Gerstle Mark R 4
4 · CUMMINS INC · Filed Mar 6, 2012
Insider Transaction Report
Form 4
CUMMINS INCCMI
Gerstle Mark R
VP Qual+Chief Risk Ofcr
Transactions
- Award
Common
2012-03-02+4,540→ 21,115 total - Tax Payment
Common
2012-03-02$121.65/sh−1,011$122,988→ 20,104 total
Holdings
- 3,282.33(indirect: By 401(k))
Common
- 4,360
Stock Option (Right-to-Buy)
Exercise: $58.12From: 2012-03-01Exp: 2020-03-01→ Common (4,360 underlying) - 3,260
Stock Option (Right-to-Buy)
Exercise: $119.77From: 2013-05-02Exp: 2021-05-02→ Common (3,260 underlying)
Footnotes (3)
- [F1]Shares earned from March 1, 2010 Target Awards based on 2010-2011 Company financial performance. Shares are subject to forfeiture until 3/1/2013.
- [F2]Shares withheld to satisfy tax liabilities upon Vesting of Restricted Stock.
- [F3]The number of shares is based on the dollar value of the reporting person's interest in the Cummins Stock Fund under the Company's 401(k) plan as most recently provided by the plan. The actual number of shares underlying the interest is not known since the Cummins Stock Fund is a unitized account consisting of approximately 98% common stock and 2% cash or cash equivalents.