SEC Form 4 · accession 0000073124-16-000421
NORTHERN TRUST CORP · NTRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William L Morrison
Officer — President
Period of report
Aug 3, 2016
Accepted (ET)
Aug 5, 2016 · 7:13 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 | 90,270 | $57.54 | A | 280,884 | D | |
| Common StockF2,F1 | Aug 3, 2016 | S | 90,270 | $66.97 | D | 190,614 | D | |
| Common StockF1 | Aug 4, 2016 | S | 20,000 | $66.72 | D | 170,614 | D | |
| Common StockF1 | Aug 4, 2016 | M | 20,046 | $43.65 | A | 190,660 | D | |
| Common StockF3,F1 | Aug 4, 2016 | S | 20,046 | $66.71 | D | 170,614 | D | |
| Common StockF1 | Aug 5, 2016 | M | 40,247 | $63.36 | A | 210,861 | D | |
| Common StockF4,F1 | Aug 5, 2016 | S | 40,247 | $68.86 | D | 170,614 | D | |
| Common Stock | holding | — | — | — | 1,200 | I | By Spouse | |
| Common Stock | holding | — | — | — | 350 | I | By Children | |
| Common Stock | holding | — | — | — | 2,554 | 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)F5 | $57.54 | Aug 3, 2016 | M | 90,270 | D | — | Jul 21, 2019 | Common Stock | 90,270 | 0 | D |
| Employee Stock Option (right-to-buy)F6 | $43.65 | Aug 4, 2016 | M | 20,046 | D | — | Feb 13, 2022 | Common Stock | 20,046 | 0 | D |
| Employee Stock Option (right-to-buy)F7 | $63.36 | Aug 5, 2016 | M | 40,247 | D | — | Feb 20, 2017 | Common Stock | 40,247 | 0 | D |
Explanation of responses
- F1Includes 66,210 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 $66.80 to $67.18. Information regarding the number of shares sold at each separate price will be provided by the reporting person upon request.
- F3Price reflects the weighted average sales price from $66.62 to $66.90. Information regarding the number of shares sold at each separate price will be provided by the reporting person upon request.
- F4Price reflects the weighted average sales price from $68.63 to $69.14. Information regarding the number of shares sold at each separate price will be provided by the reporting person upon request.
- F5This option became exercisable in four equal annual installments beginning 7/21/2010.
- F6This option became exercisable in four equal annual installments beginning 2/13/2013.
- F7This option became exercisable in four equal annual installments beginning 2/20/2008.