SEC Form 4 · accession 0001127602-16-051662
TEXAS INSTRUMENTS INC · TXN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin J Ritchie
Officer — Sr. Vice President
Period of report
May 9, 2016
Accepted (ET)
May 10, 2016 · 4:18 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 | 43,750 | $32.36 | A | 231,699 | D | |
| Common Stock | May 9, 2016 | M | 50,000 | $32.80 | A | 281,699 | D | |
| Common Stock | May 9, 2016 | M | 61,499 | $44.09 | A | 343,198 | D | |
| Common Stock | May 9, 2016 | S | 155,249 | $57.0475 | D | 187,949 | D |
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)F2 | $32.36 | May 9, 2016 | M | 43,750 | D | — | Jan 26, 2022 | Common Stock | 43,750 | 0 | D |
| NQ Stock Option (Right to Buy)F3 | $32.80 | May 9, 2016 | M | 50,000 | D | — | Jan 25, 2023 | Common Stock | 50,000 | 50,000 | D |
| NQ Stock Option (Right to Buy)F4 | $44.09 | May 9, 2016 | M | 61,499 | D | — | Jan 23, 2024 | Common Stock | 61,499 | 184,498 | D |
Explanation of responses
- F1The price in Table 1 is a weighted average sale price. The sales were at prices ranging from $57.00 to $57.19. The Issuer undertakes to provide upon request a detailed breakout of the sale prices and the number of shares sold at each price.
- F2The option became exercisable in four equal annual installments beginning on January 26, 2013.
- F3The option becomes exercisable in four equal annual installments beginning on January 25, 2014.
- F4The option becomes exercisable in four equal annual installments beginning on January 23, 2015.