SEC Form 4 · accession 0000073124-16-000505
NORTHERN TRUST CORP · NTRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven L Fradkin
Officer — President/Wealth Management
Period of report
Nov 10, 2016
Accepted (ET)
Nov 10, 2016 · 6:39 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 10, 2016 | M | 20,124 | $63.36 | A | 68,752 | D | |
| Common StockF1 | Nov 10, 2016 | S | 20,124 | $77.95 | D | 48,628 | D | |
| Common StockF3 | holding | — | — | — | 94,972 | I | By Trust | |
| Common StockF3 | holding | — | — | — | 14,700 | I | GRAT | |
| Common Stock | holding | — | — | — | 1,762 | I | Spouse as trustee for Son | |
| Common Stock | holding | — | — | — | 1,762 | I | Spouse as trustee for Daughter | |
| Common Stock | holding | — | — | — | 9,726 | 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 | $63.36 | Nov 10, 2016 | M | 20,124 | D | — | Feb 20, 2017 | Common Stock | 20,124 | 0 | D |
Explanation of responses
- F1Includes 48,628 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.
- F3Reflects the August 31, 2016 transfer of 14,700 shares of the Corporation's common stock from the reporting person's existing trust into a newly created grantor retained annuity trust.
- F4This option became exercisable in four equal annual installments beginning 2/20/2008.