SEC Form 4 · accession 0000073124-16-000516
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 11, 2016
Accepted (ET)
Nov 14, 2016 · 7:39 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 11, 2016 | M | 6,160 | $52.64 | A | 52,178 | D | |
| Common StockF3,F1 | Nov 11, 2016 | S | 6,160 | $80.00 | D | 46,018 | D | |
| Common StockF1 | Nov 14, 2016 | M | 65,079 | $52.64 | A | 111,097 | D | |
| Common StockF4,F1 | Nov 14, 2016 | S | 29,104 | $80.64 | D | 81,993 | D | |
| Common StockF5,F1 | Nov 14, 2016 | S | 35,975 | $81.54 | 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)F6 | $52.64 | Nov 11, 2016 | M | 6,160 | D | — | Feb 14, 2021 | Common Stock | 6,160 | 65,079 | D |
| Employee Stock Option (right-to-buy)F6 | $52.64 | Nov 14, 2016 | M | 65,079 | D | — | Feb 14, 2021 | Common Stock | 65,079 | 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 $80.00 to $80.01. 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 $80.21 to $80.96. Information regarding the number of shares sold at each separate price will be provided by the reporting person upon request.
- F5Price reflects the weighted average sales price from $81.02 to $81.99. Information regarding the number of shares sold at each separate price will be provided by the reporting person upon request.
- F6This option became exercisable in four equal annual installments beginning 2/14/2012.