2, 2015 | Apr 2, 2023 | Common | 1,800 | 1,540 | D |
| Stock Option (Right-to-Buy) | $111.84 | Nov 7, 2016 | M | 1,540 | D | Apr 2, 2015 | Apr 2, 2023 | Common | 1,540 | 0 | D |
| Stock Option (Right-to-Buy) | $149.34 | holding | — | — | — | Apr 2, 2017 | Apr 2, 2024 | Common | 2,490 | 2,490 | D |
| Stock Option (Right-to-Buy) | $136.82 | holding | — | — | — | Apr 2, 2018 | Apr 2, 2025 | Common | 3,130 | 3,130 | D |
| Stock Option (Right-to-Buy) | $109.09 | holding | — | — | — | Apr 4, 2019 | Apr 4, 2026 | Common | 6,790 | 6,790 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $125.45 - $125.56. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins 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 indicated.
- F2The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $127.25 - $127.95. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins 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 indicated.
- F3The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $130.25 - $130.37. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins 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 indicated.
- F4The 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.