SEC Form 4 · accession 0001225208-17-015676
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
May 13, 2016
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 |
|---|---|---|---|---|---|---|---|---|
| Common | May 13, 2016 | G | 3,308 | $0.00 | D | 5,000 | D | |
| Common | Sep 20, 2017 | G | 2,823 | $0.00 | D | 0 | D | |
| Common | Aug 31, 2017 | G | 2,926 | $0.00 | D | 5,074 | I | By GRAT #1 |
| Common | May 13, 2016 | G | 3,308 | $0.00 | A | 28,514 | I | By Trust |
| Common | Aug 31, 2017 | G | 2,926 | $0.00 | A | 13,940 | I | By Trust |
| Common | Sep 20, 2017 | G | 2,823 | $0.00 | A | 16,763 | I | By Trust |
| CommonF3 | holding | — | — | — | 2,765 | 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) | $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 directly-held shares to the reporting person's revocable trust.
- F2Gift of shares from the reporting person's Grantor Retained Annuity Trust #1, of which the reporting person is the sole trustee, to the reporting person's revocable trust.
- 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.