SEC Form 4 · accession 0000073124-16-000488
NORTHERN TRUST CORP · NTRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frederick H Waddell
Officer — Chairman, President and CEO · Director
Period of report
Nov 3, 2016
Accepted (ET)
Nov 4, 2016 · 6:32 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 | Nov 3, 2016 | M | 1,900 | $71.23 | A | 214,459 | D | |
| Common StockF3,F1 | Nov 3, 2016 | S | 1,900 | $73.01 | D | 212,559 | D | |
| Common Stock | Nov 3, 2016 | G | 75 | $0.00 | D | 73,842 | 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 | 2016-1 GRAT | |
| Common Stock | holding | — | — | — | 29,087 | I | 2016-2 GRAT | |
| Common Stock | holding | — | — | — | 8,710 | I | By Spouse | |
| Common Stock | holding | — | — | — | 34,264 | 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 | $71.23 | Nov 3, 2016 | M | 1,900 | D | — | Feb 19, 2018 | Common Stock | 1,900 | 124,452 | 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.
- F2This transaction was effected pursuant to a trading plan adopted in accordance with SEC Rule 10b5-1.
- F3Price reflects the weighted average sales price from $73.00 to $73.04. 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 2/19/2009.