Filing Details
- Accession Number:
- 0001140361-17-000845
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-01-05 19:05:45
- Reporting Period:
- 2017-01-03
- Filing Date:
- 2017-01-05
- Accepted Time:
- 2017-01-05 19:05:45
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 77360 | Pentair Plc | PNR | Special Industry Machinery (No Metalworking Machinery) (3550) | 981050812 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1254762 | Ronald Merriman | 5500 Wayzata Blvd., Suite 600 Golden Valley MN 55416 | Yes | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Shares - Restricted Stock Units | Acquisiton | 2017-01-03 | 1,122 | $0.00 | 1,122 | No | 4 | A | Direct | |
| Common Shares | Disposition | 2017-01-04 | 548 | $58.15 | 16,338 | No | 4 | F | Direct | |
| Common Shares | Acquisiton | 2017-01-04 | 10,000 | $32.73 | 26,338 | No | 4 | M | Direct | |
| Common Shares | Disposition | 2017-01-04 | 10,000 | $57.87 | 16,338 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Shares | Nonqualified Stock Option (right to buy) | Acquisiton | 2017-01-03 | 5,265 | $0.00 | 5,265 | $57.95 |
| Common Shares | Nonqualified Stock Option (right to buy) | Disposition | 2017-01-04 | 10,000 | $0.00 | 10,000 | $32.73 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 5,265 | 2018-01-03 | 2027-01-03 | No | 4 | A | Direct |
| 0 | 2017-02-26 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Shares - Deferral Plan | 301 | Indirect | Plan Agent |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Shares | Phantom Stock Units (Deferred Compensation) | $0.00 | 123 | 123 | Indirect |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 123 | 123 | Indirect |
Footnotes
- Restricted 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 share of Pentair plc common shares upon vesting.
- End-of-period holdings reflect the vesting of restricted stock units that were previously reported.
- Shares surrendered to pay taxes applicable to vesting of restricted stock units.
- The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person for financial planning purposes in connection with stock options that will expire on February 26, 2017.
- The price in Column 4 is a weighted average price. The prices actually received ranged from $57.75 to $58.00. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.
- End-of-period holdings include shares acquired under a dividend reinvestment plan in exempt transactions not required to be reported pursuant to Section 16(a).
- Phantom Stock Units previously held in the reporting person's account under the Equity Compensation Plan were transferred to the reporting person's account under the Deferred Compensation Plan, due to the plan administrator's account recordkeeping, in an exempt transaction not required to be reported pursuant to Section 16(a).
- Nonqualified stock option granted under the Pentair plc 2012 Stock and Incentive Plan.
- One third of the stock options become exercisable on the first, second and third anniversary of the grant.
- The options are vested and exercisable.
- Phantom stock units convert into common shares on a one-for-one basis.
- Settlement of phantom stock units will be in Pentair plc common shares in accordance with reporting person's irrevocable election.
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