SEC Form 4 · accession 0001225208-16-029731
BORGWARNER INC · BWA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven G. Carlson
Officer — Vice President and Controller
Period of report
Mar 11, 2016
Accepted (ET)
Mar 14, 2016 · 9:30 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000908255
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 11, 2016 | M | 24,000 | $29.09 | A | 65,693 | D | |
| Common StockF1 | Mar 11, 2016 | S | 24,000 | $35.7838 | D | 41,693 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock optionF2 | $29.09 | Mar 11, 2016 | M | 24,000 | D | — | Jul 26, 2016 | Common Stock | 24,000 | 0 | D |
Explanation of responses
- F1The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $35.70 to $35.90, inclusive. The reporting person undertakes to provide BorgWarner, any security holder of BorgWarner, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in Footnote 1 of this Form 4.
- F2The listed securities were currently exercisable.