SEC Form 4 · accession 0000073124-16-000419
NORTHERN TRUST CORP · NTRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joyce St Clair
Officer — Executive Vice President
Period of report
Aug 3, 2016
Accepted (ET)
Aug 3, 2016 · 7:11 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 | Aug 3, 2016 | M | 48,110 | $43.65 | A | 81,070 | D | |
| Common StockF2,F1 | Aug 3, 2016 | S | 48,110 | $67.0216 | D | 32,960 | D | |
| Common StockF3 | Aug 3, 2016 | G | 779 | $0.00 | D | 21,267 | I | By Trust |
| Common StockF3 | holding | — | — | — | 13,215 | I | 2015 GRAT | |
| Common Stock | holding | — | — | — | 16,840 | I | 2016 GRAT | |
| Common Stock | holding | — | — | — | 5,117 | I | 401(k) as of 6-30-16 |
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 | $43.65 | Aug 3, 2016 | M | 48,110 | D | — | Feb 13, 2022 | Common Stock | 48,110 | 0 | D |
Explanation of responses
- F1Includes 32,960 shares representing stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.
- F2Price reflects the weighted average sales price from $66.76 to $67.19. Information regarding the number of shares sold at each separate price will be provided by the reporting person upon request.
- F3Reflects the July 25, 2016 distribution of 5,983 shares from the reporting person's grantor retained annuity trust to the reporting person's existing trust as an annuity payment in accordance with the terms of the GRAT instrument.
- F4This option became exercisable in four equal annual installments beginning 2/13/2013.