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CAT

CATERPILLAR INC

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2808
SEC CIK
0000018230
Parsed reports
3,597

Last 12 months

Inside the activity.

2 purchase rows · 91 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
Monthly counts
MonthPurchasesSales
Nov 2025116
Dec 2025014
Jan 202600
Feb 2026021
Mar 202605
Apr 202600
May 2026121
Jun 202600
Jul 202600
Aug 2026014
Sep 202600
Oct 202600

Latest available

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateOwner / reported roleActivity / securityShares / unitsReported priceReported valueDetails
April 27, 2004 Filed Apr 29, 2004 15:18 UTC
SCHENA CHRISTIANO VVice President
Exercise / conversionCommon 3,316 $30.16 $99,997.96
Disclosure

SEC source: 0000018230-04-000275 · edgar.xml · nonDerivative · entry 1

SCHENA CHRISTIANO V · CIK 0001204588 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,252

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 19, 2004 Filed Apr 20, 2004 20:16 UTC
MURPHY DANIEL MVice President
GiftCommon 375 $0.00 $0.00
Disclosure

SEC source: 0000018230-04-000269 · edgar.xml · nonDerivative · entry 1

MURPHY DANIEL M · CIK 0001171791 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,551

F1 · balance_after: This amount includes 6224 shares in 401K and 2343 shares in SEIP.

Read SEC document
April 16, 2004 Filed Mar 22, 2006 20:50 UTC PurchaseCommon 42 $40.57 $1,703.94
Disclosure

SEC source: 0000018230-06-000179 · edgar.xml · nonDerivative · entry 5

RUST EDWARD B JR · CIK 0001196159 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,422

F1 · kind: Transactions executed by third-party money manager in Mr. Rust's financial portfolio without Mr. Rust's knowledge. All shares and prices are post-split from company's 2-for-1 stock split effective 7/13/05.

Read SEC document
April 16, 2004 Filed Mar 22, 2006 20:52 UTC PurchaseCommon 42 $40.57 $1,703.94
Disclosure

SEC source: 0000018230-06-000180 · edgar.xml · nonDerivative · entry 5

RUST EDWARD B JR · CIK 0001196159 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,422

F1 · kind: Transactions executed by third-party money manager in Mr. Rust's financial portfolio without Mr. Rust's knowledge. All shares and prices are post-split from company's 2-for-1 stock split effective 7/13/05.

Read SEC document
April 14, 2004 Filed Apr 15, 2004 15:30 UTC OtherOption (NQ) · Derivative 4,000 Not disclosed Strike: $81.27 Not disclosed
Disclosure

SEC source: 0000018230-04-000231 · edgar.xml · derivative · entry 2

BLOUNT W FRANK · CIK 0001057580 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,000

Underlying: Common · 4,000 shares

Expires 2014-04-14

F2 · security: This option was granted with attached tax withholding righs.

F3 · kind: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F3 · price: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F3 · derivative.exercise_date: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

Read SEC document
April 14, 2004 Filed Apr 15, 2004 15:32 UTC OtherOption (NQ) · Derivative 4,000 $0.00 Strike: $81.27 $0.00
Disclosure

SEC source: 0000018230-04-000232 · edgar.xml · derivative · entry 2

BRAZIL JOHN R · CIK 0001171802 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,000

Underlying: Common · 4,000 shares

Expires 2014-04-14

F1 · security: This option was granted with attached tax withholding rights.

F2 · kind: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F2 · price: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F2 · derivative.exercise_date: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

Read SEC document
April 14, 2004 Filed Apr 15, 2004 15:33 UTC OtherOption (NQ) · Derivative 4,000 $0.00 Strike: $81.27 $0.00
Disclosure

SEC source: 0000018230-04-000233 · edgar.xml · derivative · entry 2

DILLON JOHN T · CIK 0001171804 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,000

Underlying: Common · 4,000 shares

Expires 2014-04-14

F2 · security: This option was granted with attached tax withholding rights.

