SEC Form 4 · accession 0000073124-16-000260
NORTHERN TRUST CORP · NTRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frederick H Waddell
Officer — Chairman and CEO · Director
Period of report
Jan 26, 2016
Accepted (ET)
Jan 28, 2016 · 8:56 pm EST
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 | Jan 26, 2016 | G | 9,290 | $0.00 | D | 0 | I | 2013 GRAT |
| Common StockF1 | holding | — | — | — | 118,875 | I | By Trust | |
| Common StockF3 | holding | — | — | — | 197,434 | D | ||
| Common StockF2 | holding | — | — | — | 26,298 | I | 2014 GRAT | |
| Common Stock | holding | — | — | — | 54,800 | I | 2015 GRAT | |
| Common Stock | holding | — | — | — | 8,710 | I | By Spouse | |
| Common Stock | holding | — | — | — | 33,692 | I | 401(k) as of 12-31-15 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On January 26, 2016, the reporting person's grantor retained annuity trust ("GRAT") distributed 13,081 shares of the Corporation's common stock to the reporting person's existing revocable trust as an annuity payment. On such date 9,290 shares also were distributed to the remaindermen of the GRAT. Each distribution was made in accordance with the terms of the GRAT instrument.
- F2Reflects 11,129 shares as held in a GRAT established in 2014 that were previously reported as held in a GRAT established in 2013.
- F3Includes 197,314 shares representing stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.