SEC Form 4 · accession 0000073124-16-000496
NORTHERN TRUST CORP · NTRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joyce St Clair
Officer — Executive Vice President
Period of report
Nov 7, 2016
Accepted (ET)
Nov 9, 2016 · 8:23 pm EST
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 7, 2016 | M | 48,180 | $57.54 | A | 81,140 | D | |
| Common StockF3,F1 | Nov 7, 2016 | S | 48,180 | $73.07 | D | 32,960 | D | |
| Common StockF1 | Nov 9, 2016 | M | 25,000 | $71.23 | A | 57,960 | D | |
| Common StockF1 | Nov 9, 2016 | M | 22,216 | $57.54 | A | 80,176 | D | |
| Common StockF4,F1 | Nov 9, 2016 | S | 47,216 | $75.58 | D | 32,960 | D | |
| Common Stock | holding | — | — | — | 15,519 | I | By Trust | |
| Common Stock | holding | — | — | — | 13,215 | I | 2015 GRAT | |
| Common Stock | holding | — | — | — | 16,840 | I | 2016 GRAT | |
| Common Stock | holding | — | — | — | 5,117 | 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)F5 | $57.54 | Nov 7, 2016 | M | 48,180 | D | — | Jul 21, 2019 | Common Stock | 48,180 | 22,216 | D |
| Employee Stock Option (right-to-buy)F6 | $71.23 | Nov 9, 2016 | M | 25,000 | D | — | Feb 19, 2018 | Common Stock | 25,000 | 6,588 | D |
| Employee Stock Option (right-to-buy)F5 | $57.54 | Nov 9, 2016 | M | 22,216 | D | — | Jul 21, 2019 | Common Stock | 22,216 | 0 | D |
Explanation of responses
- F1Includes 32,960 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 $73.32. 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 $75.00 to $76.00. 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 2/19/2009.