SEC Form 4 · accession 0001209191-15-010607
Eaton Corp plc · ETN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alexander M Cutler
Officer — See Remarks below. · Director
Period of report
Feb 5, 2015
Accepted (ET)
Feb 9, 2015 · 9:02 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001551182
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares | Feb 5, 2015 | M | 2,477 | $40.41 | A | 496,583 | D | |
| Ordinary SharesF1 | Feb 5, 2015 | F | 1,442 | $69.37 | D | 495,141 | D | |
| Ordinary Shares | Feb 5, 2015 | M | 330,000 | $34.31 | A | 825,141 | D | |
| Ordinary SharesF2 | Feb 5, 2015 | S | 330,000 | $69.2261 | D | 495,141 | D | |
| Ordinary Shares | holding | — | — | — | 2,000 | I | by son | |
| Ordinary SharesF3 | holding | — | — | — | 39,962 | I | by trustee of ESP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option | $40.41 | Feb 5, 2015 | M | 2,477 | D | Feb 27, 2008 | Feb 27, 2017 | Ordinary Shares | 2,477 | 277,523 | D |
| Stock Option | $34.31 | Feb 5, 2015 | M | 330,000 | D | Feb 21, 2007 | Feb 21, 2016 | Ordinary Shares | 330,000 | 0 | D |
Explanation of responses
- F1These shares were delivered to the issuer to pay for the applicable option exercise price and withholding tax.
- F2Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $69.00 - $69.57. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- F3These ordinary shares are held in the Eaton Savings Plan.
Remarks
Chief Executive Officer of Eaton Corporation, a subsidiary of the Issuer