SEC Form 4 · accession 0001140361-17-040970
PENTAIR plc · PNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William T Monahan
Director
Period of report
Nov 1, 2017
Accepted (ET)
Nov 3, 2017 · 4:19 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 | 10,000 | $34.18 | A | 50,656 | D | |
| Common SharesF2 | Nov 1, 2017 | S | 10,000 | $70.2721 | D | 40,656 | D |
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 | $34.18 | Nov 1, 2017 | M | 10,000 | D | — | Jan 2, 2018 | Common Shares | 10,000 | 0 | D |
| Phantom Stock Units (Deferred Compensation)F6,F4,F5 | — | holding | — | — | — | — | — | Common Shares | 10,462 | 10,462 | I |
| Phantom Stock Units (Equity Compensation)F6,F4,F5 | — | holding | — | — | — | — | — | Common Shares | 2,523 | 2,523 | 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, 2018.
- F2The price in Column 4 is a weighted average price. The prices actually received ranged from $70.014 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 stock 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.
- F6End-of-period holdings include shares acquired under a dividend reinvestment plan in exempt transactions not required to be reported pursuant to Section 16(a).