SEC Form 4 · accession 0000073124-16-000363
NORTHERN TRUST CORP · NTRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles D Powell
Other
Period of report
Apr 19, 2016
Accepted (ET)
Apr 20, 2016 · 7:51 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 19, 2016 | M | 1,530 | — | A | 1,530 | D | |
| Common StockF2 | Apr 19, 2016 | D | 1,530 | $70.295 | D | 0 | 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 19, 2016 | M | 1,530 | D | — | — | Common Stock | 1,530 | 0 | D |
| Stock UnitsF1,F3 | — | Apr 19, 2016 | A | 1,531 | A | — | — | Common Stock | 1,531 | 1,531 | 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.
- F21,530 stock units vested on April 19, 2016 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.
- F3The stock units will be paid in cash to the Advisory Director upon the date of the Corporation's 2017 Annual Meeting of Stockholders.