SEC Form 4 · accession 0000073124-18-000055
NORTHERN TRUST CORP · NTRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey D. Cohodes
Officer — Executive Vice President
Period of report
Jan 26, 2018
Accepted (ET)
Jan 30, 2018 · 5:59 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 | Jan 26, 2018 | M | 5,871 | $52.69 | A | 38,723 | D | |
| Common StockF1 | Jan 26, 2018 | M | 15,253 | $60.85 | A | 53,976 | D | |
| Common StockF1 | Jan 26, 2018 | M | 9,793 | $70.21 | A | 63,769 | D | |
| Common StockF2,F1 | Jan 26, 2018 | S | 30,917 | $105.29 | D | 32,852 | D | |
| Common Stock | holding | — | — | — | 3,810 | I | 401(k) as of 12-31-17 |
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 | Jan 26, 2018 | M | 5,871 | D | — | Feb 11, 2023 | Common Stock | 5,871 | 0 | D |
| Employee Stock Option (right-to-buy)F4 | $60.85 | Jan 26, 2018 | M | 15,253 | D | — | Feb 10, 2024 | Common Stock | 15,253 | 5,084 | D |
| Employee Stock Option (right-to-buy)F5 | $70.21 | Jan 26, 2018 | M | 9,793 | D | — | Feb 17, 2025 | Common Stock | 9,793 | 9,792 | D |
Explanation of responses
- F1Includes 21,396 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 $104.98 to $105.71. 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.
- F5This option becomes exercisable in four equal annual installments beginning 2/17/2016.