SEC Form 4 · accession 0000073124-17-000219
NORTHERN TRUST CORP · NTRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William L Morrison
Officer — Vice Chairman
Period of report
Jun 12, 2017
Accepted (ET)
Jun 13, 2017 · 5:16 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 | Jun 12, 2017 | M | 11,921 | $52.69 | A | 124,067 | D | |
| Common StockF1 | Jun 12, 2017 | M | 30,044 | $60.85 | A | 154,111 | D | |
| Common StockF2,F1 | Jun 12, 2017 | S | 41,965 | $91.89 | D | 112,146 | D | |
| Common Stock | holding | — | — | — | 1,200 | I | By Spouse | |
| Common Stock | holding | — | — | — | 350 | I | By Children | |
| Common Stock | holding | — | — | — | 2,549 | 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 | $52.69 | Jun 12, 2017 | M | 11,921 | D | — | Feb 11, 2023 | Common Stock | 11,921 | 0 | D |
| Employee Stock Option (right-to-buy)F4 | $60.85 | Jun 12, 2017 | M | 30,044 | D | — | Feb 10, 2024 | Common Stock | 30,044 | 10,014 | D |
Explanation of responses
- F1Includes 76,135 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 $91.60 to $92.56. 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 2/11/2014.
- F4This option becomes exercisable in four equal annual installments beginning 2/10/2015.