SEC Form 4 · accession 0000073124-18-000044
NORTHERN TRUST CORP · NTRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen N Potter
Officer — Vice Chairman
Period of report
Nov 2, 2017
Accepted (ET)
Jan 25, 2018 · 6:05 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 2, 2017 | G | 4,563 | $0.00 | D | 0 | I | GRAT |
| Common StockF2,F3 | Dec 15, 2017 | F | 244 | $97.29 | D | 42,669 | D | |
| Common StockF3 | Jan 23, 2018 | A | 15,909 | $106.71 | A | 58,578 | D | |
| Common StockF3,F4 | Jan 23, 2018 | F | 5,968 | $106.71 | D | 42,669 | D | |
| Common StockF1,F4,F5 | holding | — | — | — | 38,674 | I | By Trust | |
| Common StockF5 | holding | — | — | — | 30,000 | I | 2017 GRAT | |
| Common StockF1 | holding | — | — | — | 3,551 | I | Spouse as Trustee for Son | |
| Common StockF1 | holding | — | — | — | 3,552 | I | Spouse as Trustee for Daughter | |
| Common Stock | holding | — | — | — | 8,314 | I | 401(k) as of 12-31-2017 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On November 2, 2017, the reporting person's grantor retained annuity trust ("GRAT") distributed 11,282 shares of the Corporation's common stock to the reporting person's existing revocable trust as an annuity payment. On such date an aggregate 4,563 shares also were distributed to the two remaindermen of the GRAT. Each distribution was made in accordance with the terms of the GRAT instrument.
- F2Represents shares withheld to satisfy tax withholding obligations related to previously reported stock units.
- F3Includes 42,669 stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.
- F4Reflects the transfer of 9,941 shares directly held by the reporting person into the reporting person's existing trust account.
- F5Reflects the November 10, 2017 transfer of 30,000 shares of the Corporation's common stock from the reporting person's existing trust into a newly created grantor retained annuity trust.