SEC Form 4 · accession 0001140361-18-021825
PENTAIR plc · PNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karl R. Frykman
Officer — EVP & Chief Operating Officer
Period of report
May 2, 2018
Accepted (ET)
May 4, 2018 · 6:27 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 | 8,807 | $0.00 | A | 35,326 | D | |
| Common Shares - ESOPF2 | holding | — | — | — | 1,988 | 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)F4 | $45.42 | May 2, 2018 | A | 36,639 | A | — | May 2, 2028 | Common Shares | 36,639 | 36,639 | D |
| Employee Stock Option (right to buy)F5,F6 | $12.75 | holding | — | — | — | — | Mar 3, 2019 | Common Shares | 15,362 | 15,362 | D |
| Employee Stock Option (right to buy)F5,F6 | $22.81 | holding | — | — | — | — | Mar 2, 2020 | Common Shares | 19,368 | 19,368 | D |
| Employee Stock Option (right to buy)F5,F6 | $24.34 | holding | — | — | — | — | Mar 2, 2021 | Common Shares | 11,727 | 11,727 | D |
| Employee Stock Option (right to buy)F5,F6 | $25.74 | holding | — | — | — | — | Mar 1, 2022 | Common Shares | 11,526 | 11,526 | D |
| Employee Stock Option (right to buy)F5,F6 | $33.72 | holding | — | — | — | — | Jan 2, 2023 | Common Shares | 9,110 | 9,110 | D |
| Employee Stock Option (right to buy)F5,F6 | $51.21 | holding | — | — | — | — | Jan 2, 2024 | Common Shares | 7,967 | 7,967 | D |
| Employee Stock Option (right to buy)F5,F6 | $44.43 | holding | — | — | — | — | Jan 2, 2025 | Common Shares | 13,856 | 13,856 | D |
| Employee Stock Option (right to buy)F5,F7 | $32.83 | holding | — | — | — | — | Jan 4, 2026 | Common Shares | 32,389 | 32,389 | D |
| Employee Stock Option (right to buy)F5,F8 | $38.61 | holding | — | — | — | — | Jan 3, 2027 | Common Shares | 26,223 | 26,223 | 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).
- F3Employee stock option granted under the Pentair plc 2012 Stock and Incentive Plan.
- F4One-third of the stock options become exercisable on the first, second and third anniversary of the grant.
- F5The 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.
- F6This option is presently exercisable in full.
- F7Two-thirds of this option is presently exercisable. The remaining one-third becomes exercisable on January 4, 2019.
- F8One-third of this option is presently exercisable. The remaining two-thirds become exercisable on January 3, 2019 and January 3, 2020.