SEC Form 4 · accession 0001140361-15-000921
PENTAIR plc · PNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Angela D Lageson
Officer — Sr. VP, Gen. Counsel & Secy.
Period of report
Jan 2, 2015
Accepted (ET)
Jan 6, 2015 · 9:07 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 | 5,499 | $0.00 | A | 39,936 | D | |
| Common SharesF2 | Jan 2, 2015 | F | 563 | $66.68 | D | 4,610 | D | |
| Common SharesF2 | Jan 3, 2015 | F | 1,806 | $63.96 | D | 8,155 | D | |
| Common Shares - ESOPF4,F5 | holding | — | — | — | 491 | I | By ESOP | |
| Common Shares - Deferral PlanF4,F6,F5 | holding | — | — | — | 3,464 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F8 | $66.68 | Jan 2, 2015 | A | 21,858 | A | Jan 2, 2016 | Jan 2, 2025 | Common Shares | 21,858 | 21,858 | D |
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).
- F5Since the date of the reporting person's last ownership report, the reporting person transferred 578.5888 common shares held by ESOP and 1,819.964 common shares held in the deferral plan to her ex-spouse pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by her ex-spouse.
- F6Pentair common shares will be delivered to the reporting person in accordance with their irrevocable deferral election.
- F7Employee stock option granted under the Pentair plc 2012 Stock and Incentive Plan.
- F8One-third of the stock options become exercisable on the first, second, and third anniversary of the grant.