SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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*
Cramer James F.

(Last) (First) (Middle)
1 CARRIER PLACE

(Street)
FARMINGTON CT 06032

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
06/18/2020
3. Issuer Name and Ticker or Trading Symbol
Otis Worldwide Corp [ OTIS ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, Otis, Americas
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (RSUs) 11/01/2020 (1) Common Stock 3,529 (1) D
Restricted Stock Units (RSUs) 01/02/2021 (1) Common Stock 2,408 (1) D
Restricted Stock Units (RSUs) 02/05/2022 (1) Common Stock 3,158 (1) D
Restricted Stock Units (RSUs) 02/04/2023 (1) Common Stock 2,125 (1) D
Restricted Stock Units (RSUs) 06/01/2023 (1) Common Stock 19,800 (1) D
SRP Stock Unit (2) (2) Common Stock 498 (2) D
Stock Appreciation Right 01/02/2017 01/01/2024 Common Stock 2,085 59.53 D
Stock Appreciation Right 01/02/2018 01/01/2025 Common Stock 2,340 60.88 D
Stock Appreciation Right 01/04/2019 01/03/2026 Common Stock 2,809 50.58 D
Stock Appreciation Right 01/03/2020 01/02/2027 Common Stock 2,681 58.66 D
Stock Appreciation Right 01/02/2021 01/01/2028 Common Stock 12,093 67.83 D
Stock Appreciation Right 02/05/2022 02/04/2029 Common Stock 15,306 63.92 D
Stock Appreciation Right 02/04/2023 02/03/2030 Common Stock 11,715 80.97 D
Explanation of Responses:
1. Each RSU represents a contingent right to receive one share of common stock. All RSUs include the right to receive accumulated dividends, except for 1,035 RSUs that will vest on 01/02/21 and 2,029 RSUs that will vest on 02/05/22.
2. Each Savings Restoration Plan ("SRP") stock unit is the economic equivalent of one share of common stock. The SRP is an excess benefit plan. Stock units are settled in cash upon the reporting person's retirement or other termination of service.
Remarks:
Exhibit 24 - Power of Attorney
/s/ Joshua Mullin as Attorney-In-Fact 06/26/2020
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.