SEC Form 4 · accession 0001140361-18-021833
PENTAIR plc · PNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ademir Sarcevic
Officer — SVP & Chief Accounting Officer
Period of report
May 2, 2018
Accepted (ET)
May 4, 2018 · 6:32 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 | 1,376 | $0.00 | A | 10,540 | 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)F3 | $45.42 | May 2, 2018 | A | 5,725 | A | — | May 2, 2028 | Common Shares | 5,725 | 5,725 | D |
| Employee Stock Option (right to buy)F4,F5 | $53.49 | holding | — | — | — | — | Mar 3, 2024 | Common Shares | 2,427 | 2,427 | D |
| Employee Stock Option (right to buy)F4,F5 | $44.11 | holding | — | — | — | — | Mar 2, 2025 | Common Shares | 3,588 | 3,588 | D |
| Employee Stock Option (right to buy)F4,F6 | $32.75 | holding | — | — | — | — | Mar 1, 2026 | Common Shares | 2,435 | 2,435 | D |
| Employee Stock Option (right to buy)F4,F7 | $39.88 | holding | — | — | — | — | Mar 1, 2027 | Common Shares | 5,858 | 5,858 | 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.
- F2Employee stock option granted under the Pentair plc 2012 Stock and Incentive Plan.
- F3One-third of the stock options become exercisable on the first, second and third anniversary of the grant.
- F4The 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.
- F5This option is presently exercisable in full.
- F6Two-thirds of this option is presently exercisable. The remaining one-third becomes exercisable on March 1, 2019.
- F7One-third of this option is presently exercisable. The remaining two-thirds become exercisable on March 1, 2019 and March 1, 2020.