SEC Form 4 · accession 0001140361-17-023130
PENTAIR plc · PNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Randall J Hogan
Officer — Chairman & Chief Exec. Officer · Director
Period of report
May 26, 2017
Accepted (ET)
May 31, 2017 · 5:33 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 SharesF1 | May 26, 2017 | M | 220,000 | $34.18 | A | 222,012 | D | |
| Common SharesF2 | May 26, 2017 | S | 220,000 | $66.0268 | D | 2,012 | D | |
| Common SharesF3 | holding | — | — | — | 7,768 | I | By GRAT | |
| Common SharesF3,F1 | holding | — | — | — | 454,115 | I | By Trust | |
| Common Shares - Deferral PlanF5,F4 | holding | — | — | — | 59,904 | I | Plan Agent | |
| Common Shares - ESOPF5 | holding | — | — | — | 2,197 | 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)F6 | $34.18 | May 26, 2017 | M | 220,000 | D | Jan 2, 2009 | Jan 2, 2018 | Common Shares | 220,000 | 0 | D |
Explanation of responses
- F1Since the date of the reporting person's last ownership form, 85,774 shares previously reported as directly beneficially owned by the reporting person have been transferred and are now indirectly beneficially owned by Trust.
- F2The price in Column 4 is a weighted average price. The prices actually received ranged from $66.00 to $66.45. 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.
- F3Since the date of the reporting person's last ownership form, 2,173 shares previously reported as indirectly beneficially owned by GRAT have been transferred and are now indirectly beneficially owned by Trust.
- F4Shares of Pentair plc common stock will be delivered to the reporting person in accordance with their irrevocable deferral election.
- F5End-of-period holdings include shares acquired under a dividend reinvestment plan in exempt transaction not required to be reported pursuant to Section 16(a).
- F6One-third of the stock options became exercisable on the first, second and third anniversary of the grant.