SEC Form 4 · accession 0000073124-15-000125
NORTHERN TRUST CORP · NTRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Bond
Other
Period of report
Apr 21, 2015
Accepted (ET)
Apr 23, 2015 · 8:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000073124
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Apr 21, 2015 | M | 1,677 | — | A | 2,677 | D | |
| Common StockF2 | Apr 21, 2015 | D | 1,677 | $71.83 | D | 1,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock UnitsF1,F2 | — | Apr 21, 2015 | M | 1,677 | D | — | — | Common Stock | 1,677 | 0 | D |
Explanation of responses
- F1Each unit is the economic equivalent of one share of the Corporation's common stock and is settled in cash upon vesting.
- F21,677.01 stock units vested on April 21, 2015 and were paid in cash to the Advisory Director. This form reports such settlement in cash as the deemed conversion of units and immediate disposition of underlying common stock in accordance with SEC guidance.