SEC FORM 3

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

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
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.