0001225208-18-015943.txt : 20181128
0001225208-18-015943.hdr.sgml : 20181128
20181128183146
ACCESSION NUMBER: 0001225208-18-015943
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20181126
FILED AS OF DATE: 20181128
DATE AS OF CHANGE: 20181128
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ortberg Robert Kelly
CENTRAL INDEX KEY: 0001377692
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-00812
FILM NUMBER: 181206665
MAIL ADDRESS:
STREET 1: 10 FARM SPRINGS ROAD
CITY: FARMINGTON
STATE: CT
ZIP: 06032
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: UNITED TECHNOLOGIES CORP /DE/
CENTRAL INDEX KEY: 0000101829
STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT ENGINES & ENGINE PARTS [3724]
IRS NUMBER: 060570975
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 10 FARM SPRINGS ROAD
CITY: FARMINGTON
STATE: CT
ZIP: 06032
BUSINESS PHONE: 8607287000
MAIL ADDRESS:
STREET 1: 10 FARM SPRINGS ROAD
CITY: FARMINGTON
STATE: CT
ZIP: 06032
FORMER COMPANY:
FORMER CONFORMED NAME: UNITED TECHNOLOGIES MICROELECTRONICS CENTER
DATE OF NAME CHANGE: 19850825
FORMER COMPANY:
FORMER CONFORMED NAME: UNITED TECHNOLOGIES CORP
DATE OF NAME CHANGE: 19841205
4
1
doc4.xml
X0306
4
2018-11-26
0000101829
UNITED TECHNOLOGIES CORP /DE/
UTX
0001377692
Ortberg Robert Kelly
10 FARM SPRINGS ROAD
FARMINGTON
CT
06032
1
CEO, Collins Aerospace Systems
Common Stock
2018-11-26
4
A
0
58945.0000
0
A
59259.0000
D
Common Stock
2018-11-26
4
A
0
47086.0000
0
A
106345.0000
D
Common Stock
2018-11-26
4
A
0
10998.0000
0
A
117343.0000
D
Common Stock
2018-11-26
4
A
0
1879.0000
0
A
1879.0000
I
By Savings Plan Trustee
Restricted Stock Units RSU
2018-11-26
4
A
0
20228.0000
0.0000
A
2019-11-13
Common Stock
20228.0000
20228.0000
D
Restricted Stock Units RSU
2018-11-26
4
A
0
30341.0000
0.0000
A
2020-11-13
Common Stock
30341.0000
30341.0000
D
The reporting person disposed of his 406,900 outstanding Rockwell Collins stock options for Merger Consideration (as defined below) for each Net Option Share, as set forth in the Merger Agreement (as defined below), subject to the option, which resulted in the receipt of 58,945 shares of UTC common stock.
In connection with UTC's acquisition of Rockwell Collins, Inc. (Rockwell Collins) effective on November 26, 2018, and pursuant to the terms and conditions of the Agreement and Plan of Merger, dated as of September 4, 2017 (the Merger Agreement), by and between UTC, Riveter Merger Sub Corp., a wholly owned subsidiary of UTC, and Rockwell Collins, each share of Rockwell Collins common stock was converted into the right to receive (i) $93.33 in cash, without interest and (ii) 0.37525 of a share of Company common stock and cash in lieu of fractional shares (together, the Merger Consideration) less any applicable withholding taxes. The reporting person held 125,481.5740 shares of Rockwell Collins common stock, which were exchanged for Merger Consideration that resulted in the receipt of 47,086 shares of UTC common stock.
The reporting person disposed of 29,309 shares of Rockwell Collins common stock for Merger Consideration upon the immediate vesting of his FY17-19 performance shares at target pursuant to the Merger Agreement, which resulted in the receipt of 10,998 shares of UTC common stock.
The reporting person received Merger Consideration for his holdings in the Rockwell Collins Savings Plan. The amount reported is an estimate of the stock portion of the Merger Consideration allocated to the reporting person's Savings Plan account. The Savings Plan will use the cash portion of the Merger Consideration to purchase additional shares of UTC common stock and the reporting persons's holdings through the Savings Plan will be updated accordingly.