F3 · kind: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F3 · price: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F3 · derivative.exercise_date: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

Read SEC document
April 14, 2004 Filed Apr 15, 2004 15:34 UTC OtherOption (NQ) · Derivative 4,000 $0.00 Strike: $81.27 $0.00
Disclosure

SEC source: 0000018230-04-000234 · edgar.xml · derivative · entry 3

FIFE EUGENE V · CIK 0001029606 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,000

Underlying: Common · 4,000 shares

Expires 2014-04-14

F2 · security: This option was granted with attached tax withholding rights.

F3 · kind: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F3 · price: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F3 · derivative.exercise_date: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

Read SEC document
April 14, 2004 Filed Apr 15, 2004 15:36 UTC OtherOption (NQ) · Derivative 4,000 $0.00 Strike: $81.27 $0.00
Disclosure

SEC source: 0000018230-04-000235 · edgar.xml · derivative · entry 2

FOSLER GAIL D · CIK 0001161659 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,000

Underlying: Common · 4,000 shares

Expires 2014-04-14

F1 · security: This option was granted with attached tax withholding rights.

F2 · kind: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F2 · price: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F2 · derivative.exercise_date: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

Read SEC document
April 14, 2004 Filed Apr 15, 2004 15:37 UTC OtherOption (NQ) · Derivative 4,000 $0.00 Strike: $81.27 $0.00
Disclosure

SEC source: 0000018230-04-000236 · edgar.xml · derivative · entry 2

GALLARDO JUAN · CIK 0001173956 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,000

Underlying: Common · 4,000 shares

Expires 2014-04-14

F2 · security: This option was granted with attached tax withholding rights.

F3 · kind: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F3 · price: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F3 · derivative.exercise_date: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

Read SEC document
April 14, 2004 Filed Apr 15, 2004 15:39 UTC OtherOption (NQ) · Derivative 4,000 $0.00 Strike: $81.27 $0.00
Disclosure

SEC source: 0000018230-04-000237 · edgar.xml · derivative · entry 2

GOODE DAVID R · CIK 0001171794 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,000

Underlying: Common · 4,000 shares

Expires 2014-04-14

F2 · security: This option was granted with attached tax withholding rights.

F3 · kind: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F3 · price: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F3 · derivative.exercise_date: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

Read SEC document
April 14, 2004 Filed Apr 15, 2004 15:40 UTC OtherOption (NQ) · Derivative 4,000 Not disclosed Strike: $81.27 Not disclosed
Disclosure

SEC source: 0000018230-04-000238 · edgar.xml · derivative · entry 2

OSBORN WILLIAM A · CIK 0001171797 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,000

Underlying: Common · 4,000 shares

Expires 2014-04-14

F2 · security: This option was granted with attached tax withholding rights.

F3 · kind: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F3 · price: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F3 · derivative.exercise_date: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

Read SEC document
April 14, 2004 Filed Apr 15, 2004 15:42 UTC OtherOption (NQ) · Derivative 4,000 Not disclosed Strike: $81.27 Not disclosed
Disclosure

SEC source: 0000018230-04-000239 · edgar.xml · derivative · entry 2

PARKER GORDON R · CIK 0001171793 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,000

Underlying: Common · 4,000 shares

Expires 2014-04-14

F2 · security: This option was granted with attached tax withholding rights.

F3 · kind: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F3 · price: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F3 · derivative.exercise_date: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

Read SEC document
April 14, 2004 Filed Apr 15, 2004 15:43 UTC OtherOption (NQ) · Derivative 4,000 $0.00 Strike: $81.27 $0.00
Disclosure

SEC source: 0000018230-04-000240 · edgar.xml · derivative · entry 2

POWELL CHARLES D · CIK 0001172570 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,000

Underlying: Common · 4,000 shares

Expires 2014-04-14

F2 · security: This option was granted with attached tax withholding rights.

F3 · kind: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F3 · price: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F3 · derivative.exercise_date: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

Read SEC document
April 14, 2004 Filed Apr 15, 2004 15:44 UTC OtherOption (NQ) · Derivative 4,000 $0.00 Strike: $81.27 $0.00
Disclosure

SEC source: 0000018230-04-000241 · edgar.xml · derivative · entry 2

RUST EDWARD B JR · CIK 0001196159 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,000

Underlying: Common · 4,000 shares

Expires 2014-04-14

F1 · security: This option was granted with attached tax withholding rights.

