SEC Form 4 · accession 0000899243-19-005197
ITT INC. · ITT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ryan F. Flynn
Officer — See Remarks
Period of report
Feb 26, 2019
Accepted (ET)
Feb 28, 2019 · 4:05 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 StockF1 | Feb 26, 2019 | M | 940 | — | A | 940 | D | |
| Common StockF2 | Feb 26, 2019 | D | 940 | $58.55 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units (Cash-Settled)F1,F3 | — | Feb 26, 2019 | M | 940 | D | — | — | Common Stock | 940 | 5,480 | D |
Explanation of responses
- F1Reflects the vesting of shares of cash-settled restricted stock granted on February 26, 2018 under the ITT Corporation 2011 Omnibus Incentive Plan. Each cash-settled restricted stock unit represents the right to receive on the vesting date cash equal to the fair market value on the vesting date of one share of the Issuer's Common Stock.
- F2Reflects the cash settlement of shares of restricted stock in connection with the vesting of restricted stock units, as described in Note (1).
- F3The restricted stock units vested on February 26, 2019 and will be settled in cash based on the average of the high/low of the Issuer's Common Stock on February 26, 2019.
Remarks
SVP and President, Asia Pacific Region