SEC Form 4 · accession 0000073124-16-000463
NORTHERN TRUST CORP · NTRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey D. Cohodes
Officer — EVP/Chief Risk Officer
Period of report
Oct 10, 2016
Accepted (ET)
Oct 11, 2016 · 7:07 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 | Oct 10, 2016 | M | 7,616 | $52.69 | A | 76,579 | D | |
| Common StockF1 | Oct 10, 2016 | S | 7,616 | $72.35 | D | 68,963 | D | |
| Common Stock | holding | — | — | — | 3,824 | I | 401(k) as of 9-30-16 |
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 | $52.69 | Oct 10, 2016 | M | 7,616 | D | — | Feb 11, 2023 | Common Stock | 7,616 | 5,871 | D |
Explanation of responses
- F1Includes 24,295 shares representing stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.
- F2This transaction was effected pursuant to a trading plan adopted in accordance with SEC Rule 10b5-1.
- F3This option becomes exercisable in four equal annual installments beginning 2/11/2014.