SEC Form 4 · accession 0001140361-18-021828

PENTAIR plc · PNR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP & Chief Growth Officer

Period of report

May 2, 2018

Accepted (ET)

May 4, 2018 · 6:28 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^F2	May 2, 2018	A	3,303	$0.00	A	20,492	D

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	13,739	A	—	May 2, 2028	Common Shares	13,739	13,739	D
Employee Stock Option (right to buy)^F5,F6	$38.68	holding	—	—	—	—	Feb 28, 2027	Common Shares	10,066	10,066	D

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 number of restricted stock units was adjusted to increase by 3,783 shares in connection with the spin-off of nVent Electric plc from Pentair plc on April 30, 2018 pursuant to the anti-dilution provisions of the Pentair plc 2012 Stock and Incentive Plan.
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.
F6One-third of this option is presently exercisable. The remaining two-thirds become exercisable on February 28, 2019 and February 28, 2020.