SEC Form 4 · accession 0000073124-17-000070
NORTHERN TRUST CORP · NTRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frederick H Waddell
Officer — Chairman and CEO · Director
Period of report
Feb 10, 2017
Accepted (ET)
Feb 14, 2017 · 9:52 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,F2 | Feb 10, 2017 | F | 6,244 | $85.655 | D | 198,898 | D | |
| Common StockF3,F4 | Feb 11, 2017 | F | 7,210 | $86.305 | D | 183,122 | D | |
| Common StockF1,F3,F5,F6 | holding | — | — | — | 80,227 | I | By Trust | |
| Common Stock | holding | — | — | — | 17,241 | I | 2014 GRAT | |
| Common Stock | holding | — | — | — | 39,690 | I | 2015 GRAT | |
| Common StockF5 | holding | — | — | — | 28,124 | I | 2016-1 GRAT | |
| Common Stock | holding | — | — | — | 29,087 | I | 2016-2 GRAT | |
| Common StockF6 | holding | — | — | — | 35,160 | I | 2017 GRAT | |
| Common Stock | holding | — | — | — | 8,710 | I | By Spouse | |
| Common Stock | holding | — | — | — | 34,319 | I | 401(k) as of 12-31-16 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 10, 2017, 13,661 already reported stock units, granted on February 10, 2014, vested. Of this amount, 6,244 were withheld in payment of Federal, State and Medicare taxes and the remaining 7,417 were distributed to the reporting person as shares of common stock and transferred to the reporting person's existing trust account.
- F2Includes 198,778 shares representing stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.
- F3On February 11, 2017, 15,776 already reported stock units, granted on February 11, 2013, vested. Of this amount, 7,210 were withheld in payment of Federal, State and Medicare taxes and the remaining 8,566 were distributed to the reporting person as shares of common stock and transferred to the reporting person's existing trust account.
- F4Includes 183,002 shares representing stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.
- F5Reflects the February 13, 2017 distribution of 6,064 shares from the reporting person's grantor retained annuity trust to the reporting person's existing trust as an annuity payment in accordance with the terms of the GRAT instrument.
- F6Reflects the February 13, 2017 transfer of 35,160 shares of the Corporation's common stock from the reporting person's existing trust into a newly created grantor retained annuity trust.