Statement of Changes in Beneficial Ownership (4)
15 February 2020 - 8:53AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Gitlin David L. |
2. Issuer Name and Ticker or Trading Symbol
UNITED TECHNOLOGIES CORP /DE/
[
UTX
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President & CEO, Carrier |
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(Last)
(First)
(Middle)
10 FARM SPRINGS ROAD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/12/2020 |
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(Street)
FARMINGTON, CT 06032
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock | 2/12/2020 | | M | | 37467.0000 (1) | A | $74.7900 | 56084.0000 | D | |
| Common Stock | 2/12/2020 | | M | | 24500.0000 (1) | A | $112.4900 | 80584.0000 | D | |
| Common Stock | 2/12/2020 | | M | | 18900.0000 (1) | A | $84.0000 | 99484.0000 | D | |
| Common Stock | 2/12/2020 | | M | | 7569.0000 (1) | A | $74.7900 | 107053.0000 | D | |
| Common Stock | 2/12/2020 | | D | | 49597.0000 | D | $155.4800 | 57456.0000 | D | |
| Common Stock | 2/12/2020 | | S | | 51491.0000 | D | $154.1230 (2) | 5965.0000 | D | |
| Common Stock | | | | | | | | 2810.0000 | I | By Savings Plan Trustee |
| Common Stock | | | | | | | | 12893.0000 | I | By Spouse's Trust |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Stock Appreciation Right | $84.0000 | 2/12/2020 | | M | | | 18900.0000 | 1/2/2016 | 1/1/2023 | Common Stock | 18900.0000 | $0.0000 | 0.0000 | D | |
| Stock Appreciation Right | $112.4900 | 2/12/2020 | | M | | | 24500.0000 | 1/2/2017 | 1/1/2024 | Common Stock | 24500.0000 | $0.0000 | 0.0000 | D | |
| Stock Appreciation Right | $74.7900 | 2/12/2020 | | M | | | 7569.0000 | 2/6/2017 | 7/31/2022 | Common Stock | 7569.0000 | $0.0000 | 0.0000 | D | |
| Stock Appreciation Right | $74.7900 | 2/12/2020 | | M | | | 37467.0000 | 2/9/2015 | 7/31/2022 | Common Stock | 37467.0000 | $0.0000 | 0.0000 | D | |
| Explanation of Responses: |
| (1) | 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. |
| (2) | The price reported in Column 4 is a weighted average price for shares sold in multiple transactions. The sale prices range from $153.56 to $155.29 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. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Gitlin David L.
10 FARM SPRINGS ROAD
FARMINGTON, CT 06032 |
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| President & CEO, Carrier |
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Signatures
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| /s/ Ariel R. David as Attorney-in-Fact | | 2/14/2020 |
| **Signature of Reporting Person | Date |
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