Otis Worldwide (OTIS) Form 3 Otis Worldwide / Fernandez Bernardo Calleja ownership change

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^*

Calleja Fernandez Bernardo

(Last) (First) (Middle)

1 CARRIER PLACE

(Street)

FARMINGTON CT 06032

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/03/2020

3. Issuer Name and Ticker or Trading Symbol
Otis Worldwide Corp [ OTIS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President, Otis EMEA

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	1,000	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
Restricted Stock Units (RSUs)	07/01/2023	(1)	Common Stock	14,829	0(1)	D
Restricted Stock Units (RSUs)	02/04/2023	(1)	Common Stock	3,069	0(1)	D
Restricted Stock Units (RSUs)	02/05/2022	(1)	Common Stock	2,813	0(1)	D
Restricted Stock Units (RSUs)	02/05/2022	(1)	Common Stock	1,574	0(1)	D
Restricted Stock Units (RSUs)	01/02/2021	(1)	Common Stock	2,473	0(1)	D
Restricted Stock Units (RSUs)	01/02/2021	(1)	Common Stock	3,269	0(1)	D
Stock Appreciation Rights	02/04/2023	02/03/2030	Common Stock	16,817	80.97	D
Stock Appreciation Rights	02/05/2022	02/04/2029	Common Stock	20,975	63.92	D
Stock Appreciation Rights	01/02/2021	01/01/2028	Common Stock	9,542	67.83	D
Stock Appreciation Rights	01/03/2020	01/02/2027	Common Stock	2,213	58.66	D
Stock Appreciation Rights	01/04/2019	01/03/2026	Common Stock	5,065	50.58	D
Stock Appreciation Rights	01/02/2018	01/01/2025	Common Stock	2,681	60.88	D
Stock Appreciation Rights	01/02/2017	01/01/2024	Common Stock	11,749	59.53	D
Stock Appreciation Rights	01/02/2016	01/01/2023	Common Stock	3,234	44.46	D

Explanation of Responses:

1. Each RSU represents a contingent right to receive one share of common stock. All RSUs include the right to receive accumluated dividends, except for 2,473 RSUs scheduled to vest on 1/2/2021 and 2,813 RSUs scheduled to vest on 2/5/2022.

	Joshua Mullin, Attorney-in-Fact	11/12/2020
	** 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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