Work Robert O 4
4 · RAYTHEON CO/ · Filed Apr 7, 2020
Insider Transaction Report
Form 4
RAYTHEON CO/RTN
Work Robert O
Director
Transactions
- Disposition to Issuer
Deferred Restricted Stock Units
2020-04-03−668→ 582 total→ Common Stock (668 underlying) - Disposition to Issuer
Deferred Restricted Stock Units
2020-04-03−582→ 0 total→ Common Stock (582 underlying) - Disposition to Issuer
Deferred Restricted Stock Units
2020-04-03−878→ 1,250 total→ Common Stock (878 underlying)
Footnotes (4)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger, dated as of June 9, 2019, as amended by Amendment No. 1 to the Agreement and Plan of Merger, dated as of March 9, 2020, by and between United Technologies Corporation ("UTC") and Raytheon Company ("Raytheon") (the "Merger Agreement"), on April 3, 2020 (the "Closing Date"), Raytheon became a wholly owned subsidiary of UTC, with UTC becoming Raytheon Technologies Corporation. Pursuant to the Merger Agreement, on the Closing Date, each share of Raytheon Common Stock held by the reporting person was converted automatically into 2.3348 shares of UTC Common Stock.
- [F2]Represents restricted stock units ("RSUs") granted under the Director Deferred Restricted Stock Unit Program on May 30, 2019. These RSUs were converted into shares of UTC Common Stock pursuant to the terms of the Merger Agreement.
- [F3]Represents RSUs granted under the Director Deferred Restricted Stock Unit Program on May 31, 2018. These RSUs were converted into shares of UTC Common Stock pursuant to the terms of the Merger Agreement.
- [F4]Represents RSUs granted under the Director Deferred Restricted Stock Unit Program on August 14, 2017. These RSUs were converted into shares of UTC Common Stock pursuant to the terms of the Merger Agreement.