SEC Form 4 · accession 0001140361-17-040966
PENTAIR plc · PNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karl R. Frykman
Officer — President Aquatic Systems
Period of report
Nov 1, 2017
Accepted (ET)
Nov 3, 2017 · 4:15 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 | Nov 1, 2017 | M | 3,086 | $32.40 | A | 36,476 | D | |
| Common SharesF2 | Nov 1, 2017 | S | 3,086 | $70.3683 | D | 33,390 | D | |
| Common Shares | Nov 1, 2017 | M | 8,300 | $32.40 | A | 41,690 | D | |
| Common SharesF3 | Nov 1, 2017 | S | 8,300 | $70.1938 | D | 33,390 | D | |
| Common Shares - ESOPF4 | holding | — | — | — | 1,898 | 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 | $32.40 | Nov 1, 2017 | M | 3,086 | D | Mar 3, 2009 | Mar 3, 2018 | Common Shares | 3,086 | 15,685 | D |
| Employee Stock Option (right to buy)F5 | $32.40 | Nov 1, 2017 | M | 8,300 | D | Mar 3, 2009 | Mar 3, 2018 | Common Shares | 8,300 | 7,385 | D |
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 March 3, 2018.
- F2The price in Column 4 is a weighted average price. The prices actually received ranged from $70.24 to $70.63. 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.
- F3The price in Column 4 is a weighted average price. The prices actually received ranged from $70.01 to $70.39. 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.
- 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.