SEC Form 4 · accession 0001140361-16-076774
PENTAIR plc · PNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William T Monahan
Director
Period of report
Aug 11, 2016
Accepted (ET)
Aug 15, 2016 · 6:34 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 | Aug 11, 2016 | M | 10,000 | $32.73 | A | 49,834 | D | |
| Common Shares | Aug 11, 2016 | S | 10,000 | $65.00 | D | 39,834 | D |
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)F2 | $32.73 | Aug 11, 2016 | M | 10,000 | D | — | Feb 26, 2017 | Common Shares | 10,000 | 0 | D |
| Phantom Stock Units (Deferred Compensation)F5,F3,F4 | — | holding | — | — | — | — | — | Common Shares | 10,229 | 10,229 | I |
| Phantom Stock Units (Equity Compensation)F5,F3,F4 | — | holding | — | — | — | — | — | Common Shares | 2,466 | 2,466 | I |
Explanation of responses
- F1The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person for financial planning purposes in connection with stock options that will expire on February 26, 2017.
- F2The stock options are vested and exercisable.
- F3Phantom stock units convert into common shares on a one-for-one basis.
- F4Settlement of phantom stock units will be in Pentair plc common shares in accordance with reporting person's irrevocable election.
- F5End-of-period holdings include shares acquired under a dividend reinvestment plan in exempt transactions not required to be reported pursuant to Section 16(a).