Initial Statement of Beneficial Ownership (3)
April 13 2020 - 04:34PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP
OF SECURITIES
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OMB
APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response... 0.5 |
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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 * Balsbough Douglas |
2. Date of Event Requiring Statement
(MM/DD/YYYY)
4/3/2020
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3. Issuer Name and Ticker or Trading
Symbol RAYTHEON TECHNOLOGIES CORP [RTX] |
(Last)
(First)
(Middle)
870 WINTER STREET |
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
___X___ Officer (give title
below) _____
Other (specify below)
EVP & Chief HR Officer / |
(Street)
WALTHAM, MA 02451
(City)
(State)
(Zip)
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5. If Amendment, Date Original
Filed(MM/DD/YYYY)
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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) |
Common Stock |
5577.0000 |
D |
|
Common Stock |
10253.0000 |
I |
By Savings Plan Trustee |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 4) |
2. Date Exercisable and Expiration Date
(MM/DD/YYYY) |
3. Title and Amount of Securities Underlying
Derivative Security
(Instr. 4) |
4. Conversion or Exercise Price of Derivative
Security |
5. Ownership Form of Derivative Security: 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 |
(1) |
(1) |
Common Stock |
6570.0000 (2) |
(1) |
D |
|
Restricted Stock Units RSU |
1/2/2021 |
(3) |
Common Stock |
1098.0000 (2) |
(3) |
D |
|
Restricted Stock Units RSU |
2/4/2023 |
(3) |
Common Stock |
4125.0000 (2) |
(3) |
D |
|
Restricted Stock Units RSU |
2/5/2022 |
(3) |
Common Stock |
1285.0000 (2) |
(3) |
D |
|
Restricted Stock Units RSU |
5/1/2021 |
(3) |
Common Stock |
6595.0000 (2) |
(3) |
D |
|
SRP Stock Unit |
(4) |
(4) |
Common Stock |
711.3420 (2) |
(4) |
D |
|
Stock Appreciation Right |
1/2/2016 |
1/1/2023 |
Common Stock |
9800.0000 (2) |
$84.0000 (2) |
D |
|
Stock Appreciation Right |
1/4/2019 |
1/3/2026 |
Common Stock |
10600.0000 (2) |
$95.5700 (2) |
D |
|
Stock Appreciation Right |
1/3/2020 |
1/2/2027 |
Common Stock |
12600.0000 (2) |
$110.8300 (2) |
D |
|
Stock Appreciation Right |
1/2/2017 |
1/1/2024 |
Common Stock |
7000.0000 (2) |
$112.4900 (2) |
D |
|
Stock Appreciation Right |
1/2/2018 |
1/1/2025 |
Common Stock |
7500.0000 (2) |
$115.0400 (2) |
D |
|
Stock Appreciation Right |
2/5/2022 |
2/4/2029 |
Common Stock |
17300.0000 (5) |
$120.7700 (2) |
D |
|
Stock Appreciation Right |
1/2/2021 |
1/1/2028 |
Common Stock |
14500.0000 (6) |
$128.1600 (2) |
D |
|
Stock Appreciation Right |
2/4/2023 |
2/3/2030 |
Common Stock |
23000.0000 (2) |
$153.0000 (2) |
D |
|
Explanation of
Responses: |
(1) |
These Restricted Stock Units
(RSU) were awarded in connection with the reporting person's
membership in legacy United Technologies Corporation's (UTC)
Executive Leadership Group (ELG). Following three years of ELG
service, each RSU, including accumulated dividend equivalents,
represents a right to receive one share of Raytheon Technologies
Corporation (RTC) Common Stock upon a Qualifying Separation from
RTC (as defined in Exhibit 10.6 of UTC's 2019 Form
10-K). |
(2) |
On April 3, 2020, United
Technologies Corporation completed its separation into three
independent, publicly-traded companies (the Separation) United
Technologies Corporation, Carrier Global Corporation, and Otis
Worldwide Corporation and, immediately following the Separation,
United Technologies Corporation completed its merger of equals with
Raytheon Company. In connection with the Separation, all equity
awards held by the reporting person with respect to United
Technologies Corporation common stock as of the Separation are
being equitably adjusted. The amount of securities, and the
applicable exercise price (if any), reported on this Form 3 do not
reflect such adjustment and this Form 3 will be amended in a
subsequent filing to reflect such adjustment. |
(3) |
Each RSU, including dividend
equivalents that accrue during the vesting period, represents a
contingent right to receive one share of RTC Common
Stock. |
(4) |
Each Savings Restoration
Plan (SRP) stock unit is the economic equivalent of one share of
RTC common stock. The reported SRP stock units were acquired under
legacy UTC's Savings Restoration Plan, an excess benefit plan, and
are to be settled upon the reporting person's retirement or other
termination of service. |
(5) |
In February 2019, the
reporting person was also awarded 1,880 performance share units
(PSUs) under the legacy UTC Long-Term Incentive Plan. Each PSU has
a value equal to one share of RTC Common Stock. These PSUs vest
solely upon achievement of pre-established performance targets for
RTC's return on invested capital, earnings per share growth and
total shareholder return relative to the S&P 500 index over a
three-year time period. The amount of securities reported on this
Form 3 do not reflect the Separation-related equitable adjustment
to equity awards held by the reporting person and this Form 3 will
be amended in a subsequent filing to reflect such
adjustment. |
(6) |
In January 2018, the
reporting person was also awarded 1,580 performance share units
(PSUs) under the legacy UTC Long-Term Incentive Plan. Each PSU has
a value equal to one share of RTC Common Stock. These PSUs vest
solely upon achievement of pre-established performance targets for
RTC's return on invested capital, earnings per share growth and
total shareholder return relative to the S&P 500 index over a
three-year time period. The amount of securities reported on this
Form 3 do not reflect the Separation-related equitable adjustment
to equity awards held by the reporting person and this Form 3 will
be amended in a subsequent filing to reflect such
adjustment. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Balsbough Douglas
870 WINTER STREET
WALTHAM, MA 02451 |
|
|
EVP & Chief HR Officer |
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Signatures
|
/s/ Dana Ng as Attorney-In-Fact |
|
4/13/2020 |
**Signature of Reporting
Person |
Date |