SEC Form 4 · accession 0000073124-15-000158
NORTHERN TRUST CORP · NTRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey D. Cohodes
Officer — EVP/Chief Risk Officer
Period of report
May 14, 2015
Accepted (ET)
May 15, 2015 · 4:54 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 | May 14, 2015 | M | 13,533 | $50.99 | A | 65,861 | D | |
| Common StockF1 | May 14, 2015 | M | 21,372 | $52.64 | A | 87,233 | D | |
| Common StockF3,F1 | May 14, 2015 | S | 34,905 | $74.8528 | D | 52,328 | D | |
| Common Stock | holding | — | — | — | 3,817 | I | 401(k) as of 3-31-2015 |
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)F4 | $50.99 | May 14, 2015 | M | 13,533 | D | — | Feb 15, 2020 | Common Stock | 13,533 | 0 | D |
| Employee Stock Option (right-to-buy)F5 | $52.64 | May 14, 2015 | M | 21,372 | D | — | Feb 14, 2021 | Common Stock | 21,372 | 0 | D |
Explanation of responses
- F1Includes 20,484 shares representing stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.
- F2This transaction was effected pursuant to a trading plan adopted in accordance with SEC Rule 10b5-1.
- F3Price reflects the weighted average sales price from $74.4919 to $75.0359. Information regarding the number of shares sold at each separate price will be provided by the reporting person upon request.
- F4This option became exercisable in four equal annual installments beginning 2/15/2011.
- F5This option became exercisable in four equal annual installments beginning 2/14/2012.