SEC Form 4 · accession 0001140361-16-061434
PENTAIR plc · PNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dennis J. Cassidy Jr.
Officer — President-Valves & Controls
Period of report
Apr 15, 2016
Accepted (ET)
Apr 18, 2016 · 5:44 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 - Restricted Stock Units | Apr 15, 2016 | A | 36,291 | $0.00 | A | 36,291 | D | |
| Common Shares - Restricted Stock Units | Apr 15, 2016 | A | 6,049 | $0.00 | A | 42,340 | D |
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)F3 | $55.11 | Apr 15, 2016 | A | 30,954 | A | Apr 15, 2017 | Apr 15, 2026 | Common Shares | 30,954 | 30,954 | D |
Explanation of responses
- F1Restricted stock units granted pursuant to and subject to a vesting condition of the Pentair Ltd. 2012 Stock and Incentive Plan. Each restricted stock unit represents a right to receive one share of Pentair Ltd. common shares upon vesting.
- F2Employee stock option granted under the Pentair Ltd. 2012 Stock and Incentive Plan.
- F3One-third of the stock options become exercisable on the first, second, and third anniversary of the grant.