SEC Form 4 · accession 0000899243-16-015583
ITT INC. · ITT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Neil W Yeargin
Officer — See Remarks
Period of report
Mar 5, 2016
Accepted (ET)
Mar 8, 2016 · 7:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000216228
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 5, 2016 | A | 10,329 | — | A | 46,469 | D | |
| Common StockF2 | Mar 8, 2016 | F | 7,535 | $37.21 | D | 38,934 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Acquired upon the settlement of performance units granted on March 5, 2013 under the ITT Corporation 2011 Omnibus Incentive Plan as a result of the satisfaction of the performance criteria underlying the award.
- F2Reflects the withholding of (i) 3,507 shares of common stock to pay the tax liability incident to the settlement of performance units on March 5, 2016, as described in footnote (1) above, (ii) 3,012 shares of common stock to pay the tax liability incident to the vesting on March 5, 2016 of restricted stock units granted under the ITT Corporation 2011 Omnibus Incentive Plan on March 5, 2013 pursuant to his employment agreement and (iii) 1,016 shares of common stock to pay the tax liability incident to the vesting on March 5, 2016 of restricted stock units granted under the ITT Corporation Omnibus Incentive Plan on March 5, 2013 as an annual grant. The number of shares withheld was determined on March 8, 2016 based on the average of the high/low price of the Issuer's common stock on March 7, 2016.
Remarks
Senior Vice President and President, Interconnect Solutions