-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EyB7570jjh/0oIGbg73jk36I7N8F/tjbAOW1rDNG5Ujv4INcTMc2/r7An8gZ0Pqb eSpUv0pemOTIiBAyHCR1iQ== 0001209191-06-015941.txt : 20060307 0001209191-06-015941.hdr.sgml : 20060307 20060307174606 ACCESSION NUMBER: 0001209191-06-015941 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060303 FILED AS OF DATE: 20060307 DATE AS OF CHANGE: 20060307 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: EATON CORP CENTRAL INDEX KEY: 0000031277 STANDARD INDUSTRIAL CLASSIFICATION: MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT [3590] IRS NUMBER: 340196300 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: EATON CTR STREET 2: 1111 SUPERIOR AVE CITY: CLEVELAND STATE: OH ZIP: 44114-2584 BUSINESS PHONE: 2165235000 MAIL ADDRESS: STREET 1: 1111 SUPERIOR AVENUE CITY: CLEVELAND STATE: OH ZIP: 44114 FORMER COMPANY: FORMER CONFORMED NAME: EATON YALE & TOWNE INC DATE OF NAME CHANGE: 19710822 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CUTLER ALEXANDER M CENTRAL INDEX KEY: 0001188585 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-01396 FILM NUMBER: 06671099 BUSINESS ADDRESS: STREET 1: EATON CENTER STREET 2: 1111 SUPERIOR AVENUE CITY: CLEVELAND STATE: OH ZIP: 44114-2584 BUSINESS PHONE: 2165235000 MAIL ADDRESS: STREET 1: EATON CENTER STREET 2: 1111 SUPERIOR AVENUE CITY: CLEVELAND STATE: OH ZIP: 44114 4 1 doc4.xml FORM 4 SUBMISSION X0202 4 2006-03-03 0 0000031277 EATON CORP ETN 0001188585 CUTLER ALEXANDER M EATON CENTER 1111 SUPERIOR AVE. CLEVELAND OH 44114 1 1 0 0 Chairman and CEO; President Common Shares 2006-03-03 4 M 0 51260 30.91 A 217829 D Common Shares 2006-03-03 4 M 0 41821 38.05 A 259650 D Common Shares 2006-03-03 4 S 0 500 70.99 D 259150 D Common Shares 2006-03-03 4 S 0 600 70.98 D 258550 D Common Shares 2006-03-03 4 S 0 100 70.96 D 258450 D Common Shares 2006-03-03 4 S 0 300 70.95 D 258150 D Common Shares 2006-03-03 4 S 0 2200 70.94 D 255950 D Common Shares 2006-03-03 4 S 0 800 70.93 D 255150 D Common Shares 2006-03-03 4 S 0 1500 70.92 D 253650 D Common Shares 2006-03-03 4 S 0 500 70.91 D 253150 D Stock Option 30.91 2006-03-03 4 M 0 51260 30.91 D 1997-07-21 2007-01-21 Common Shares 51260 203296 D Stock Option 38.05 2006-03-03 4 M 0 41821 38.05 D 1998-07-27 2008-01-27 Common Shares 41821 41821 D Certain of these shares represent restricted shares issued under an Eaton Corporation stock plan and are subject to risk of forfeiture. This field is not applicable. 1997 Performance Options - 50% of these options vested when a market price goal for Eaton shares was met. The remaining 50% will vest upon the earlier of (i) the achievement by Eaton of an earning per share target or (ii) 10 days before the expiration of their ten-year term. 1998 Performance Options - 50% of these options vested when a market price goal for Eaton shares was met. The remaining 50% of the options vest if Eaton Corporation earns $8.80 or more per share by the end of the year 2001. If the goal is not met, the unmet goal will be increased by 10% per year thereafter. In all events, the options vest 10 days prior to the expiration of the 10 year option term. /s/ Claudia J. Taller as attorney-in-fact 2006-03-07 -----END PRIVACY-ENHANCED MESSAGE-----