SEC Form 4 · accession 0000899243-17-026652
ITT INC. · ITT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Denise L Ramos
Officer — See Remarks · Director
Period of report
Nov 14, 2017
Accepted (ET)
Nov 16, 2017 · 6:05 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 14, 2017 | M | 25,000 | $20.28 | A | 283,032 | D | |
| Common StockF1 | Nov 14, 2017 | S | 25,000 | $50.1835 | D | 258,032 | D | |
| Common Stock | Nov 14, 2017 | M | 86,100 | $22.80 | A | 344,132 | D | |
| Common StockF2 | Nov 14, 2017 | S | 86,100 | $50.3377 | D | 258,032 | D | |
| Common Stock | Nov 15, 2017 | M | 50,000 | $22.80 | A | 308,032 | D | |
| Common StockF3 | Nov 15, 2017 | S | 50,000 | $49.7794 | 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)F4 | $20.28 | Nov 14, 2017 | M | 25,000 | D | — | Nov 7, 2021 | Common Stock | 25,000 | 0 | D |
| Employee Stock Option (Right to Buy)F5 | $22.80 | Nov 14, 2017 | M | 86,100 | D | — | Mar 8, 2022 | Common Stock | 86,100 | 50,000 | D |
| Employee Stock Option (Right to Buy)F5 | $22.80 | Nov 15, 2017 | M | 50,000 | D | — | Mar 8, 2022 | Common Stock | 50,000 | 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 $50.00 to $50.60 per share. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission (the "Commission") 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 $50.00 to $50.54 per share. The reporting person undertakes to provide, upon request by the Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each price.
- F3This price represents the approximate weighted average price per share of sales of common stock of the Issuer, which were executed at prices ranging from $49.68 to $50.09 per share. The reporting person undertakes to provide, upon request by the Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each price.
- F4These options were granted on November 7, 2011 and vested in three equal annual installments beginning on the first anniversary of the grant date.
- F5These options were granted on March 8, 2012 and vested in full on March 8, 2015.
Remarks
Chief Executive Officer and President