SEC Form 4 · accession 0001140361-15-000891
PENTAIR plc · PNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Ronald Merriman
Director
Period of report
Jan 2, 2015
Accepted (ET)
Jan 6, 2015 · 8:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000077360
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares - Restricted Stock UnitsF2 | Jan 2, 2015 | A | 1,012 | $0.00 | A | 1,012 | D | |
| Common SharesF2 | Jan 2, 2015 | F | 71 | $66.68 | D | 13,535 | D | |
| Common Shares - Deferral PlanF4 | holding | — | — | — | 1,214 | I | Plan Agent |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonqualified Stock Option (right to buy)F6 | $66.68 | Jan 2, 2015 | A | 4,024 | A | Jan 2, 2016 | Jan 2, 2025 | Common Shares | 4,024 | 4,024 | D |
| Phantom Stock Units (Deferred Compensation)F4,F7,F8 | — | holding | — | — | — | — | — | Common Shares | 565 | 565 | I |
Explanation of responses
- F1Restricted stock units granted pursuant to and subject to a vesting condition of the Pentair plc 2012 Stock and Incentive Plan. Each restricted stock unit represents a right to receive one share of Pentair plc common shares upon vesting.
- F2End-of-period holdings reflect the vesting of restricted stock units that were previously reported.
- F3Shares surrendered to pay taxes applicable to vesting of restricted stock units.
- F4End-of-period holdings include shares acquired under a dividend reinvestment plan in exempt transactions not required to be reported pursuant to Section 16(a).
- F5Nonqualified stock option granted under the Pentair plc 2012 Stock and Incentive Plan.
- F6One-third of the stock options become exercisable on the first, second, and third anniversary of the grant.
- F7Phantom stock units convert into common shares on a one-for-one basis.
- F8Settlement of phantom stock units will be in Pentair plc common shares in accordance with reporting person's irrevocable election.