SEC Form 4 · accession 0000073124-17-000276
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
Sep 27, 2017
Accepted (ET)
Sep 28, 2017 · 5:04 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 | Sep 27, 2017 | M | 100,000 | $52.64 | A | 301,519 | D | |
| Common StockF3,F1 | Sep 27, 2017 | S | 100,000 | $92.00 | D | 201,519 | D | |
| Common Stock | holding | — | — | — | 68,570 | I | By Trust | |
| Common Stock | 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 | 2017-1 GRAT | |
| Common Stock | holding | — | — | — | 23,000 | I | 2017-2 GRAT | |
| Common Stock | holding | — | — | — | 15,506 | I | By Spouse | |
| Common Stock | holding | — | — | — | 34,580 | I | 401(k) as of 6-30-2017 |
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)F4 | $52.64 | Sep 27, 2017 | M | 100,000 | D | — | Feb 14, 2021 | Common Stock | 100,000 | 127,964 | D |
Explanation of responses
- F1Includes 201,399 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 $92.00 to $92.08. Information regarding the number of shares sold at each separate price will be provided by the reporting person upon request.
- F4This option becomes exercisable in four equal annual installments beginning 2/14/2012.