SEC Form 4 · accession 0001209191-15-025459
ITT INC. · ITT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Luca Savi
Officer — SVP & Pres., Mot. Tech
Period of report
Mar 9, 2015
Accepted (ET)
Mar 11, 2015 · 9:20 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 StockF1 | Mar 9, 2015 | M | 4,006 | — | A | 34,357 | D | |
| Common StockF2 | Mar 9, 2015 | D | 4,006 | $41.05 | D | 30,351 | 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 UnitsF1,F3 | — | Mar 9, 2015 | M | 4,006 | D | — | — | Common Stock | 4,006 | 0 | D |
Explanation of responses
- F1Reflects the vesting of shares of restricted stock granted on March 8, 2012 under the ITT Corporation 2011 Omnibus Incentive Plan. Each restricted stock unit represents the right to receive on the vesting date either one share of the Issuer's Common Stock or 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 March 8, 2015 and will be settled in cash based on the average of the high/low of the Issuer's Common Stock on March 9, 2015.