SEC Form 5 · accession 0001225208-15-001279
CUMMINS INC · CMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Norman Thomas Linebarger
Officer — Chairman & CEO · Director
Period of report
Dec 31, 2015
Accepted (ET)
Jan 13, 2015 · 4:22 pm 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 18, 2014 | G | 1,736 | $0.00 | D | 50,471 | D | |
| CommonF1 | Oct 29, 2014 | G | 6,457 | $0.00 | A | 6,457 | I | By Child #1 |
| CommonF1 | Oct 29, 2014 | G | 6,457 | $0.00 | A | 6,457 | I | By Child #2 |
| CommonF1 | Oct 29, 2014 | G | 6,457 | $0.00 | D | 6,457 | I | By GRAT #1 |
| CommonF1 | Oct 29, 2014 | G | 6,457 | $0.00 | D | 0 | I | By GRAT #1 |
| CommonF2 | holding | — | — | — | 6,695 | I | By 401(k) Plan | |
| Common | holding | — | — | — | 35,658 | I | By Spouse |
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 | 16,360 | 16,360 | D |
| Stock Option (Right-to-Buy) | $19.42 | holding | — | — | — | Mar 2, 2011 | Mar 2, 2019 | Common | 24,830 | 24,830 | D |
| Stock Option (Right-to-Buy) | $120.28 | holding | — | — | — | Apr 2, 2014 | Apr 2, 2022 | Common | 37,510 | 37,510 | D |
| Stock Option (Right-to-Buy) | $111.84 | holding | — | — | — | Apr 2, 2015 | Apr 2, 2023 | Common | 60,100 | 60,100 | D |
| Stock Option (Right-to-Buy) | $149.34 | holding | — | — | — | Apr 2, 2017 | Apr 2, 2024 | Common | 44,890 | 44,890 | D |
| Stock Option (Right-to-Buy) | $119.77 | holding | — | — | — | May 2, 2013 | May 2, 2021 | Common | 13,040 | 13,040 | D |
Explanation of responses
- F1Upon termination of the grantor retained annuity trust previously established by the reporting person, a total of 12,914 shares (6,457 shares each) were transferred to trusts for the benefit of two of the reporting person's children of which the reporting person is the sole trustee. The remaining 19,212 shares in the grantor retained annuity trust were previously distributed to the reporting person and continue to be reported on this Form 5 as directly owned.
- 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.