X0306 4 2017-02-08 0000101829 UNITED TECHNOLOGIES CORP /DE/ UTX 0001225946 HAYES GREGORY 10 FARM SPRINGS ROAD FARMINGTON CT 06032 1 1 Chairman, President and CEO Common Stock 2017-02-08 4 M 0 54500.0000 75.2100 A 156369.0000 D Common Stock 2017-02-08 4 D 0 9856.0000 110.6400 D 146513.0000 D Common Stock 2017-02-08 4 D 0 13589.0000 110.6900 D 132924.0000 D Common Stock 2017-02-08 4 D 0 13605.0000 110.5600 D 119319.0000 D Common Stock 2017-02-08 4 S 0 17450.0000 110.6366 D 101869.0000 D Common Stock 4968.0000 I By Savings Plan Trustee Common Stock 874.0000 I By Spouse Common Stock 1249.0000 I By Spouse's Savings Plan Account Stock Appreciation Right 75.2100 2017-02-08 4 M 0 54500.0000 0.0000 D 2011-01-02 2018-01-01 Common Stock 54500.0000 0.0000 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 range from $110.5701 to $110.705 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. /s/ Ariel R. David as Attorney-in-Fact 2017-02-10