F2 · kind: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F2 · price: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F2 · derivative.exercise_date: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

Read SEC document
April 14, 2004 Filed Apr 15, 2004 15:45 UTC OtherOption (NQ) · Derivative 4,000 $0.00 Strike: $81.27 $0.00
Disclosure

SEC source: 0000018230-04-000242 · edgar.xml · derivative · entry 2

SMITH JOSHUA T · CIK 0001173565 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,000

Underlying: Common · 4,000 shares

Expires 2014-04-14

F2 · security: This option was granted with attached tax withholding rights.

F3 · kind: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F3 · price: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F3 · derivative.exercise_date: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

Read SEC document
April 14, 2004 Filed Apr 15, 2004 15:46 UTC OtherOption (NQ) · Derivative 4,000 $0.00 Strike: $81.27 $0.00
Disclosure

SEC source: 0000018230-04-000243 · edgar.xml · derivative · entry 3

MAGOWAN PETER A · CIK 0001171799 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,000

Underlying: Common · 4,000 shares

Expires 2014-04-14

F3 · security: This option was granted with attached tax withholding rights.

F4 · kind: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F4 · price: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

F4 · derivative.exercise_date: Grant to reporting person of option to buy 4000 shares of common stock under the company's 1996 Stock Option Plan in transaction exempt under old Rule 16B-3. The option becomes exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

Read SEC document
April 08, 2004 Filed Apr 12, 2004 14:24 UTC Exercise / conversionEmployee Stock Option · Derivative 4,000 $0.00 Strike: $28.34 $0.00
Disclosure

SEC source: 0000018230-04-000215 · edgar.xml · derivative · entry 4

MAGOWAN PETER A · CIK 0001171799 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common · 4,000 shares

Expires 2004-04-13

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · security: This option was granted with attached tax withholding rights.

F4 · derivative.exercise_date: Exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

Read SEC document
April 08, 2004 Filed Apr 12, 2004 14:24 UTC Tax withholdingCommon 1,374 $82.50 $113,348.13
Disclosure

SEC source: 0000018230-04-000215 · edgar.xml · nonDerivative · entry 2

MAGOWAN PETER A · CIK 0001171799 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,848

F1 · balance_after: This amount includes 604 dividend reinvestment shares.

Read SEC document
April 08, 2004 Filed Apr 12, 2004 14:24 UTC Exercise / conversionCommon 4,000 $28.34 $113,374.80
Disclosure

SEC source: 0000018230-04-000215 · edgar.xml · nonDerivative · entry 1

MAGOWAN PETER A · CIK 0001171799 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,222

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
April 01, 2004 Filed Apr 2, 2004 14:40 UTC
OBERHELMAN DOUGLAS RGroup President
GrantCommon 3,000 $79.27 $237,810.00
Disclosure

SEC source: 0000018230-04-000202 · edgar.xml · nonDerivative · entry 1

OBERHELMAN DOUGLAS R · CIK 0001171770 · Group President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 31,130

F2 · kind: Restricted stock awarded pursuant to Caterpillar Inc. 1996 Stock Option and Long-Term Incentive Plan.

F1 · balance_after: This amount includes 9891 shares in 401K, 3168 shares in SEIP and 443 shares in dividend reinvestment.

Read SEC document
April 01, 2004 Filed Apr 2, 2004 14:41 UTC
BUDA JAMES BVP, General Counsel, Secy.
GrantCommon 1,000 $79.27 $79,270.00
Disclosure

SEC source: 0000018230-04-000203 · edgar.xml · nonDerivative · entry 1

BUDA JAMES B · CIK 0001171771 · VP, General Counsel, Secy.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,247

F2 · kind: Restricted stock awarded pursuant to Caterpillar Inc. 1996 Stock Option and Long-Term Incentive Plan.

F1 · balance_after: This amount includes 4,840 shares in 401K, 798 shares in SEIP and 537 shares in dividend reinvestment.

