SEC Form 4 · accession 0000073124-16-000447
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
Sep 8, 2016
Accepted (ET)
Sep 9, 2016 · 6:09 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 | Sep 8, 2016 | M | 160,367 | $43.65 | A | 372,926 | D | |
| Common StockF2,F1 | Sep 8, 2016 | S | 160,367 | $69.81 | D | 212,559 | D | |
| Common Stock | Sep 8, 2016 | G | 1,180 | $0.00 | D | 105,189 | I | By Trust |
| Common Stock | Sep 9, 2016 | G | 160 | $0.00 | D | 105,029 | I | By Trust |
| Common Stock | holding | — | — | — | 17,241 | I | 2014 GRAT | |
| Common Stock | holding | — | — | — | 39,690 | I | 2015 GRAT | |
| Common Stock | holding | — | — | — | 34,188 | I | 2016 GRAT | |
| Common Stock | holding | — | — | — | 8,710 | I | By Spouse | |
| Common Stock | holding | — | — | — | 34,092 | 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)F3 | $43.65 | Sep 8, 2016 | M | 160,367 | D | — | Feb 13, 2022 | Common Stock | 160,367 | 0 | D |
Explanation of responses
- F1Includes 212,439 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 $69.78 to $69.92. Information regarding the number of shares sold at each separate price will be provided by the reporting person upon request.
- F3This option became exercisable in four equal annual installments beginning 2/13/2013.