SEC Form 4 · accession 0000073124-17-000298
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
Oct 18, 2017
Accepted (ET)
Oct 20, 2017 · 4:37 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 | Oct 18, 2017 | M | 127,964 | $52.64 | A | 329,483 | D | |
| Common StockF1 | Oct 18, 2017 | M | 50,000 | $52.69 | A | 379,483 | D | |
| Common StockF3,F1 | Oct 18, 2017 | S | 141,720 | $95.52 | D | 237,763 | D | |
| Common StockF4,F1 | Oct 18, 2017 | S | 36,244 | $96.10 | 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 | — | — | — | 34,760 | I | 401(k) as of 9-30-2017 |
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)F5 | $52.64 | Oct 18, 2017 | M | 127,964 | D | — | Feb 14, 2021 | Common Stock | 127,964 | 0 | D |
| Employee Stock Option (right-to-buy)F6 | $52.69 | Oct 18, 2017 | M | 50,000 | D | — | Feb 11, 2023 | Common Stock | 50,000 | 44,658 | 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 $95.03 to $96.02. 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 $96.03 to $96.29. Information regarding the number of shares sold at each separate price will be provided by the reporting person upon request.
- F5This option became exercisable in four equal annual installments beginning 2/14/2012.
- F6This option became exercisable in four equal annual installments beginning 2/11/2014.