Read SEC document
April 01, 2004 Filed Apr 2, 2004 14:52 UTC
BUSSELL RODNEY LVice President
GrantCommon 500 $79.27 $39,635.00
Disclosure

SEC source: 0000018230-04-000204 · edgar.xml · nonDerivative · entry 1

BUSSELL RODNEY L · CIK 0001171776 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,534

F3 · kind: Restricted stock awarded pursuant to Caterpillar Inc. 1996 Stock Option and Long-Term Incentive Plan.

F1 · balance_after: This amount includes 1663 shares in EIP-1 and 852 shares in dividend reinvestment.

Read SEC document
April 01, 2004 Filed Apr 2, 2004 14:54 UTC
LAVIN RICHARD PVice President
GrantCommon 1,000 $79.27 $79,270.00
Disclosure

SEC source: 0000018230-04-000205 · edgar.xml · nonDerivative · entry 1

LAVIN RICHARD P · CIK 0001171774 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,771

F2 · kind: Restricted stock awarded pursuant to Caterpillar Inc. 1996 Stock Option and Long-Term Incentive Plan.

F1 · balance_after: This amount includes 3,397 shares in 401K, 1028 shares in SEIP and 197 shares in dividend reinvestment.

Read SEC document
April 01, 2004 Filed Apr 2, 2004 14:56 UTC
RAPP EDWARD JVice President
GrantCommon 1,000 $79.27 $79,270.00
Disclosure

SEC source: 0000018230-04-000206 · edgar.xml · nonDerivative · entry 1

RAPP EDWARD J · CIK 0001171780 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,223

F2 · kind: Restricted stock awarded pursuant to Caterpillar Inc. 1996 Stock Option and Long-Term Incentive Plan.

F1 · balance_after: This amount includes 5758 shares in 401K and 4 shares in dividend reinvestment.

Read SEC document
April 01, 2004 Filed Apr 2, 2004 14:57 UTC
STROUP GARY AVice President
GrantCommon 500 $79.27 $39,635.00
Disclosure

SEC source: 0000018230-04-000207 · edgar.xml · nonDerivative · entry 1

STROUP GARY A · CIK 0001171795 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 63,073

F2 · kind: Restricted stock awarded pursuant to Caterpillar Inc. 1996 Stock Option and Long-Term Incentive Plan.

F1 · balance_after: This amount includes 9342 shares in 401K and 484 shares in SEIP.

Read SEC document
March 31, 2004 Filed Apr 1, 2004 16:49 UTC GrantCommon 48 $79.36 $3,809.28
Disclosure

SEC source: 0000018230-04-000188 · edgar.xml · nonDerivative · entry 1

GALLARDO JUAN · CIK 0001173956 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 45,961

F1 · kind: Stock received in lieu of director's fees

F2 · balance_after: Included in this amount are 18 shares in dividend reinvestment.

Read SEC document
March 31, 2004 Filed Apr 1, 2004 16:51 UTC GrantCommon 17 $79.36 $1,349.12
Disclosure

SEC source: 0000018230-04-000189 · edgar.xml · nonDerivative · entry 1

POWELL CHARLES D · CIK 0001172570 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,828

F1 · kind: Stock received in lieu of director's fees.

F2 · balance_after: Included in this amount are 57 shares in dividend reinvestment.

Read SEC document
March 31, 2004 Filed Apr 1, 2004 19:59 UTC GrantPhantom Stock Units · Derivative 73 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0000018230-04-000193 · edgar.xml · derivative · entry 2

GOODE DAVID R · CIK 0001171794 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common · 73 shares

Expires 1988-08-08

F2 · derivative.exercise_price: Security converts to common stock on a one-for-one basis.

F3 · price: The phantom stock units were accrued under the Caterpillar Inc. directors deferred compensation plan and are to be settled 100% in cash upon the reporting person's retirement. The stock was acquired in March 2004 at a price of $79.36 per share.

F3 · derivative.exercise_date: The phantom stock units were accrued under the Caterpillar Inc. directors deferred compensation plan and are to be settled 100% in cash upon the reporting person's retirement. The stock was acquired in March 2004 at a price of $79.36 per share.

