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Filing Details

Accession Number:: 0001225208-19-002447
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-02-13 16:35:54
Reporting Period:: 2019-02-11

Accepted Time:: 2019-02-13 16:35:54
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
101829	United Technologies Corp	UTX	Aircraft Engines & Engine Parts (3724)	060570975

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1225946	Gregory Hayes	10 Farm Springs Road Farmington CT 06032	Chairman, President And Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2019-02-11	61,480	$122.72	170,446	No	4	A	Direct
Common Stock	Disposition	2019-02-11	27,335	$122.72	143,111	No	4	F	Direct
Common Stock	Acquisiton	2019-02-12	86,000	$71.63	229,111	No	4	M	Direct
Common Stock	Disposition	2019-02-12	35,942	$123.81	193,169	No	4	S	Direct
Common Stock	Disposition	2019-02-12	50,058	$123.06	143,111	No	4	D	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	F	Direct
No	4	M	Direct
No	4	S	Direct
No	4	D	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Appreciation Right	Disposition	2019-02-12	86,000	$0.00	86,000	$71.63

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2013-01-04	2020-01-03	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	164	Indirect	By Children's Trust Accounts
Common Stock	5,184	Indirect	By Savings Plan Trustee
Common Stock	874	Indirect	By Spouse
Common Stock	1,303	Indirect	By Spouse's Savings Plan Account

Footnotes

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.
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.
The price reported in Column 4 is a weighted average price for shares sold in multiple transactions. The sale prices range from $123.00 to $124.30 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.