MCDONOUGH ROBERT J 4
4 · UNITED TECHNOLOGIES CORP /DE/ · Filed Feb 7, 2018
Insider Transaction Report
Form 4
MCDONOUGH ROBERT J
President, UTC CCS
Transactions
- Award
Stock Appreciation Right
2018-02-05$112.49/sh+11,745$1,321,195→ 11,745 totalExercise: $112.49From: 2018-02-12Exp: 2024-01-01→ Common Stock (11,745 underlying)
Holdings
- 18,051
Common Stock
Footnotes (1)
- [F1]On January 2, 2014, the reporting person was granted 69,500 performance stock appreciation rights (PSARs). Vesting of the awards was subject to achieving pre-established business unit earnings, sales and other financial targets, and final review of company financial results by the Board. The first half of the PSARs vested on February 8, 2016 at the 94.4% level and became exercisable on February 10, 2016. The performance period for the second half of the PSARs ended on December 31, 2017. The performance criteria were satisfied at the 33.8% level, resulting in the vesting of 11,745 stock appreciation rights and the cancellation of 23,005 stock appreciation rights.