SEC Form 4 · accession 0001127602-16-058773
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
Jul 27, 2016
Accepted (ET)
Jul 27, 2016 · 7:47 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 | Jul 27, 2016 | M | 61,499 | $44.09 | A | 249,548 | D | |
| Common StockF1 | Jul 27, 2016 | S | 61,499 | $70.8156 | D | 188,049 | 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 | $44.09 | Jul 27, 2016 | M | 61,499 | D | — | Jan 23, 2024 | Common Stock | 61,499 | 122,999 | D |
Explanation of responses
- F1The price in Table 1 is a weighted average sale price. The sales were at prices ranging from $70.49 to $71.10. 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 becomes exercisable in four equal annual installments beginning on January 23, 2015.