SEC Form 4 · accession 0001140361-18-021835

PENTAIR plc · PNR

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

Reporting owner

John L Stauch

Officer — President & CEO · Director

Period of report

May 2, 2018

Accepted (ET)

May 4, 2018 · 6:33 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	20,916	$0.00	A	87,569	D
Common Shares^F2	holding	—	—		—	141,915	I	By Spouse Trust
Common Shares - ESPP^F3	holding	—	—		—	33	D
Common Shares - ESOP^F4	holding	—	—		—	850	I	By ESOP
Common Shares - Deferral Plan^F4,F5	holding	—	—		—	48,851	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)^F7	$45.42	May 2, 2018	A	87,016	A	—	May 2, 2028	Common Shares	87,016	87,016	D
Employee Stock Option (right to buy)^F8,F9	$22.24	holding	—	—	—	—	Jan 4, 2020	Common Shares	58,991	58,991	D
Employee Stock Option (right to buy)^F8,F9	$24.64	holding	—	—	—	—	Jan 3, 2021	Common Shares	54,678	54,678	D
Employee Stock Option (right to buy)^F8,F9	$22.73	holding	—	—	—	—	Jan 3, 2022	Common Shares	60,717	60,717	D
Employee Stock Option (right to buy)^F8,F9	$33.72	holding	—	—	—	—	Jan 2, 2023	Common Shares	50,616	50,616	D
Employee Stock Option (right to buy)^F8,F9	$51.21	holding	—	—	—	—	Jan 2, 2024	Common Shares	32,596	32,596	D
Employee Stock Option (right to buy)^F8,F9	$44.43	holding	—	—	—	—	Jan 2, 2025	Common Shares	47,506	47,506	D
Employee Stock Option (right to buy)^F8,F10	$32.83	holding	—	—	—	—	Jan 4, 2026	Common Shares	93,930	93,930	D
Employee Stock Option (right to buy)^F8,F11	$38.61	holding	—	—	—	—	Jan 3, 2027	Common Shares	58,499	58,499	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.
F10Two-thirds of this option is presently exercisable. The remaining one-third becomes exercisable on January 4, 2019.
F11One-third of this option is presently exercisable. The remaining two-thirds become exercisable on January 3, 2019 and January 3, 2020.
F2Since the date of the reporting person's last ownership form, 25,184 shares previously held directly and 2,171.076 shares previously held by the reporting person in the Pentair plc Employee Stock Purchase and Bonus Plan have been transferred and are now indirectly owned by a trust owned by the reporting person's spouse.
F3End-of-period holdings include monthly purchase(s) under the Pentair plc Employee Stock Purchase and Bonus Plan (ESPP) in exempt transaction(s) pursuant to Rule 16b-3(c); and shares acquired pursuant to a dividend reinvestment feature of the ESPP.
F4End-of-period holdings include shares acquired under a dividend reinvestment plan in exempt transactions not required to be reported pursuant to Section 16(a).
F5Pentair plc shares will be delivered to the reporting person in accordance with their irrevocable deferral election.
F6Employee stock option granted under the Pentair plc 2012 Stock and Incentive Plan.
F7One-third of the stock options become exercisable on the first, second and third anniversary of the grant.
F8The 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.
F9This option is presently exercisable in full.