SEC Form 4 · accession 0000073124-18-000146
NORTHERN TRUST CORP · NTRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William L Morrison
Officer — Vice Chairman
Period of report
Feb 27, 2018
Accepted (ET)
Feb 27, 2018 · 7:00 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 27, 2018 | M | 19,228 | $70.21 | A | 78,797 | D | |
| Common StockF1 | Feb 27, 2018 | M | 26,825 | $58.25 | A | 105,622 | D | |
| Common StockF2,F1 | Feb 27, 2018 | S | 39,560 | $109.09 | D | 66,062 | D | |
| Common StockF3,F1 | Feb 27, 2018 | S | 6,493 | $109.74 | D | 59,569 | D | |
| Common Stock | holding | — | — | — | 1,200 | I | By Spouse | |
| Common Stock | holding | — | — | — | 350 | I | By Children | |
| Common Stock | holding | — | — | — | 2,545 | 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)F4 | $70.21 | Feb 27, 2018 | M | 19,228 | D | — | Feb 17, 2025 | Common Stock | 19,228 | 9,703 | D |
| Employee Stock Option (right-to-buy)F5 | $58.25 | Feb 27, 2018 | M | 26,825 | D | — | Feb 16, 2026 | Common Stock | 26,825 | 26,824 | D |
Explanation of responses
- F1Includes 49,235 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 $108.46 to $109.45. Information regarding the number of shares sold at each separate price will be provided by the reporting person upon request.
- F3Price reflects the weighted average sales price from $109.51 to $109.88. Information regarding the number of shares sold at each separate price will be provided by the reporting person upon request.
- F4This option becomes exercisable in four equal annual installments beginning 2/17/2016.
- F5This option becomes exercisable in four equal annual installments beginning 2/16/2017.