SEC Form 4 · accession 0001225208-17-015675
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
Aug 30, 2017
Accepted (ET)
Oct 3, 2017 · 10:49 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 |
|---|---|---|---|---|---|---|---|---|
| CommonF1 | Aug 30, 2017 | G | 16,266 | $0.00 | A | 40,873 | D | |
| CommonF2 | Sep 6, 2017 | G | 15,000 | $0.00 | A | 55,873 | D | |
| CommonF1 | Aug 31, 2017 | G | 3,082 | $0.00 | A | 9,539 | I | By Child #1 |
| CommonF1 | Aug 31, 2017 | G | 3,082 | $0.00 | A | 9,539 | I | By Child #2 |
| CommonF1 | Aug 30, 2017 | G | 16,266 | $0.00 | D | 6,164 | I | GRAT #1 |
| CommonF1 | Aug 31, 2017 | G | 3,082 | $0.00 | D | 3,082 | I | GRAT #1 |
| CommonF1 | Aug 31, 2017 | G | 3,082 | $0.00 | D | 0 | I | GRAT #1 |
| CommonF2 | Sep 6, 2017 | G | 15,000 | $0.00 | D | 27,386 | I | GRAT #2 |
| CommonF3 | holding | — | — | — | 7,516 | I | By 401(k) Plan | |
| Common | holding | — | — | — | 240 | 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) | $19.42 | holding | — | — | — | Mar 2, 2011 | Mar 2, 2019 | Common | 24,830 | 24,830 | D |
| 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) | $109.09 | holding | — | — | — | Apr 4, 2019 | Apr 4, 2026 | Common | 131,920 | 131,920 | 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) | $119.77 | holding | — | — | — | May 2, 2013 | May 2, 2021 | Common | 13,040 | 13,040 | 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) | $136.82 | holding | — | — | — | Apr 2, 2018 | Apr 2, 2025 | Common | 60,780 | 60,780 | 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) | $149.72 | holding | — | — | — | Apr 3, 2020 | Apr 3, 2027 | Common | 85,050 | 85,050 | D |
Explanation of responses
- F1Upon termination of the Grantor Retained Annuity Trust #1 by the reporting person, a total of 6,164 shares (3,082 shares each) were distributed to trusts for the benefit of two of the reporting person's children of which the reporting person is the sole trustee and the remaining 16,266 shares in the Grantor Retained Annuity Trust #1 were distributed to The Norman Thomas Linebarger Revocable Trust.
- F2Return of shares from the Grantor Retained Annuity Trust #2.
- 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.