SEC Form 4 · accession 0000073124-17-000318
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
Nov 29, 2017
Accepted (ET)
Nov 30, 2017 · 7:07 pm EST
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 | Nov 29, 2017 | M | 44,658 | $52.69 | A | 246,177 | D | |
| Common StockF3,F1 | Nov 29, 2017 | S | 33,080 | $97.73 | D | 213,097 | D | |
| Common StockF4,F1 | Nov 29, 2017 | S | 11,578 | $98.58 | D | 201,519 | D | |
| Common StockF5 | holding | — | — | — | 71,900 | 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 StockF5 | holding | — | — | — | 17,339 | I | 2017-2 GRAT | |
| Common Stock | holding | — | — | — | 13,785 | 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)F6 | $52.69 | Nov 29, 2017 | M | 44,658 | D | — | Feb 11, 2023 | Common Stock | 44,658 | 0 | 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 $97.17 to $98.16. 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 $98.17 to $98.96. Information regarding the number of shares sold at each separate price will be provided by the reporting person upon request.
- F5Reflects the October 26, 2017 distribution of 5,661 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.
- F6This option became exercisable in four equal annual installments beginning 2/11/2014.