SEC Form 4 · accession 0001140361-16-077895
PENTAIR plc · PNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John L Stauch
Officer — Executive Vice President, CFO
Period of report
Aug 23, 2016
Accepted (ET)
Aug 25, 2016 · 6:04 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 23, 2016 | M | 112,500 | $34.18 | A | 136,270 | D | |
| Common SharesF1 | Aug 23, 2016 | S | 112,500 | $65.2994 | D | 23,770 | D | |
| Common Shares - ESPPF2 | holding | — | — | — | 1,913 | D | ||
| Common Shares - Deferral PlanF3,F4 | holding | — | — | — | 52,271 | I | Plan Agent | |
| Common Shares - ESOPF4 | holding | — | — | — | 697 | 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)F5 | $34.18 | Aug 23, 2016 | M | 112,500 | D | Jan 2, 2009 | Jan 2, 2018 | Common Shares | 112,500 | 0 | D |
Explanation of responses
- F1The price in Column 4 is a weighted average price. The prices actually received ranged from $65.14 to $65.51. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price..
- F2End-of-period holdings include monthly purchase(s) under the Pentair plc 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.
- F3Shares of Pentair Ltd. common shares will be delivered to the reporting person in accordance with their irrevocable deferral election.
- 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).
- F5One-third of the stock options become exercisable on the first, second and third anniversary of the grant.