X0306 4 2016-11-10 0000101829 UNITED TECHNOLOGIES CORP /DE/ UTX 0001685251 Bailey Robert J. 10 FARM SPRINGS ROAD FARMINGTON CT 06032 1 Corporate VP, Controller Common Stock 2016-11-10 4 M 0 2000.0000 54.9500 A 2000.0000 D Common Stock 2016-11-10 4 S 0 967.0000 106.4595 D 1033.0000 D Common Stock 2016-11-10 4 D 0 1033.0000 106.3600 D 0.0000 D Common Stock 4031.7400 I By Savings Plan Trustee Stock Appreciation Right 54.9500 2016-11-10 4 M 0 2000.0000 0.0000 D 2012-01-02 2019-01-01 Common Stock 2000.0000 7000.0000 D 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 ranged from $106.443 to $106.475 per share. Upon request, the reporting person will provide to the Commission staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price. /s/ Ariel R. David as Attorney-in-Fact 2016-11-14