SEC Form 4 · accession 0000073124-18-000266
NORTHERN TRUST CORP · NTRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter Cherecwich
Officer — President/C&IS
Period of report
Aug 8, 2018
Accepted (ET)
Aug 8, 2018 · 6:29 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,F2,F3 | Aug 8, 2018 | M | 6,348 | $60.85 | A | 29,810 | D | |
| Common StockF1,F2,F3 | Aug 8, 2018 | M | 13,413 | $58.25 | A | 43,223 | D | |
| Common StockF4,F1,F2,F3 | Aug 8, 2018 | S | 19,761 | $111.35 | D | 23,462 | D | |
| Common StockF3 | holding | — | — | — | 13,490 | I | By Trust | |
| Common StockF2 | holding | — | — | — | 9,840 | I | 2018 GRAT |
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)F5 | $60.85 | Aug 8, 2018 | M | 6,348 | D | — | Feb 10, 2024 | Common Stock | 6,348 | 0 | D |
| Employee Stock Option (right-to-buy)F6 | $58.25 | Aug 8, 2018 | M | 13,413 | D | — | Feb 16, 2026 | Common Stock | 13,413 | 13,412 | D |
Explanation of responses
- F1Includes 23,462 stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.
- F2Reflects the March 8, 2018 transfer of 9,840 shares of the Corporation's common stock into a newly created grantor retained annuity trust.
- F3Reflects the May 7, 2018 transfer of 13,490 shares previously directly held by the reporting person into the a newly created trust account.
- F4Price reflects the weighted average sales price from $110.90 to $111.63. Information regarding the number of shares sold at each separate price will be provided by the reporting person upon request.
- F5This option became exercisable in four equal annual installments beginning 2/10/2015.
- F6This option becomes exercisable in four equal annual installments beginning 2/16/2017.