SEC Form 4 · accession 0001567619-19-000599
PENTAIR plc · PNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John L Stauch
Officer — Executive Vice President, CFO
Period of report
Jan 2, 2019
Accepted (ET)
Jan 4, 2019 · 5:15 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 | 27,800 | $0.00 | A | 85,469 | D | |
| Common SharesF2 | Jan 2, 2019 | F | 8,174 | $37.77 | D | 17,981 | D | |
| Common SharesF2 | Jan 3, 2019 | F | 1,902 | $36.64 | D | 20,249 | D | |
| Common Shares - Deferral PlanF5,F3 | holding | — | — | — | 49,252 | I | Plan Agent | |
| Common Shares - ESOPF3 | holding | — | — | — | 858 | I | By ESOP | |
| Common Shares - ESPPF6 | holding | — | — | — | 211 | 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)F8 | $37.77 | Jan 2, 2019 | A | 122,549 | A | — | Jan 2, 2029 | Common Shares | 122,549 | 122,549 | D |
Explanation of responses
- F1Restricted stock units granted pursuant to and subject to a vesting condition of the Pentair 2012 Stock and Incentive Plan. Each restricted stock unit represents the right to receive one Pentair plc share upon vesting.
- F2End-of-period holdings reflect the vesting of restricted stock units that were previously reported.
- F3End-of-period holdings include shares acquired under a dividend reinvestment plan in exempt transactions not required to be reported pursuant to Section 16(a).
- F4Shares surrendered to pay taxes applicable to vesting of restricted stock units.
- F5Shares of Pentair Ltd. common shares will be delivered to the reporting person in accordance with their irrevocable deferral election.
- F6End-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.
- F7Employee stock option granted under the Pentair plc 2012 Stock and Incentive Plan.
- F8One-third of the stock options become exercisable on the first, second, and third anniversary of the grant.