SEC Form 4 · accession 0000073124-17-000123
NORTHERN TRUST CORP · NTRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jana R Schreuder
Officer — COO
Period of report
Mar 10, 2017
Accepted (ET)
Mar 14, 2017 · 8:13 pm EDT
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 | Mar 10, 2017 | M | 5,402 | $52.64 | A | 49,002 | D | |
| Common StockF3,F1 | Mar 10, 2017 | S | 5,402 | $90.03 | D | 43,600 | D | |
| Common StockF1 | Mar 13, 2017 | M | 1,925 | $52.64 | A | 45,525 | D | |
| Common StockF4,F1 | Mar 13, 2017 | S | 1,925 | $90.01 | D | 43,600 | D | |
| Common StockF5 | holding | — | — | — | 27,023 | I | By Trust | |
| Common Stock | holding | — | — | — | 7,329 | I | 2012 GRAT | |
| Common Stock | holding | — | — | — | 4,169 | I | 2015 GRAT | |
| Common StockF5 | holding | — | — | — | 12,612 | I | 2016 GRAT | |
| Common Stock | holding | — | — | — | 12,508 | I | 2017 GRAT | |
| Common Stock | holding | — | — | — | 10,031 | I | 401(k) as of 12-31-16 |
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)F6 | $52.64 | Mar 10, 2017 | M | 5,402 | D | — | Feb 14, 2021 | Common Stock | 5,402 | 65,837 | D |
| Employee Stock Option (right-to-buy)F6 | $52.64 | Mar 13, 2017 | M | 1,925 | D | — | Feb 14, 2021 | Common Stock | 1,925 | 63,912 | D |
Explanation of responses
- F1Includes 43,600 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 $90.00 to $90.09. 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 $90.00 to $90.02. Information regarding the number of shares sold at each separate price will be provided by the reporting person upon request.
- F5Reflects the March 13, 2017 distribution of 2,965 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.
- F6This option became exercisable in four equal annual installments beginning 2/14/2012.