SEC Form 4 · accession 0000899243-18-005879
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
Feb 26, 2018
Accepted (ET)
Feb 28, 2018 · 7:37 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 | Feb 26, 2018 | A | 42,240 | $0.00 | A | 300,272 | D | |
| Common StockF2 | Feb 26, 2018 | A | 38,138 | — | A | 338,410 | D | |
| Common StockF3 | Feb 27, 2018 | F | 29,010 | $52.99 | D | 309,400 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects an award of restricted stock units, all of which are scheduled to vest on February 26, 2021.
- F2Acquired upon the settlement of performance units granted on February 25, 2015 under the ITT Inc. 2011 Omnibus Incentive Plan (the "Plan") as a result of the satisfaction of the performance criteria underlying the award.
- F3Reflects the withholding of (i) 18,677 shares of common stock to pay the tax liability incident to the settlement of performance units on February 26, 2018, as described in footnote (2) above and (ii) 10,333 shares of common stock to pay the tax liability incident to the vesting on February 25, 2018 of restricted stock units granted under the Plan on February 25, 2015. The number of shares withheld was determined on February 27, 2018 based on the average of the high/low price of the Issuer's common stock on February 26, 2018.
Remarks
Chief Executive Officer and President