SEC Form 4 · accession 0001209191-15-040555
ITT INC. · ITT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas M Scalera
Officer — Senior VP and CFO
Period of report
May 6, 2015
Accepted (ET)
May 8, 2015 · 4:35 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 | May 6, 2015 | M | 8,868 | $12.3881 | A | 45,462 | D | |
| Common StockF1 | May 6, 2015 | S | 8,868 | $40.863 | D | 36,594 | D | |
| Common StockF2 | holding | — | — | — | 608 | I | By 401(k) plan |
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)F3 | $12.3881 | May 6, 2015 | M | 8,868 | D | — | Mar 5, 2016 | Common Stock | 8,868 | 0 | D |
Explanation of responses
- F1This price represents the approximate weighted average price per share of common stock (each a "Share") of ITT Corporation (the "Issuer"), of sales that were executed at prices ranging from $40.8601 to $40.87 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.
- F2Units held as of May 6, 2015 representing interests in the ITT Stock Fund.
- F3These options vested in three equal installments on March 5, 2010, March 5, 2011 and March 5, 2012.