SEC Form 4 · accession 0001567619-19-000576
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
Jan 2, 2019
Accepted (ET)
Jan 4, 2019 · 4:48 pm EST
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,F3 | Jan 2, 2019 | A | 10,756 | $0.00 | A | 35,362 | D | |
| Common SharesF3 | Jan 2, 2019 | F | 2,907 | $37.77 | D | 42,721 | D | |
| Common SharesF3 | Jan 3, 2019 | F | 603 | $36.64 | D | 43,987 | D | |
| Common Shares - ESOPF2 | holding | — | — | — | 2,007 | 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)F6 | $37.77 | Jan 2, 2019 | A | 47,415 | A | — | Jan 2, 2029 | Common Shares | 47,415 | 47,415 | 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).
- F3End-of-period holdings reflect the vesting of restricted stock units that were previously reported.
- F4Shares surrendered to pay taxes applicable to vesting of restricted stock units.
- F5Employee stock option granted under the Pentair plc 2012 Stock and Incentive Plan.
- F6One-third of the stock options become exercisable on the first, second and third anniversary of the grant.