SEC Form 4 · accession 0001140361-16-047018
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
Jan 4, 2016
Accepted (ET)
Jan 6, 2016 · 7:45 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 4, 2016 | A | 6,764 | $0.00 | A | 17,550 | D | |
| Common SharesF2 | Jan 4, 2016 | F | 70 | $49.28 | D | 11,638 | D | |
| Common Shares - Deferral PlanF2,F4 | holding | — | — | — | 189 | I | Plan Agent | |
| Common Shares - ESPPF5 | holding | — | — | — | 179 | D | ||
| Common Shares - ESOPF6 | holding | — | — | — | 508 | I | By ESOP |
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 | $49.28 | Jan 4, 2016 | A | 32,515 | A | Jan 4, 2017 | Jan 4, 2026 | Common Shares | 32,515 | 32,515 | 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.
- F4Shares of Pentair Ltd. common shares will be delivered to the reporting person in accordance with their irrevocable deferral election.
- F5End-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.
- F6End-of-period holdings include shares acquired under a dividend reinvestment plan in exempt transactions not required to be reported pursuant to Section 16(a).
- 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.