SEC Form 4 · accession 0001140361-18-021830
PENTAIR plc · PNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karla C Robertson
Officer — EVP, Gen. Counsel & Secretary
Period of report
May 2, 2018
Accepted (ET)
May 4, 2018 · 6:29 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 UnitsF2 | May 2, 2018 | A | 3,715 | $0.00 | A | 25,419 | D |
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 | 15,457 | A | — | May 2, 2028 | Common Shares | 15,457 | 15,457 | 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 number of restricted stock units was adjusted to increase by 7,245 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.