SEC Form 4 · accession 0001140361-18-021822
PENTAIR plc · PNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark C Borin
Officer — EVP & Chief Financial Officer
Period of report
May 2, 2018
Accepted (ET)
May 4, 2018 · 6:26 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 | 6,605 | $0.00 | A | 25,453 | D | |
| Common Shares - ESOPF2 | holding | — | — | — | 660 | I | By ESOP | |
| Common Shares - Deferral PlanF2,F3 | holding | — | — | — | 8,345 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F5 | $45.42 | May 2, 2018 | A | 27,479 | A | — | May 2, 2028 | Common Shares | 27,479 | 27,479 | D |
| Employee Stock Option (right to buy)F6,F7 | $24.64 | holding | — | — | — | — | Jan 3, 2021 | Common Shares | 15,740 | 15,740 | D |
| Employee Stock Option (right to buy)F6,F7 | $22.73 | holding | — | — | — | — | Jan 3, 2022 | Common Shares | 17,761 | 17,761 | D |
| Employee Stock Option (right to buy)F6,F7 | $33.72 | holding | — | — | — | — | Jan 2, 2023 | Common Shares | 15,184 | 15,184 | D |
| Employee Stock Option (right to buy)F6,F7 | $51.21 | holding | — | — | — | — | Jan 2, 2024 | Common Shares | 9,705 | 9,705 | D |
| Employee Stock Option (right to buy)F6,F7 | $39.87 | holding | — | — | — | — | Dec 15, 2024 | Common Shares | 8,521 | 8,521 | D |
| Employee Stock Option (right to buy)F6,F7 | $44.43 | holding | — | — | — | — | Jan 2, 2025 | Common Shares | 13,856 | 13,856 | D |
| Employee Stock Option (right to buy)F6,F8 | $32.83 | holding | — | — | — | — | Jan 4, 2026 | Common Shares | 26,559 | 26,559 | D |
| Employee Stock Option (right to buy)F6,F9 | $38.61 | holding | — | — | — | — | Jan 3, 2027 | Common Shares | 16,540 | 16,540 | 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.
- 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).
- F3Pentair plc shares will be delivered to the reporting person in accordance with their irrevocable deferral election.
- F4Employee stock option granted under the Pentair plc 2012 Stock and Incentive Plan.
- F5One-third of the stock options become exercisable on the first, second and third anniversary of the grant.
- F6The 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.
- F7This option is presently exercisable in full.
- F8Two-thirds of this option is presently exercisable. The remaining one-third becomes exercisable on January 4, 2019.
- F9One-third of this option is presently exercisable. The remaining two-thirds become exercisable on January 3, 2019 and January 3, 2020.