SEC Form 4 · accession 0001567619-18-002326
nVent Electric plc · NVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William T Monahan
Director
Period of report
Sep 5, 2018
Accepted (ET)
Sep 7, 2018 · 5:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001720635
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares | Sep 5, 2018 | M | 17,133 | $8.37 | A | 58,462 | D | |
| Ordinary SharesF2 | Sep 5, 2018 | S | 17,133 | $28.08 | D | 41,329 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $8.37 | Sep 5, 2018 | M | 17,133 | D | — | Jan 2, 2019 | Ordinary Shares | 17,133 | 0 | D |
| Phantom Stock Units (Deferred Compensation)F6,F4,F5 | — | holding | — | — | — | — | — | Ordinary Shares | 10,690 | 10,690 | I |
| Phantom Stock Units (Equity Compensation)F6,F4,F5 | — | holding | — | — | — | — | — | Ordinary Shares | 2,578 | 2,578 | I |
Explanation of responses
- F1The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person for financial planning purposes in connection with stock options that will expire on January 2, 2019.
- F2The price reported in Column 4 is a weighted average price. The prices actually received ranged from $27.82 to $28.42. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.
- F3This option is presently exercisable in full.
- F4Phantom stock units convert into ordinary shares on a one-for-one basis.
- F5Settlement of phantom stock units will be in nVent Electric plc ordinary shares in accordance with reporting person's irrevocable election.
- F6End-of-period holdings include shares acquired under a dividend reinvestment plan in exempt transactions not required to be reported pursuant to Section 16(a).