SEC Form 4 · accession 0000950138-17-000695
EMERSON ELECTRIC CO · EMR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David N Farr
Officer — Chairman of Board & CEO · Director
Period of report
Sep 30, 2017
Accepted (ET)
Oct 3, 2017 · 4:46 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 StockF1,F2 | Sep 30, 2017 | M | 163,400 | — | A | 1,983,472 | D | |
| Common StockF3,F4 | Sep 30, 2017 | F | 78,351 | $62.805 | D | 1,905,121 | D | |
| Common StockF5,F6 | Oct 3, 2017 | F | 38,360 | $63.215 | D | 1,866,761 | D | |
| Common Stock | holding | — | — | — | 401,801 | I | Spouse | |
| Common Stock | holding | — | — | — | 59,723 | I | Trust - Daughter | |
| Common Stock | holding | — | — | — | 69,723 | I | Trust - Son | |
| Common Stock | holding | — | — | — | 9,641 | I | 401(k) Plan | |
| Common Stock | holding | — | — | — | 37,620 | 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 UnitsF1,F2,F7 | — | Sep 30, 2017 | M | 163,400 | D | — | — | Common Stock | 163,400 | 0 | D |
Explanation of responses
- F1Vesting of 163,400 restricted stock units exempt pursuant to Rule 16b-3. The restricted stock units were acquired upon payout of 40% (163,400 units) of the earned performance share award under a shareholder-approved benefit plan. The payout was based on the level of achievement of financial targets for the performance period ended September 30, 2016. The restricted stock units were subject to a one-year vesting period. The payout of the other 60% was previously reported.
- F2Price is not applicable to the acquisition or vesting of the restricted stock units described in Note 1 or to the acquisition of Issuer common stock upon such vesting.
- F3Shares withheld for required minimum taxes upon vesting of restricted stock units described in Note 1 exempt pursuant to Rule 16b-3.
- F4Fair market value on date of the vesting described in Note 1.
- F5Shares withheld for required minimum taxes upon vesting of previously reported stock grant under shareholder approved benefit plan exempt pursuant to Rule 16b-3.
- F6Fair market value on date of the vesting described in Note 5.
- F7Each restricted stock unit represented a contingent right to receive one share of the Issuer's common stock.