Each Restricted Stock Unit (RSU) that accrues during the vesting period represents a contingent right to receive one share of UTC common stock.
The reporting person held 18,246 Rockwell Collins restricted stock units (RSUs) plus 27,368 FY18-20 Rockwell Collins performance shares that were exchanged for a number of UTC restricted stock units based upon the Equity Award Exchange Ratio set forth in the Merger Agreement. The 18,246 RSUs resulted in 20,228 UTC RSUs, of which 50 percent vest on Nov 13, 2019 and the remainder vest on November 13, 2020. The 27,368 Rockwell Collins performance shares converted to 30,341 UTC RSUs, which vest on October 2, 2020.
ortberg.txt
/s/ Ariel R. David as Attorney-in-Fact
2018-11-28
EX-24
2
ortberg.txt
POWER OF ATTORNEY
The undersigned hereby constitutes and appoints each of
Charles D. Gill, Peter J. Graber-Lipperman and Ariel R. David,
signing individually, as the undersigned's true and lawful
attorney-in-fact to
(1) execute, for and on behalf of the undersigned, Forms
3, 4, and 5 (and any replacement form or successor to such
forms, as may be established by the U.S. Securities and
Exchange Commission from time to time) in accordance
with Section 16(a) of the Securities Exchange Act of
1934, as amended from time to time and the rules thereunder
(2) execute, for and on behalf of the undersigned, any Form
144 (and any replacement form or successor to such form, as
may be established by the U.S. Securities and Exchange
Commission from time to time) required to be filed on behalf
of the undersigned in accordance with Rule 144 of the U.S.
Securities and Exchange Commission, as amended from time to
time
(3) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete
and execute any of the documents referred to in items (1)
and (2) above and timely file the same with the U.S. Securities
and Exchange Commission and any stock exchange or similar
authority and
(4) take any action of any type whatsoever in connection
with the foregoing (including but not limited to the execution
of any written representations required on behalf of the
undersigned to confirm compliance with Rule 144) which, in the
opinion of such attorney-in-fact, may be of benefit to, in the
best interest of, or legally required by, the undersigned,
it being understood that the documents executed by such
attorney-in-fact on behalf of the undersigned pursuant to this
Power of Attorney shall be in such form and shall contain such
terms and conditions as such attorney-in-fact may approve in
such attorney-in-fact's discretion.
The undersigned hereby grants to each such attorney-in-fact full
power and authority to do and perform any and every act and
thing whatsoever requisite, necessary, or proper to be done in
the exercise of any of the rights and powers herein granted,
as fully to all intents and purposes as the undersigned might
or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming
all that such attorney-in-fact, or such attorney-in-fact's
substitute or substitutes, shall lawfully do or cause to be
done by virtue of this power of attorney and the rights
and powers herein granted. The undersigned acknowledges
that the foregoing attorneys-in-fact, in serving in such
capacity at the request of the undersigned, are not assuming,
nor is United Technologies Corporation (the Company) assuming,
any of the undersigned's responsibilities to comply with
Section 16 of the Securities Exchange Act of 1934, Rule 144
of the U.S. Securities and Exchange Commission or any other
provision of the securities laws.
This Power of Attorney shall take effect when the merger
contemplated by the Agreement and Plan of Merger (the "Merger
Agreement"), dated as of September 4, 2017, by and among
United Technologies Corporation, Riveter Merger Sub. Corp.,
and Rockwell Collins Inc., is completed and shall remain in
full force and effect until the undersigned is no longer required to
file any of the documents referred to above with respect to the undersigned's
holdings of and transactions in securities issued by the Company,
unless earlier revoked by the undersigned in a signed writing
delivered to the foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this Power of
Attorney to be executed as of this 3rd day of August, 2018.
/s/Robert K. Ortberg
Robert K. Ortberg