SEC Form 4 · accession 0000073124-16-000524
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 15, 2016
Accepted (ET)
Nov 16, 2016 · 6:38 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 15, 2016 | M | 200,000 | $57.54 | A | 412,559 | D | |
| Common StockF2,F1 | Nov 15, 2016 | S | 69,645 | $81.21 | D | 342,914 | D | |
| Common StockF3,F1 | Nov 15, 2016 | S | 79,968 | $82.16 | D | 262,946 | D | |
| Common StockF4,F1 | Nov 15, 2016 | S | 50,387 | $82.80 | D | 212,559 | D | |
| Common Stock | holding | — | — | — | 72,342 | 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)F5 | $57.54 | Nov 15, 2016 | M | 200,000 | D | — | Jul 21, 2019 | Common Stock | 200,000 | 0 | 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.
- F2Price reflects the weighted average sales price from $80.68 to $81.67. Information regarding the number of shares sold at each separate price will be provided by the reporting person upon request.
- F3Price reflects the weighted average sales price from $81.68 to $82.674325. 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 $82.68 to $83.09. 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.