SEC FORM 3 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
POWER OF ATTORNEY

Know all by these presents that the undersigned hereby constitutes and
appoints each of Nora LaFreniere, Joshua Mullin, Debra Guss and Elise
Konover, signing individually, as the undersigned's true and lawful
attorney-in-fact to:

(1) execute, for and on behalf of the undersigned, Forms 3, 4, and 5
(and any replacement form or successor to such forms, as may be established
by the U.S. Securities and Exchange Commission from time to time) in
accordance with Section 16(a) of the Securities Exchange Act of 1934,
as amended from time to time and the rules thereunder;

(2) execute, for and on behalf of the undersigned, any Form 144 (and
any replacement form or successor to such form, as may be established
by the U.S. Securities and Exchange Commission from time to time)
required to be filed on behalf of the undersigned in accordance with
Rule 144 of the U.S. Securities and Exchange Commission, as amended
from time to time;

(3) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete and
execute any of the documents referred to in items (1) and (2) above
and timely file the same with the U.S. Securities and Exchange
Commission and any stock exchange or similar authority; and

(4) take any action of any type whatsoever in connection with
the foregoing (including but not limited to the execution of
any written representations required on behalf of the
undersigned to confirm compliance with Rule 144) which, in the
opinion of such attorney-in-fact, may be of benefit to, in the
best interest of, or legally required by, the undersigned, it
being understood that the documents executed by such attorney-in-fact
on behalf of the undersigned pursuant to this Power of Attorney
shall be in such form and shall contain such terms and conditions
as such attorney-in-fact may approve in such attorney-in-fact's
discretion.

The undersigned hereby grants to each such attorney-in-fact
full power and authority to do and perform any and every act
and thing whatsoever requisite, necessary, or proper to be
done in the exercise of any of the rights and powers herein granted,
as fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution or
revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact's substitute or
substitutes, shall lawfully do or cause to be done by virtue of
this power of attorney and the rights and powers herein granted.

The undersigned acknowledges that the foregoing attorneys-in-fact,
in serving in such capacity at the request of the undersigned, are
not assuming, nor is Otis Worldwide Corporation (the "Company")
assuming, any of the undersigned's responsibilities to comply with
Section 16 of the Securities Exchange Act of 1934, Rule 144 of the
U.S. Securities and Exchange Commission or any other provision of
the securities laws.

This Power of Attorney shall remain in full force and effect until
the undersigned is no longer required to file any of the documents
referred to above with respect to the undersigned's holdings of and
transactions in securities issued by the Company, unless earlier
revoked by the undersigned in a signed writing delivered to the
foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of
Attorney to be executed as of this 3rd day of November, 2020.

/s/ Bernardo Calleja Fernandez
Bernardo Calleja Fernandez