SEC Form 4 · accession 0001127602-15-030905
TEXAS INSTRUMENTS INC · TXN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian T Crutcher
Officer — Executive Vice President
Period of report
Nov 6, 2015
Accepted (ET)
Nov 9, 2015 · 6:35 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000097476
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 6, 2015 | M | 112,500 | $32.80 | A | 452,341 | D | |
| Common StockF1 | Nov 6, 2015 | S | 112,500 | $57.3766 | D | 339,841 | D | |
| Common StockF2 | holding | — | — | — | 59,219 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NQ Stock Option (Right to Buy)F3 | $32.80 | Nov 6, 2015 | M | 112,500 | D | — | Jan 25, 2023 | Common Stock | 112,500 | 112,500 | D |
Explanation of responses
- F1The price in Table 1 is a weighted average sale price. The sales were at prices ranging from $57.2650 to $57.5000. The Issuer undertakes to provide upon request a detailed breakout of the sale prices and the number of shares sold at each price.
- F2Shares held in trust for the benefit of family members of which reporting person is a trustee.
- F3The option becomes exercisable in four equal annual installments beginning on January 25, 2014.