SEC Form 4 · accession 0001140361-17-037113
PENTAIR plc · PNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald Merriman
Director
Period of report
Sep 28, 2017
Accepted (ET)
Oct 2, 2017 · 4:20 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 | Sep 28, 2017 | M | 5,200 | $24.78 | A | 21,538 | D | |
| Common Shares | Sep 28, 2017 | S | 5,200 | $67.00 | D | 16,338 | D | |
| Common Shares - Deferral PlanF2 | holding | — | — | — | 305 | I | Plan Agent |
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)F3 | $24.78 | Sep 28, 2017 | M | 5,200 | D | — | Jan 2, 2019 | Common Shares | 5,200 | 0 | D |
| Phantom Stock Units (Deferred Compensation)F2,F4,F5 | — | holding | — | — | — | — | — | Common Shares | 125 | 125 | 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 January 2, 2019.
- 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).
- F3The options are vested and exercisable.
- F4Phantom stock units convert into common shares on a one-for-one basis.
- F5Settlement of phantom stock units will be in Pentair plc common shares in accordance with reporting person's irrevocable election.