UNITED TECHNOLOGIES CORP /DE/ 4
4 · UNITED TECHNOLOGIES CORP /DE/ · Filed Sep 2, 2016
Insider Transaction Report
Form 4
Austin Lloyd J. III
Director
Transactions
- Award
Phantom Stock Unit
2016-09-01$106.72/sh+1,574.213$168,000→ 1,574.213 total→ Common Stock (1,574.213 underlying) - Award
Restricted Stock Units
2016-09-01$106.72/sh+937.032$100,000→ 937.032 total→ Common Stock (937.032 underlying)
Footnotes (2)
- [F1]Consists of Phantom Stock Units acquired by the reporting person under the United Technologies Corporation Board of Directors Deferred Stock Unit Plan in respect of his/her annual retainer for services as a non-employee Director. The Plan provides for payment of all or a portion of the retainer in deferred stock units. Upon termination of service as a member of the Board of Directors, the non-employee Director will be entitled to receive a number of shares of Common Stock of United Technologies Corporation equal to the balance of Phantom Stock Units then held in his/her account under the Plan, distributed either as a lump sum or in installments, as previously elected pursuant to the Plan.
- [F2]Consists of a one-time grant of deferred Restricted Stock Units awarded on the date of election. Vesting occurs over a five year period. Upon termination of services on the Board of Directors, all such deferred Restricted Stock Units are settled in shares unless a timely election is made to convert to fixed interest account.