SEC Form 4 · accession 0001140361-17-043676
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 21, 2017
Accepted (ET)
Nov 22, 2017 · 4:27 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 | Nov 21, 2017 | M | 7,385 | $32.40 | A | 40,775 | D | |
| Common Shares | Nov 21, 2017 | S | 7,385 | $70.00 | D | 33,390 | D | |
| Common Shares - ESOPF2 | holding | — | — | — | 1,905 | 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)F3 | $32.40 | Nov 21, 2017 | M | 7,385 | D | Mar 3, 2009 | Mar 3, 2018 | Common Shares | 7,385 | 0 | 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.
- 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).
- F3One-third of the stock options become exercisable on the first, second, and third anniversary of the grant.