SEC Form 4 · accession 0001140361-15-021606
PENTAIR plc · PNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alok Maskara
Officer — President Technical Solutions
Period of report
May 21, 2015
Accepted (ET)
May 22, 2015 · 5:39 pm EDT
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 | May 21, 2015 | M | 9,000 | $38.63 | A | 9,555 | D | |
| Common Shares | May 21, 2015 | S | 6,610 | $65.60 | D | 2,945 | D | |
| Common Shares | May 21, 2015 | M | 3,000 | $36.53 | A | 5,945 | D | |
| Common Shares | May 21, 2015 | S | 2,140 | $65.60 | D | 3,805 | D | |
| Common Shares - ESPPF1 | holding | — | — | — | 65 | D | ||
| Common Shares - ESOPF2 | holding | — | — | — | 437 | I | By ESOP | |
| Common Shares - Deferral PlanF2,F3 | holding | — | — | — | 59 | 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)F4 | $38.63 | May 21, 2015 | M | 9,000 | D | Mar 1, 2013 | Mar 1, 2022 | Common Shares | 9,000 | 0 | D |
| Employee Stock Option (right to buy)F4 | $36.53 | May 21, 2015 | M | 3,000 | D | Mar 2, 2012 | Mar 2, 2021 | Common Shares | 3,000 | 0 | D |
Explanation of responses
- F1End-of-period holdings include monthly purchase(s) under the Pentair Ltd. Employee Stock Purchase and Bonus Plan (ESPP) in exempt transaction(s) pursuant to Rule 16b-3(c); and shares acquired pursuant to a dividend reinvestment feature of the ESPP.
- F2End-of-period holdings include shares acquired under a dividend reinvestment plan in exempt transactions not required to be reported pursuant to Section 16(a).
- F3Shares of Pentair Ltd. common shares will be delivered to the reporting person in accordance with their irrevocable deferral election.
- F4One-third of the stock options become exercisable on the first, second, and third anniversary of the grant.