SEC Form 4 · accession 0000899243-17-007969
ITT INC. · ITT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Denise L Ramos
Officer — CEO and President
Period of report
Mar 16, 2017
Accepted (ET)
Mar 17, 2017 · 4:07 pm EDT
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 | Mar 16, 2017 | M | 50,000 | $20.28 | A | 308,032 | D | |
| Common StockF1 | Mar 16, 2017 | S | 50,000 | $41.3536 | 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)F2 | $20.28 | Mar 16, 2017 | M | 50,000 | D | — | Nov 7, 2021 | Common Stock | 50,000 | 25,000 | 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 $41.25 to $41.67 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.
- F2These options were granted on November 7, 2011 and vested in three equal annual installments beginning on the first anniversary of the grant date.