SEC Form 4 · accession 0001127602-16-051548
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
May 9, 2016
Accepted (ET)
May 9, 2016 · 6:36 pm EDT
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 | May 9, 2016 | M | 59,375 | $32.36 | A | 425,591 | D | |
| Common Stock | May 9, 2016 | S | 59,375 | $57.0405 | D | 366,216 | D | |
| Common Stock | May 9, 2016 | M | 56,250 | $32.80 | A | 422,466 | D | |
| Common Stock | May 9, 2016 | S | 56,250 | $57.0405 | D | 366,216 | 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 | $32.36 | May 9, 2016 | M | 59,375 | D | — | Jan 26, 2022 | Common Stock | 59,375 | 0 | D |
| NQ Stock Option (Right to Buy)F4 | $32.80 | May 9, 2016 | M | 56,250 | D | — | Jan 25, 2023 | Common Stock | 56,250 | 56,250 | D |
Explanation of responses
- F1The price in Table 1 is a weighted average sale price. The sales were at prices ranging from $57.000 to $57.1300. 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 26, 2013.
- F4The option becomes exercisable in four equal annual installments beginning on January 25, 2014.