F3 · derivative.expiration_date: The phantom stock units were accrued under the Caterpillar Inc. directors deferred compensation plan and are to be settled 100% in cash upon the reporting person's retirement. The stock was acquired in March 2004 at a price of $79.36 per share.

Read SEC document
March 31, 2004 Filed Apr 1, 2004 20:01 UTC GrantPhantom Stock Units · Derivative 68 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0000018230-04-000194 · edgar.xml · derivative · entry 3

MAGOWAN PETER A · CIK 0001171799 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common · 68 shares

Expires 1988-08-08

F3 · derivative.exercise_price: Security converts to common stock on a one-for-one basis.

F2 · price: The phantom stock units were accrued under the Caterpillar Inc. directors deferred compensation plan and are to be settled 100% in cash upon the reporting person's retirement. The stock was acquired in March 2004 at a price of $79.36 per share.

F2 · derivative.exercise_date: The phantom stock units were accrued under the Caterpillar Inc. directors deferred compensation plan and are to be settled 100% in cash upon the reporting person's retirement. The stock was acquired in March 2004 at a price of $79.36 per share.

F2 · derivative.expiration_date: The phantom stock units were accrued under the Caterpillar Inc. directors deferred compensation plan and are to be settled 100% in cash upon the reporting person's retirement. The stock was acquired in March 2004 at a price of $79.36 per share.

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March 31, 2004 Filed Apr 1, 2004 20:02 UTC GrantPhantom Stock Units · Derivative 73 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0000018230-04-000195 · edgar.xml · derivative · entry 2

RUST EDWARD B JR · CIK 0001196159 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common · 73 shares

Expires 1988-08-08

F1 · derivative.exercise_price: Security converts to common stock on a one-for-one basis.

F2 · price: The phantom stock units were accrued under the Caterpillar Inc. directors deferred compensation plan and are to be settled 100% in cash upon the reporting person's retirement. The stock was acquired in March 2004 at a price of $79.36 per share.

F2 · derivative.exercise_date: The phantom stock units were accrued under the Caterpillar Inc. directors deferred compensation plan and are to be settled 100% in cash upon the reporting person's retirement. The stock was acquired in March 2004 at a price of $79.36 per share.

F2 · derivative.expiration_date: The phantom stock units were accrued under the Caterpillar Inc. directors deferred compensation plan and are to be settled 100% in cash upon the reporting person's retirement. The stock was acquired in March 2004 at a price of $79.36 per share.

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March 31, 2004 Filed Apr 2, 2004 16:57 UTC
PARKER JAMES JVice President
GrantPhantom Stock Units · Derivative 24 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0000018230-04-000211 · edgar.xml · derivative · entry 2

PARKER JAMES J · CIK 0001173559 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common · 24 shares

Expires 1988-08-08

F2 · derivative.exercise_price: Security converts to common stock on a one-for-one basis.

F3 · derivative.exercise_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

F3 · derivative.expiration_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

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March 31, 2004 Filed Apr 2, 2004 16:58 UTC
BAHAJ ALI MVice President
GrantPhantom Stock Units · Derivative 24 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0000018230-04-000212 · edgar.xml · derivative · entry 3

BAHAJ ALI M · CIK 0001172565 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common · 24 shares

Expires 1988-08-08

F3 · derivative.exercise_price: Security converts to common stock on a one-for-one basis.

F4 · derivative.exercise_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

F4 · derivative.expiration_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

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March 31, 2004 Filed Apr 2, 2004 16:59 UTC
WUNNING STEVEN HGroup President
GrantPhantom Stock Units · Derivative 35 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0000018230-04-000213 · edgar.xml · derivative · entry 3

WUNNING STEVEN H · CIK 0001171788 · Group President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common · 35 shares

Expires 1988-08-08

F3 · derivative.exercise_price: Security converts to common stock on a one-for-one basis.

