SEC Form 4 · accession 0000073124-18-000250
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
Jul 23, 2018
Accepted (ET)
Jul 24, 2018 · 5:10 pm EDT
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 | Jul 23, 2018 | M | 10,014 | $60.85 | A | 69,583 | D | |
| Common StockF1 | Jul 23, 2018 | M | 3,872 | $88.06 | A | 73,455 | D | |
| Common StockF2,F1 | Jul 23, 2018 | S | 13,886 | $110.87 | D | 59,569 | D | |
| Common Stock | holding | — | — | — | 1,200 | I | By Spouse | |
| Common Stock | holding | — | — | — | 350 | I | By Children | |
| Common Stock | holding | — | — | — | 2,546 | I | 401(k) as of 6-30-18 |
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 | $60.85 | Jul 23, 2018 | M | 10,014 | D | — | Feb 10, 2024 | Common Stock | 10,014 | 0 | D |
| Employee Stock Option (right-to-buy)F4 | $88.06 | Jul 23, 2018 | M | 3,872 | D | — | Feb 21, 2027 | Common Stock | 3,872 | 11,614 | 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 $110.81 to $110.93. 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 2/10/2015.
- F4This option becomes exercisable in four equal annual installments beginning 2/21/2018.