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*
DELPECH PHILIPPE

(Last) (First) (Middle)
10 FARM SPRINGS ROAD

(Street)
FARMINGTON CT 06032

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
09/09/2015
3. Issuer Name and Ticker or Trading Symbol
UNITED TECHNOLOGIES CORP /DE/ [ UTX ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, Otis Elevator
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)
Common Stock 35,393 D
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
Non-Qualified Stock Option (right to buy) 01/04/2013 01/03/2020 Common Stock 10,100 $71.63 D
Non-Qualified Stock Option (right to buy) 01/03/2015 01/02/2022 Common Stock 18,400 $74.66 D
Non-Qualified Stock Option (right to buy) 01/03/2014 01/02/2021 Common Stock 12,300 $78.99 D
Non-Qualified Stock Option (right to buy) 01/02/2017 01/01/2024 Common Stock 35,000(1) $112.49 D
Non-Qualified Stock Option (right to buy) 01/02/2018 01/01/2025 Common Stock 50,500(2) $115.04 D
Restricted Stock Units (3) (4) Common Stock 20,627.9356 (3) D
Restricted Stock Units RSU (5) (5) Common Stock 11,081 (6) D
Stock Appreciation Right 01/02/2016 01/01/2023 Common Stock 25,500(7) $84 D
Explanation of Responses:
1. On January 2, 2014, the reporting person was also granted 69,500 performance stock appreciation rights, 50% of which are subject to vesting on December 31, 2015 and 50% of which are subject to vesting on December 31, 2017, in each case subject to achievement of pre-established business unit earnings, sales and other financial targets. On January 2, 2014, the reporting person was also awarded 9,100 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 earnings per share and total shareholder return over a three year time period.
2. On January 2, 2015, the reporting person was also awarded 12,100 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 earnings per share and total shareholder return over a three year time period.
3. The Restricted Stock Units vest on retirement from UTC on or after age 62 with a minimum of three years of service as a member of UTC's Executive Leadership Group. When UTC pays a dividend on its common stock, the officer's RSU account is credited with additional RSUs equal in value to the dividend paid on a corresponding number of shares of common stock.
4. The Restricted Stock Units vest on retirement from UTC on or after age 62 with a minimum of three years of service as a member of UTC's Executive Leadership Group. When UTC pays a dividend on its common stock, the officer's RSU account is credited with additional RSUs equal in value to the dividend paid on a corresponding number of shares of common stock.
5. The restricted stock units will vest on July 1, 2017. When UTC pays a dividend on its common stock, the officer's RSU account is credited with additional RSUs equal in value to the dividend paid on a corresponding number of shares of common stock.
6. Each restricted stock unit represents a contingent right to receive one share of United Technologies Corporation common stock.
7. On January 2, 2013, the reporting person was also awarded 6,200 performance shares 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 targets for UTC's earnings per share and total shareholder return over a three-year period.
/s/ Charles F. Hildebrand as Attorney-in-Fact 09/18/2015
** 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).
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