Sec Form 3 Filing - Calio Christopher T. @ UNITED TECHNOLOGIES CORP /DE/ - 2019-06-25

Insider filing report for Changes in Beneficial Ownership
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FORM 3
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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Calio Christopher T.
2. Issuer Name and Ticker or Trading Symbol
UNITED TECHNOLOGIES CORP /DE/ [ UTX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Pres, Comm Engines, P&W
(Last) (First) (Middle)
10 FARM SPRINGS ROAD
3. Date of Earliest Transaction (MM/DD/YY)
06/25/2019
(Street)
FARMINGTON, CT06032
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 3,401 D
Common Stock 1,712 I By Savings Plan Trustee
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 ( 1 ) ( 1 ) ( 1 ) Common Stock 9,559 D
Restricted Stock Units RSU ( 2 ) 01/02/2021 ( 2 ) Common Stock 2,275 D
Restricted Stock Units RSU ( 2 ) 01/03/2020 ( 2 ) Common Stock 1,482 D
Restricted Stock Units RSU ( 2 ) 02/05/2022 ( 2 ) Common Stock 16,757 D
SRP Stock Unit ( 3 ) ( 3 ) ( 3 ) Common Stock 296.0384 D
Stock Appreciation Right $ 74.66 01/03/2015 01/02/2022 Common Stock 5,800 D
Stock Appreciation Right $ 84 01/02/2016 01/01/2023 Common Stock 5,900 D
Stock Appreciation Right $ 95.57 01/04/2019 01/03/2026 Common Stock 13,200 D
Stock Appreciation Right $ 110.83 01/03/2020 01/02/2027 Common Stock 10,500 ( 4 ) D
Stock Appreciation Right $ 112.49 01/02/2017 01/01/2024 Common Stock 4,700 D
Stock Appreciation Right $ 115.04 01/02/2018 01/01/2025 Common Stock 5,600 D
Stock Appreciation Right $ 120.77 02/05/2022 02/04/2029 Common Stock 32,500 ( 5 ) D
Stock Appreciation Right $ 128.16 01/02/2021 01/01/2028 Common Stock 18,500 ( 6 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Calio Christopher T.
10 FARM SPRINGS ROAD
FARMINGTON, CT06032
Pres, Comm Engines, P&W
Signatures
/s/ Ariel R. David as Attorney-in-Fact 07/03/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These Restricted Stock Units (RSU) were awarded in connection with the reporting person's membership in UTC's Executive Leadership Group (ELG). Following three years of ELG service, each RSU, including accumulated dividend equivalents, represents a right to receive one share of UTC Common Stock upon a Qualifying Separation from UTC (as defined in Exhibit 10.6 of UTC's 2018 Form 10-K).
( 2 )Each Restricted Stock Unit (RSU), including dividend equivalents that accrue during the vesting period, represents a contingent right to receive one share of UTC Common Stock.
( 3 )Each Savings Restoration Plan ("SRP") stock unit is the economic equivalent of one share of UTC common stock. The reported SRP stock units were acquired under 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.
( 4 )In January 2017, the reporting person was also awarded 3,500 performance share units (PSUs) under the UTC Long-Term Incentive Plan. Each PSU has a value equal to one share of UTC Common Stock. These PSUs vest solely upon achievement of pre-established performance targets for UTC'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.
( 5 )In February 2019, the reporting person was also awarded 5,800 performance share units (PSUs) under the UTC Long-Term Incentive Plan. Each PSU has a value equal to one share of UTC Common Stock. These PSUs vest solely upon achievement of pre-established performance targets for UTC'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.
( 6 )In January 2018, the reporting person was also awarded 5,500 performance share units (PSUs) under the UTC Long-Term Incentive Plan. Each PSU has a value equal to one share of UTC Common Stock. These PSUs vest solely upon achievement of pre-established performance targets for UTC'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.

Remarks:
calio.txt

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