F4 · derivative.exercise_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

F4 · derivative.expiration_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

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March 31, 2004 Filed Apr 19, 2004 18:17 UTC
THOMPSON RICHARD LGroup President
GrantPhantom Stock Units · Derivative 1,088 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0000018230-04-000257 · edgar.xml · derivative · entry 3

THOMPSON RICHARD L · CIK 0001122800 · Group President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common · 1,088 shares

Expires 1988-08-08

F3 · derivative.exercise_price: Security converts to common stock on a one-for-one basis.

F4 · derivative.exercise_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

F4 · derivative.expiration_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

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March 31, 2004 Filed Apr 19, 2004 18:42 UTC Amendment
BAHAJ ALI MVice President
GrantPhantom Stock Units · Derivative 538 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0000018230-04-000258 · edgar.xml · derivative · entry 3

BAHAJ ALI M · CIK 0001172565 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common · 538 shares

Expires 1988-08-08

F3 · derivative.exercise_price: Security converts to common stock on a one-for-one basis.

F4 · derivative.exercise_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

F4 · derivative.expiration_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

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March 31, 2004 Filed Apr 19, 2004 18:44 UTC Amendment
WUNNING STEVEN HGroup President
GrantPhantom Stock Units · Derivative 751 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0000018230-04-000259 · edgar.xml · derivative · entry 3

WUNNING STEVEN H · CIK 0001171788 · Group President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common · 751 shares

Expires 1988-08-08

F3 · derivative.exercise_price: Security converts to common stock on a one-for-one basis.

F4 · derivative.exercise_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

F4 · derivative.expiration_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

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March 31, 2004 Filed Apr 19, 2004 18:47 UTC
BANWART SIDNEY CVice President
GrantPhantom Stock Units · Derivative 617 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0000018230-04-000260 · edgar.xml · derivative · entry 3

BANWART SIDNEY C · CIK 0001171787 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common · 617 shares

Expires 1988-08-08

F3 · derivative.exercise_price: Security converts to common stock on a one-for-one basis.

F4 · derivative.exercise_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

F4 · derivative.expiration_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

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March 31, 2004 Filed Apr 19, 2004 18:52 UTC
SHAHEEN GERALD LGroup President
GrantPhantom Stock Units · Derivative 1,029 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0000018230-04-000261 · edgar.xml · derivative · entry 2

SHAHEEN GERALD L · CIK 0001159203 · Group President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common · 1,029 shares

Expires 1988-08-08

F2 · derivative.exercise_price: Security converts to common stock on a one-for-one basis.

F3 · derivative.exercise_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

F3 · derivative.expiration_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

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March 31, 2004 Filed Apr 19, 2004 18:54 UTC
GOSSELIN STEPHEN AVice President
GrantPhantom Stock Units · Derivative 467 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0000018230-04-000262 · edgar.xml · derivative · entry 3

GOSSELIN STEPHEN A · CIK 0001172564 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common · 467 shares

Expires 1988-08-08

F2 · derivative.exercise_price: Security converts to common stock on a one-for-one basis.

F3 · derivative.exercise_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

F3 · derivative.expiration_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

Read SEC document
March 31, 2004 Filed Apr 19, 2004 18:56 UTC
OBERHELMAN DOUGLAS RGroup President
GrantPhantom Stock Units · Derivative 800 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0000018230-04-000263 · edgar.xml · derivative · entry 2

OBERHELMAN DOUGLAS R · CIK 0001171770 · Group President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common · 800 shares

Expires 1988-08-08

F2 · derivative.exercise_price: Security converts to common stock on a one-for-one basis.

F3 · derivative.exercise_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

F3 · derivative.expiration_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

Read SEC document
March 31, 2004 Filed Apr 19, 2004 18:59 UTC Amendment
PARKER JAMES JVice President
GrantPhantom Stock Units · Derivative 427 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0000018230-04-000264 · edgar.xml · derivative · entry 2

PARKER JAMES J · CIK 0001173559 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common · 427 shares

Expires 1988-08-08

F2 · derivative.exercise_price: Security converts to common stock on a one-for-one basis.

