SEC Form 4 · accession 0000073124-16-000286
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
Feb 11, 2016
Accepted (ET)
Feb 16, 2016 · 6:33 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 | Feb 11, 2016 | F | 7,211 | $55.155 | D | 181,657 | D | |
| Common StockF1,F3 | holding | — | — | — | 93,253 | I | By Trust | |
| Common Stock | holding | — | — | — | 26,298 | I | 2014 GRAT | |
| Common Stock | holding | — | — | — | 54,800 | I | 2015 GRAT | |
| Common StockF3 | holding | — | — | — | 34,188 | I | 2016 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 February 11, 2016, 15,777 already reported stock units, granted on February 11, 2013, vested. Of this amount, 7,211 were withheld in payment of Federal, State and Medicare taxes and the remaining 8,566 were distributed to the reporting person as shares of common stock and transferred to the reporting person's existing trust account.
- F2Includes 181,537 shares representing stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.
- F3Reflects the February 10, 2016 transfer of 34,188 shares of the Corporation's common stock from the reporting person's personal trust into a newly created grantor retained annuity trust.