SEC Form 4 · accession 0001127602-17-015857
TEXAS INSTRUMENTS INC · TXN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin P March
Officer — Sr. Vice President & CFO
Period of report
Apr 27, 2017
Accepted (ET)
Apr 28, 2017 · 4:20 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 | Apr 27, 2017 | M | 150,000 | $32.36 | A | 448,663 | D | |
| Common StockF1 | Apr 27, 2017 | S | 150,000 | $80.74 | D | 298,663 | D | |
| Common StockF2 | holding | — | — | — | 20,000 | I | By Trust Children | |
| Common StockF3 | holding | — | — | — | 2,074 | I | By Trust PS | |
| Common StockF4 | holding | — | — | — | 44 | I | By Trust 401(k) |
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)F5 | $32.36 | Apr 27, 2017 | M | 150,000 | D | — | Jan 26, 2022 | Common Stock | 150,000 | 0 | D |
Explanation of responses
- F1The price in Table 1 is a weighted average sale price. The sales were at prices ranging from $80.37 to $81.17. The Issuer undertakes to provide upon request a detailed breakout of the sale prices and the number of shares sold at each price.
- F2Beneficial ownership by reporting person disclaimed.
- F3Estimated shares attributable to TI Universal Profit Sharing Account as of 03-31-2017. (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 03-31-2017 that are eligible for deferred reporting on Form 5.
- F4Estimated shares attributable to TI 401(k) Account as of 03-31-2017. (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 03-31-2017 that are eligible for deferred reporting on Form 5.
- F5The option became exercisable in four equal annual installments beginning on January 26, 2013.