SEC Form 4 · accession 0000073124-16-000481
NORTHERN TRUST CORP · NTRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William L Morrison
Officer — Vice Chairman
Period of report
Oct 31, 2016
Accepted (ET)
Nov 2, 2016 · 6:59 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 31, 2016 | M | 71,239 | $52.64 | A | 262,995 | D | |
| Common StockF2,F1 | Oct 31, 2016 | S | 71,239 | $72.57 | D | 191,756 | D | |
| Common StockF3,F1 | Oct 31, 2016 | S | 27,000 | $72.56 | D | 164,756 | D | |
| Common StockF1 | Oct 31, 2016 | G | 3,000 | $0.00 | D | 161,756 | 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 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)F4 | $52.64 | Oct 31, 2016 | M | 71,239 | D | — | Feb 14, 2021 | Common Stock | 71,239 | 0 | D |
Explanation of responses
- F1Includes 87,352 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 $72.37 to $72.77. 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 $72.39 to $72.70. Information regarding the number of shares sold at each separate price will be provided by the reporting person upon request.
- F4This option became exercisable in four equal annual installments beginning 2/14/2012.