F3 · derivative.exercise_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

F3 · derivative.expiration_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

Read SEC document
March 31, 2004 Filed Apr 19, 2004 19:02 UTC
BUDA JAMES BVP, General Counsel, Secy.
GrantPhantom Stock Units · Derivative 524 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0000018230-04-000265 · edgar.xml · derivative · entry 2

BUDA JAMES B · CIK 0001171771 · VP, General Counsel, Secy.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common · 524 shares

Expires 1988-08-08

F2 · derivative.exercise_price: Security converts to common stock on a one-for-one basis.

F3 · derivative.exercise_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

F3 · derivative.expiration_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

Read SEC document
March 31, 2004 Filed Apr 19, 2004 19:04 UTC
MURPHY DANIEL MVice President
GrantPhantom Stock Units · Derivative 454 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0000018230-04-000266 · edgar.xml · derivative · entry 2

MURPHY DANIEL M · CIK 0001171791 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common · 454 shares

Expires 1988-08-08

F2 · derivative.exercise_price: Security converts to common stock on a one-for-one basis.

F3 · derivative.exercise_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

F3 · derivative.expiration_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

Read SEC document
March 31, 2004 Filed Apr 19, 2004 19:16 UTC
PFLEDERER MARK RVice President
GrantPhantom Stock Units · Derivative 226 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0000018230-04-000267 · edgar.xml · derivative · entry 2

PFLEDERER MARK R · CIK 0001273772 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common · 226 shares

Expires 1988-08-08

F2 · derivative.exercise_price: Security converts to common stock on a one-for-one basis.

F3 · derivative.exercise_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

F3 · derivative.expiration_date: The reported phantom stock units were acquired under Caterpillar Inc.'s deferred employee investment plan and will be settled upon the reporting person's retirement or other termination of service.

Read SEC document
March 30, 2004 Filed Mar 31, 2004 16:06 UTC Exercise / conversionEmployee Stock Option · Derivative 2,750 $0.00 Strike: $39.19 $0.00
Disclosure

SEC source: 0000018230-04-000185 · edgar.xml · derivative · entry 3

SMITH JOSHUA T · CIK 0001173565 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common · 2,750 shares

Expires 2007-04-09

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · security: (Right to Buy) with tandem tax withholding rights.

F3 · derivative.exercise_date: Exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

Read SEC document
March 30, 2004 Filed Mar 31, 2004 16:06 UTC Tax withholdingCommon 1,361 $79.13 $107,695.93
Disclosure

SEC source: 0000018230-04-000185 · edgar.xml · nonDerivative · entry 2

SMITH JOSHUA T · CIK 0001173565 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,339

F1 · balance_after: Included in this amount are 48 shares in dividend reinvestment.

Read SEC document
March 30, 2004 Filed Mar 31, 2004 16:06 UTC Exercise / conversionCommon 2,750 $39.19 $107,765.63
Disclosure

SEC source: 0000018230-04-000185 · edgar.xml · nonDerivative · entry 1

SMITH JOSHUA T · CIK 0001173565 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,700

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
March 05, 2004 Filed Mar 8, 2004 14:03 UTC
BAHAJ ALI MVice President
Exercise / conversionEmployee Stock Option · Derivative 2,000 $0.00 Strike: $32.91 $0.00
Disclosure

SEC source: 0000018230-04-000157 · edgar.xml · derivative · entry 3

BAHAJ ALI M · CIK 0001172565 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common · 2,000 shares

Expires 2006-06-11

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · security: (Right to Buy) with tandem tax withholding rights.

F4 · derivative.exercise_date: Exercisable in thirds - 1/3 after 1 yr.; 1/3 after 2 yrs.; 1/3 after 3 yrs.

Read SEC document
March 05, 2004 Filed Mar 8, 2004 14:03 UTC
BAHAJ ALI MVice President
Exercise / conversionCommon 2,000 $32.91 $65,812.40
Disclosure

SEC source: 0000018230-04-000157 · edgar.xml · nonDerivative · entry 1

BAHAJ ALI M · CIK 0001172565 · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,170

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: This amount includes 8543 shares in EIP-1, 34 shares in SEIP and 42 shares in dividend reinvestment.

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Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.