SEC Form 4 · accession 0000899243-16-033694
ITT INC. · ITT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aris C Chicles
Officer — See Remarks
Period of report
Nov 15, 2016
Accepted (ET)
Nov 16, 2016 · 5:23 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 Stock | Nov 15, 2016 | M | 32,217 | $21.5289 | A | 72,117 | D | |
| Common StockF1 | Nov 15, 2016 | S | 32,217 | $38.3661 | D | 39,900 | D | |
| Common Stock | Nov 15, 2016 | M | 24,163 | $19.965 | A | 64,063 | D | |
| Common StockF2 | Nov 15, 2016 | S | 24,163 | $38.1575 | D | 39,900 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F3 | $21.5289 | Nov 15, 2016 | M | 32,217 | D | — | Mar 3, 2021 | Common Stock | 32,217 | 0 | D |
| Employee Stock Option (Right to Buy)F4 | $19.965 | Nov 15, 2016 | M | 24,163 | D | — | Mar 5, 2020 | Common Stock | 24,163 | 0 | D |
Explanation of responses
- F1This price represents the approximate weighted average price per share of sales of common stock of ITT Inc. (the "Issuer"), which were executed at prices ranging from $38.31 to $38.41 per share. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff (the "Staff"), the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each price.
- F2This price represents the approximate weighted average price per share of sales of common stock of the Issuer, which were executed at prices ranging from $38.10 to $38.27 per share. The reporting person undertakes to provide, upon request by the Staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each price.
- F3These options were granted on March 3, 2011 and are fully vested and exercisable.
- F4These options were granted on March 5, 2010 and are fully vested and exercisable.
Remarks
EVP and President, Industrial Process