SEC Form 4 · accession 0000073124-16-000305
NORTHERN TRUST CORP · NTRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Biff Bowman
Officer — Chief Financial Officer
Period of report
Feb 16, 2016
Accepted (ET)
Feb 18, 2016 · 8:12 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 16, 2016 | F | 1,745 | $58.075 | D | 54,689 | D | |
| Common StockF3 | Feb 16, 2016 | A | 9,657 | $0.00 | A | 64,346 | D | |
| Common Stock | holding | — | — | — | 550 | I | 401(k) as of 12-31-15 |
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 | $58.25 | Feb 16, 2016 | A | 34,489 | A | — | Feb 16, 2026 | Common Stock | 34,489 | 34,489 | D |
Explanation of responses
- F1Includes 17,460 shares representing stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.
- F2On February 16, 2016, 1,745 shares were withheld in payment of Federal, State and Medicare taxes in conjunction with the vesting of 3,818 already reported stock units. The remaining 2,073 shares were distributed to the reporting person.
- F3Includes 27,117 shares representing stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.
- F4This option becomes exercisable in four equal annual installments beginning 2/16/2017.