SEC Form 4 · accession 0000073124-16-000509
NORTHERN TRUST CORP · NTRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen N Potter
Officer — President / Asset Management
Period of report
Nov 9, 2016
Accepted (ET)
Nov 10, 2016 · 6:40 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 9, 2016 | M | 35,800 | $71.23 | A | 81,818 | D | |
| Common StockF1 | Nov 9, 2016 | M | 90,270 | $57.54 | A | 172,088 | D | |
| Common StockF3,F1 | Nov 9, 2016 | S | 72,321 | $75.26 | D | 99,767 | D | |
| Common StockF4,F1 | Nov 9, 2016 | S | 53,749 | $76.30 | D | 46,018 | D | |
| Common Stock | holding | — | — | — | 22,968 | I | By Trust | |
| Common Stock | holding | — | — | — | 30,000 | I | GRAT | |
| Common Stock | holding | — | — | — | 1,270 | I | Spouse as Trustee for Son | |
| Common Stock | holding | — | — | — | 1,270 | I | Spouse as Trustee for Daughter | |
| Common Stock | holding | — | — | — | 8,346 | I | 401(k) as of 9-30-2016 |
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 | $71.23 | Nov 9, 2016 | M | 35,800 | D | — | Feb 19, 2018 | Common Stock | 35,800 | 0 | D |
| Employee Stock Option (right-to-buy)F6 | $57.54 | Nov 9, 2016 | M | 90,270 | D | — | Jul 21, 2019 | Common Stock | 90,270 | 0 | D |
Explanation of responses
- F1Includes 46,018 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 $75.00 to $75.995. 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 $76.00 to $76.61. 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 2/19/2009.
- F6This option became exercisable in four equal annual installments beginning 7/21/2010.