SEC Form 4 · accession 0001225208-18-014434
CUMMINS INC · CMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Pat Ward
Officer — VP - Chief Financial Officer
Period of report
Oct 2, 2018
Accepted (ET)
Oct 4, 2018 · 4:42 pm 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 | Apr 5, 2018 | G | 2,282 | $0.00 | D | 0 | D | |
| CommonF2 | Oct 2, 2018 | G | 7,984 | $0.00 | A | 7,984 | D | |
| CommonF3 | Oct 2, 2018 | S | 2,282 | $147.98 | D | 5,702 | D | |
| CommonF3 | Oct 3, 2018 | S | 2,221 | $149.90 | D | 3,481 | D | |
| Common | Apr 5, 2018 | G | 2,282 | $0.00 | A | 27,232 | I | By Trust |
| CommonF4 | Oct 2, 2018 | G | 7,984 | $0.00 | D | 19,248 | I | By Trust |
| CommonF5 | holding | — | — | — | 1,226 | 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 | 38,810 | 38,810 | D |
| Stock Option (Right-to-Buy) | $111.84 | holding | — | — | — | Apr 2, 2015 | Apr 2, 2023 | Common | 15,020 | 15,020 | 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 | 15,420 | 15,420 | D |
| Stock Option (Right-to-Buy) | $149.34 | holding | — | — | — | Apr 2, 2017 | Apr 2, 2024 | Common | 11,220 | 11,220 | D |
| Stock Option (Right-to-Buy) | $149.72 | holding | — | — | — | Apr 3, 2020 | Apr 3, 2027 | Common | 25,010 | 25,010 | D |
| Stock Option (Right-to-Buy) | $160.10 | holding | — | — | — | Apr 3, 2021 | Apr 3, 2028 | Common | 17,380 | 17,380 | D |
Explanation of responses
- F1Reflects a negative adjustment of 16 shares since the Reporting Person's last Form 4 to reflect an increase in the number of shares withheld to satisfy tax liabilities related to earned performance shares.
- F2Reflects an increase for 7,984 shares previously held by the Diane E. Ward Revocable Trust, of which the reporting person is the trustee and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F3Sale pursuant to Rule 10b5-1 Trading Plan entered into on August 3, 2018.
- F4Reflects a decrease of 7,984 shares that were distributed to the reporting person.
- F5The 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.