SEC Form 4 · accession 0000950138-16-001453
EMERSON ELECTRIC CO · EMR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward L Monser
Officer — President
Period of report
Nov 1, 2016
Accepted (ET)
Nov 3, 2016 · 4:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000032604
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Nov 1, 2016 | A | 22,829 | — | A | 164,108 | D | |
| Common StockF2 | Nov 1, 2016 | A | 10,000 | — | A | 174,108 | D | |
| Common Stock | holding | — | — | — | 1,516 | I | 401(k) plan | |
| Common Stock | holding | — | — | — | 5,624 | I | 401(k) excess plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F2,F5 | — | Nov 1, 2016 | A | 29,240 | A | — | — | Common Stock | 29,240 | 29,240 | D |
Explanation of responses
- F1Acquisition of 22,829 shares pursuant to Rule 16b-3 upon payout of 60% (87,720 units) of earned performance share award under shareholder-approved benefit plan. The payout was based on the level of achievement of financial targets for the performance period ended September 30, 2016. Of these 87,720 units, 45,658 units were paid in shares of Issuer stock, with the remaining 42,062 units paid in cash to cover the reporting person's tax obligations. Of these 45,658 earned units, the reporting person previously transferred the economic interests in 22,829 units to his ex-wife pursuant to a domestic relations order. Mr. Monser disclaims beneficial ownership and does not report them as beneficially owned.
- F2Price is not applicable to acquisitions described in Notes 1, 3 and 4.
- F3Grant of restricted stock under shareholder approved benefit plan exempt pursuant to Rule 16b-3(d).
- F4Acquisition of 29,240 restricted stock units pursuant to Rule 16b-3 upon payout of 40% (58,480 units) of earned performance share award under shareholder-approved benefit plan described in Note 1. The restricted stock units are subject to a one-year vesting period. Of these 58,480 units, the reporting person previously transferred the economic interests in 29,240 units to his ex-wife pursuant to a domestic relations order. Mr. Monser disclaims beneficial ownership in such units and does not report them as beneficially owned.
- F5Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.