Statement of Changes in Beneficial Ownership (4)
February 09 2021 - 4:38PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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
*
Ryan Michael Patrick |
2. Issuer Name and Ticker or Trading Symbol
Otis Worldwide Corp
[
OTIS
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) VP, CAO & Controller |
(Last)
(First)
(Middle)
1 CARRIER PLACE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/5/2021 |
(Street)
FARMINGTON, CT 06032
(City)
(State)
(Zip)
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4. 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
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | | | | | | | | 2220 | D | |
Common Stock | 2/5/2021 | | S | | 463 (1) | D | $63.93 | 0 | I | 401(k) Plan |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Units | (2) | 2/5/2021 | | A | | 1250 | | (3) | (2) | Common Stock | 1250 | (2) | 1250 | D | |
Stock Appreciation Rights | $63.93 | 2/5/2021 | | A | | 5516 | | (3) | 2/4/2031 | Common Stock | 5516 | $63.93 | 5516 | D | |
Explanation of Responses: |
(1) | As a result of the spinoff of the issuer by UTC, the reporting person holds Otis shares in our former parent's 401(k) plan. This plan has advised participants that it will mandatorily start to sell the Otis shares held in it on April 3, 2021. |
(2) | Each Restricted Stock Unit, including dividend equivalents that accrue during the vesting period, represents a contingent right to receive one share of Otis common stock. |
(3) | The Restricted Stock Units and the Stock Appreciation Rights vest ratably with respect to one-third of the award on each of the first three anniversaries of the date of the grant. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Ryan Michael Patrick 1 CARRIER PLACE FARMINGTON, CT 06032 |
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| VP, CAO & Controller |
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Signatures
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Joshua Mullin, Attorney-in-Fact | | 2/9/2021 |
**Signature of Reporting Person | Date |
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