SEC Form 4 · accession 0000073124-17-000185
NORTHERN TRUST CORP · NTRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Biff Bowman
Officer — Chief Financial Officer
Period of report
Apr 27, 2017
Accepted (ET)
Apr 28, 2017 · 7:19 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 | Apr 27, 2017 | M | 11,768 | $50.99 | A | 87,133 | D | |
| Common StockF1 | Apr 27, 2017 | M | 11,399 | $52.64 | A | 98,532 | D | |
| Common StockF2,F1 | Apr 27, 2017 | S | 23,167 | $91.77 | D | 75,365 | D | |
| Common Stock | holding | — | — | — | 553 | I | 401(k) as of 3-31-17 |
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)F3 | $50.99 | Apr 27, 2017 | M | 11,768 | D | — | Feb 15, 2020 | Common Stock | 11,768 | 0 | D |
| Employee Stock Option (right-to-buy)F4 | $52.64 | Apr 27, 2017 | M | 11,399 | D | — | Feb 14, 2021 | Common Stock | 11,399 | 0 | D |
Explanation of responses
- F1Includes 25,917 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 $91.55 to $91.97. Information regarding the number of shares sold at each separate price will be provided by the reporting person upon request.
- F3This option became exercisable in four equal annual installments beginning 2/15/2011.
- F4This option became exercisable in four equal annual installments beginning 2/14/2012.