Form Type: 4

SEC EDGAR Link
Accession Number:0001225208-19-002446
Date:2019-02-11
Issuer: UNITED TECHNOLOGIES CORP /DE/ (UTX)
Original Submission Date:

Reporting Person:

GILL CHARLES D
10 FARM SPRINGS ROAD
FARMINGTON, CT 06032

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2019-02-11 A 19,952 a $122.72 45,003 direct
COMMON STOCK 2019-02-11 F 8,045 d $122.72 36,958 direct
COMMON STOCK 2019-02-12 M 30,500 a $71.63 67,458 direct
COMMON STOCK 2019-02-12 S 12,842 d $123.67 54,616 direct
COMMON STOCK 2019-02-12 D 17,658 d $123.72 36,958 direct
COMMON STOCK 2019-02-11 0 $0.00 8,563 indirect
COMMON STOCK 2019-02-11 0 $0.00 1,546 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
STOCK APPRECIATION RIGHT 71.63 2019-02-12 deemed execution date M 30,500 (d) 2013-01-04 2020-01-03 common stock 30,500 $71.63 0 direct
Footnotes
IDfootnote
f1 the acquisition of shares of utc common stock represents the vesting of performance share units (psus) previously awarded on january 4, 2016 to the reporting person under the united technologies corporation long-term incentive plan. each psu has a value equal to one share of utc common stock. these psus vest solely upon achievement of pre-established performance targets for utc's return on invested capital, earnings per share growth and total shareholder return relative to the s&p 500 index over a three-year time period. the performance criteria were satisfied at the 116% level.
f2 the stock appreciation rights (sars) were settled in shares in accordance with terms of the award. for section 16 reporting purposes, the exercise of sars for stock is treated as an exempt acquisition of the shares underlying the sars at the exercise price per share specified in the award of sars and a simultaneous sale back to the issuer of a number of the underlying shares having a value, based on the market price of the issuer's stock on the date of the exercise, equal to the product of the number of underlying sars times the exercise price per share.
f3 the price reported in column 4 is a weighted average price for shares sold in multiple transactions. the sale prices range from $123.66 to $123.73 per share. the reporting person has provided to the issuer, and undertakes to provide to the commission staff or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
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