SEC Form 4 · accession 0000073124-18-000101
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
Feb 16, 2018
Accepted (ET)
Feb 20, 2018 · 6:03 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 | Feb 16, 2018 | M | 6,898 | $58.25 | A | 38,248 | D | |
| Common StockF2,F1 | Feb 16, 2018 | S | 6,898 | $105.27 | D | 31,350 | 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 | $58.25 | Feb 16, 2018 | M | 6,898 | D | — | Feb 16, 2026 | Common Stock | 6,898 | 13,795 | D |
Explanation of responses
- F1Includes 18,007 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 $105.56. Information regarding the number of shares sold at each separate price will be provided by the reporting person upon request.
- F3This option becomes exercisable in four equal annual installments beginning 2/16/2017.