SEC Form 4 · accession 0000073124-17-000193
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
May 5, 2017
Accepted (ET)
May 5, 2017 · 7:11 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 | May 5, 2017 | M | 205,923 | $50.99 | A | 407,442 | D | |
| Common StockF1 | May 5, 2017 | S | 205,923 | $90.46 | D | 201,519 | D | |
| Common StockF2 | holding | — | — | — | 103,580 | I | By Trust | |
| Common StockF2 | holding | — | — | — | 25,014 | I | 2015 GRAT | |
| Common Stock | holding | — | — | — | 28,124 | I | 2016-1 GRAT | |
| Common Stock | holding | — | — | — | 29,087 | I | 2016-2 GRAT | |
| Common Stock | holding | — | — | — | 35,160 | I | 2017 GRAT | |
| Common Stock | holding | — | — | — | 8,710 | I | By Spouse | |
| Common Stock | holding | — | — | — | 34,471 | I | 401(k) as of 3-31-2017 |
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 | May 5, 2017 | M | 205,923 | D | — | Feb 15, 2020 | Common Stock | 205,923 | 0 | D |
Explanation of responses
- F1Includes 201,399 shares representing stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.
- F2Reflects the May 2, 2017 distribution of 14,676 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.
- F3This option became exercisable in four equal annual installments beginning 2/15/2011.