SEC Form 4 · accession 0001127602-16-039108
TEXAS INSTRUMENTS INC · TXN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Teresa L West
Officer — Sr. Vice President
Period of report
Jan 29, 2016
Accepted (ET)
Feb 2, 2016 · 4:48 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 | A | 12,753 | $0.00 | A | 88,077 | D | |
| Common StockF2 | Jan 29, 2016 | S | 16,600 | $51.98 | D | 71,477 | D | |
| Common StockF3 | Jan 29, 2016 | S | 5,900 | $52.34 | D | 65,577 | D | |
| Common StockF4 | holding | — | — | — | 1,400 | I | By Self For Children | |
| Common StockF5 | holding | — | — | — | 250 | I | By Trust--401(k) | |
| Common StockF6 | holding | — | — | — | 6,756 | I | By Trust--PS |
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)F7 | $52.93 | Jan 29, 2016 | A | 67,439 | A | — | Jan 29, 2026 | Common Stock | 67,439 | 67,439 | D |
Explanation of responses
- F1Award of restricted stock units pursuant to 2009 Long-Term Incentive Plan.
- F2Sales effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on 2-13-2015. The price in Table 1 is a weighted average sale price. The sales were at prices ranging from $51.17 to $52.16. The Issuer undertakes to provide upon request a detailed breakout of the sale prices and the number of shares sold at each price set forth in footnotes (2) and (3) to this Form 4.
- F3Sales effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on 2-13-2015. The price in Table 1 is a weighted average sale price. The sales were at prices ranging from $52.17 to $52.44.
- F4Held by custodian for account of minors.
- F5Estimated shares attributable to TI 401(k) Account as of 12-31-2015. (Interests in this account are denominated in units. Consequently, share amount shown is an estimate.) This statement does not include changes in beneficial ownership of shares held in this account occurring after 12-31-2015 that are eligible for deferred reporting on Form 5.
- F6Estimated shares attributable to TI Universal Profit Sharing Account as of 12-31-2015. (Interests in this account are denominated in units. Consequently, share amount shown is an estimate.) This statement does not include changes in beneficial ownership of shares held in such account occurring after 12-31-2015 that are eligible for deferred reporting on Form 5.
- F7The option becomes exercisable in four equal annual installments beginning on January 29, 2017.