SEC Form 4 · accession 0001140361-18-021791
PENTAIR plc · PNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glynis Bryan
Director
Period of report
May 2, 2018
Accepted (ET)
May 4, 2018 · 5:55 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 - Restricted Stock Units | May 2, 2018 | A | 2,862 | $0.00 | A | 2,862 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Director Stock Option (right to buy)F2,F3 | $16.51 | holding | — | — | — | — | Jan 2, 2019 | Common Shares | 17,133 | 17,133 | D |
| Director Stock Option (right to buy)F2,F3 | $22.24 | holding | — | — | — | — | Jan 4, 2020 | Common Shares | 6,116 | 6,116 | D |
| Director Stock Option (right to buy)F2,F3 | $24.64 | holding | — | — | — | — | Jan 3, 2021 | Common Shares | 4,225 | 4,225 | D |
| Director Stock Option (right to buy)F2,F3 | $22.73 | holding | — | — | — | — | Jan 3, 2022 | Common Shares | 6,307 | 6,307 | D |
| Director Stock Option (right to buy)F2,F3 | $33.72 | holding | — | — | — | — | Jan 2, 2023 | Common Shares | 3,947 | 3,947 | D |
| Director Stock Option (right to buy)F2,F3 | $51.21 | holding | — | — | — | — | Jan 2, 2024 | Common Shares | 2,260 | 2,260 | D |
| Director Stock Option (right to buy)F2,F3 | $44.43 | holding | — | — | — | — | Jan 2, 2025 | Common Shares | 4,008 | 4,008 | D |
| Director Stock Option (right to buy)F2,F4 | $32.83 | holding | — | — | — | — | Jan 4, 2026 | Common Shares | 6,558 | 6,558 | D |
| Director Stock Option (right to buy)F2,F5 | $38.61 | holding | — | — | — | — | Jan 3, 2027 | Common Shares | 5,244 | 5,244 | D |
| Phantom Stock Units (Deferred Compensation)F8,F6,F7 | — | holding | — | — | — | — | — | Common Shares | 5,119 | 5,119 | D |
Explanation of responses
- F1Restricted stock units granted pursuant to and subject to a vesting condition of the Pentair plc 2012 Stock and Incentive Plan. Each restricted stock unit represents a right to receive one Pentair plc share upon vesting.
- F2The exercise price and number of stock options were adjusted in connection with the spin-off of nVent Electric plc on April 30, 2018 pursuant to the anti-dilution provisions of the Pentair plc 2012 Stock and Incentive Plan.
- F3This option is presently exercisable in full.
- F4Two-thirds of this option is presently exercisable. The remaining one-third becomes exercisable on January 4, 2019.
- F5One-third of this option is presently exercisable. The remaining two-thirds become exercisable on January 3, 2019 and January 3, 2020.
- F6Phantom stock units convert into common shares on a one-for-one basis.
- F7Settlement of phantom stock units will be in Pentair plc common shares in accordance with reporting person's irrevocable election.
- F8End-of-period holdings include shares acquired under a dividend reinvestment plan in exempt transactions not required to be reported pursuant to Section 16(a).