SEC Form 4 · accession 0001225208-17-012452
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
Jul 6, 2017
Accepted (ET)
Jul 10, 2017 · 10:22 am 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 | May 10, 2017 | G | 8,000 | $0.00 | A | 14,131 | D | |
| Common | Jul 6, 2017 | M | 10,900 | $58.115 | A | 25,031 | D | |
| Common | Jul 6, 2017 | M | 3,650 | $19.42 | A | 28,681 | D | |
| Common | Jul 6, 2017 | S | 8,000 | $165.00 | D | 20,681 | D | |
| Common | Jul 6, 2017 | S | 14,550 | $165.00 | D | 6,131 | D | |
| Common | May 10, 2017 | G | 8,000 | $0.00 | D | 7,706 | I | By Trust |
| CommonF3 | holding | — | — | — | 2,747 | I | By 401(k) Plan | |
| Common | holding | — | — | — | 8,000 | I | By GRAT #1 |
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 | Jul 6, 2017 | M | 10,900 | D | Mar 1, 2012 | Mar 1, 2020 | Common | 10,900 | 0 | D |
| Stock Option (Right-to-Buy) | $19.42 | Jul 6, 2017 | M | 3,650 | D | Mar 2, 2011 | Mar 2, 2019 | Common | 3,650 | 0 | 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) | $111.84 | holding | — | — | — | Apr 2, 2015 | Apr 2, 2023 | Common | 16,450 | 16,450 | 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) | $120.28 | holding | — | — | — | Apr 2, 2014 | Apr 2, 2022 | Common | 11,030 | 11,030 | 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) | $149.34 | holding | — | — | — | Apr 2, 2017 | Apr 2, 2024 | Common | 12,290 | 12,290 | D |
| Stock Option (Right-to-Buy) | $149.72 | holding | — | — | — | Apr 3, 2020 | Apr 3, 2027 | Common | 31,270 | 31,270 | 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 reporting person's directly-held shares.
- F2Transactions pursuant to Rule 10b5-1 Trading Plan entered into on February 23, 2017.
- F3The 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.