SEC Form 4 · accession 0000073124-16-000525

NORTHERN TRUST CORP · NTRS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President/Wealth Management

Period of report

Nov 14, 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 Stock^F1	Nov 14, 2016	M	21,059	$71.23	A	69,687	D
Common Stock^F1	Nov 14, 2016	S	21,059	$80.95	D	48,628	D
Common Stock^F1	Nov 16, 2016	M	90,270	$57.54	A	138,898	D
Common Stock^F1	Nov 16, 2016	M	58,836	$50.99	A	197,734	D
Common Stock^F1	Nov 16, 2016	M	71,239	$52.64	A	268,973	D
Common Stock^F1	Nov 16, 2016	M	48,110	$43.65	A	317,083	D
Common Stock^F1	Nov 16, 2016	M	21,352	$52.69	A	338,435	D
Common Stock^F1	Nov 16, 2016	M	12,326	$60.85	A	350,761	D
Common Stock^F3,F1	Nov 16, 2016	S	302,133	$80.98	D	48,628	D
Common Stock	holding	—	—		—	94,972	I	By Trust
Common Stock	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

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	$71.23	Nov 14, 2016	M	21,059	D	—	Feb 19, 2018	Common Stock	21,059	21,059	D
Employee Stock Option (right-to-buy)^F5	$57.54	Nov 16, 2016	M	90,270	D	—	Jul 21, 2019	Common Stock	90,270	0	D
Employee Stock Option (right-to-buy)^F6	$50.99	Nov 16, 2016	M	58,836	D	—	Feb 15, 2020	Common Stock	58,836	0	D
Employee Stock Option (right-to-buy)^F7	$52.64	Nov 16, 2016	M	71,239	D	—	Feb 14, 2021	Common Stock	71,239	0	D
Employee Stock Option (right-to-buy)^F8	$43.65	Nov 16, 2016	M	48,110	D	—	Feb 13, 2022	Common Stock	48,110	0	D
Employee Stock Option (right-to-buy)^F9	$52.69	Nov 16, 2016	M	21,352	D	—	Feb 11, 2023	Common Stock	21,352	7,117	D
Employee Stock Option (right-to-buy)^F10	$60.85	Nov 16, 2016	M	12,326	D	—	Feb 10, 2024	Common Stock	12,326	12,325	D

F1Includes 48,628 shares representing stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.
F10This option becomes exercisable in four equal annual installments beginning 2/10/2015.
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 $80.59 to $81.32. Information regarding the number of shares sold at each separate price will be provided by the reporting person upon request.
F4This option became exercisable in four equal annual installments beginning 2/19/2009.
F5This option became exercisable in four equal annual installments beginning 7/21/2010.
F6This option became exercisable in four equal annual installments beginning 2/15/2011.
F7This option became exercisable in four equal annual installments beginning 2/14/2012.
F8This option becomes exercisable in four equal annual installments beginning 2/13/2013.
F9This option becomes exercisable in four equal annual installments beginning 2/11/2014.