SEC Form 4 · accession 0001140361-17-000887
PENTAIR plc · PNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karen L. Keegans
Officer — SVP & Chief HR Officer
Period of report
Jan 3, 2017
Accepted (ET)
Jan 5, 2017 · 9:11 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 Units | Jan 3, 2017 | A | 3,883 | $0.00 | A | 27,295 | D | |
| Common Shares - ESOPF2 | holding | — | — | — | 38 | 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)F4 | $57.95 | Jan 3, 2017 | A | 18,225 | A | Jan 3, 2018 | Jan 3, 2027 | Common Shares | 18,225 | 18,225 | 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 Pentair plc common share upon vesting.
- 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).
- F3Employee stock option granted under the Pentair plc 2012 Stock and Incentive Plan.
- F4One-third of the stock options become exercisable on the first, second, and third anniversary of the grant.