SEC Form 4 · accession 0001127602-16-039093
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
Jan 29, 2016
Accepted (ET)
Feb 2, 2016 · 4:38 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 StockF1 | Jan 29, 2016 | S | 25,802 | $51.9777 | D | 314,153 | D | |
| Common StockF2 | Jan 29, 2016 | A | 51,956 | $0.00 | A | 366,109 | D | |
| Common StockF3 | 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)F4 | $52.93 | Jan 29, 2016 | A | 274,751 | A | — | Jan 29, 2026 | Common Stock | 274,751 | 274,751 | D |
Explanation of responses
- F1The price in Table 1 is a weighted average sale price. The sales were at prices ranging from $51.72 to $52.22. The Issuer undertakes to provide upon request a detailed breakout of the sale prices and the number of shares sold at each price.
- F2Award of restricted stock units pursuant to 2009 Long-Term Incentive Plan.
- F3Shares held in trust for the benefit of family members of which reporting person is a trustee.
- F4The option becomes exercisable in four equal annual installments beginning on January 29, 2017.