SEC Form 4 · accession 0000899243-17-007033
ITT INC. · ITT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Denise L Ramos
Officer — See Remarks
Period of report
Mar 7, 2017
Accepted (ET)
Mar 9, 2017 · 6:11 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 7, 2017 | F | 10,371 | $41.15 | D | 258,032 | D | |
| Common Stock | Mar 7, 2017 | M | 8,428 | $20.28 | A | 266,460 | D | |
| Common StockF2 | Mar 7, 2017 | S | 8,428 | $41.0027 | D | 258,032 | D | |
| Common Stock | Mar 8, 2017 | M | 66,572 | $20.28 | A | 324,604 | D | |
| Common Stock | Mar 8, 2017 | S | 66,572 | $41.00 | D | 258,032 | 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 | $20.28 | Mar 7, 2017 | M | 8,428 | D | — | Nov 7, 2021 | Common Stock | 8,428 | 141,572 | D |
| Employee Stock Option (Right to Buy)F3 | $20.28 | Mar 8, 2017 | M | 66,572 | D | — | Nov 7, 2021 | Common Stock | 66,572 | 75,000 | D |
Explanation of responses
- F1Reflects the withholding of 10,371 shares of common stock to pay the tax liability incident to the vesting on March 4, 2017 of restricted stock units granted under the ITT 2011 Omnibus Incentive Plan on March 4, 2014. The number of shares withheld was determined on March 7, 2017 based on the average of the high/low trading price of the common stock of ITT Inc. (the "Issuer") on March 6, 2017.
- 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 $41.00 to $41.03 per share. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission 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 November 7, 2011 and vested in three equal annual installments beginning on the first anniversary of the grant date.
Remarks
Chief Executive Officer and President