CUMMINS INC 4
4 · CUMMINS INC · Filed Feb 19, 2014
Insider Transaction Report
Form 4
CUMMINS INCCMI
WALL JOHN C
Vice President
Transactions
- Sale
Common
2014-02-18$142.61/sh−5,500$784,354→ 24,059 total
Holdings
- 427.9(indirect: By 401(k))
Common
- 6,680
Stock Option (Right-to-Buy)
Exercise: $111.84From: 2015-04-02Exp: 2023-04-02→ Common (6,680 underlying) - 1,284.15(indirect: By Spouse)
Common
- 5,150
Stock Option (Right-to-Buy)
Exercise: $120.28From: 2014-04-02Exp: 2022-04-02→ Common (5,150 underlying) - 4,560
Stock Option (Right-to-Buy)
Exercise: $119.77From: 2013-05-02Exp: 2021-05-02→ Common (4,560 underlying)
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $142.595 - $142.685. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated.
- [F2]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.
- [F3]The reporting person acquired beneficial ownership of these shares upon his marriage to the owner of the shares in 2013.