0001140361-17-000845.txt : 20170105 0001140361-17-000845.hdr.sgml : 20170105 20170105190545 ACCESSION NUMBER: 0001140361-17-000845 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170103 FILED AS OF DATE: 20170105 DATE AS OF CHANGE: 20170105 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PENTAIR plc CENTRAL INDEX KEY: 0000077360 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY (NO METALWORKING MACHINERY) [3550] IRS NUMBER: 981050812 STATE OF INCORPORATION: L2 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: PO BOX 471 STREET 2: SHARP STREET, WALKDEN CITY: MANCHESTER STATE: X0 ZIP: M28 8BU BUSINESS PHONE: 763-545-1730 MAIL ADDRESS: STREET 1: C/O PENTAIR MANAGEMENT COMPANY STREET 2: 5500 WAYZATA BLVD CITY: GOLDEN VALLEY STATE: MN ZIP: 55416 FORMER COMPANY: FORMER CONFORMED NAME: PENTAIR LTD DATE OF NAME CHANGE: 20121003 FORMER COMPANY: FORMER CONFORMED NAME: PENTAIR INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PENTAIR INDUSTRIES INC DATE OF NAME CHANGE: 19790327 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MERRIMAN RONALD CENTRAL INDEX KEY: 0001254762 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11625 FILM NUMBER: 17512445 MAIL ADDRESS: STREET 1: 6175 NANCY RIDGE CITY: SAN DIEGO STATE: CA ZIP: 92121 4 1 doc1.xml FORM 4 X0306 4 2017-01-03 0 0000077360 PENTAIR plc PNR 0001254762 MERRIMAN RONALD 5500 WAYZATA BLVD., SUITE 600 GOLDEN VALLEY MN 55416 1 0 0 0 Common Shares - Restricted Stock Units 2017-01-03 4 A 0 1122 0 A 1122 D Common Shares 2017-01-04 4 F 0 548 58.15 D 16338 D Common Shares 2017-01-04 4 M 0 10000 32.73 A 26338 D Common Shares 2017-01-04 4 S 0 10000 57.87 D 16338 D Common Shares - Deferral Plan 300.5 I Plan Agent Nonqualified Stock Option (right to buy) 57.95 2017-01-03 4 A 0 5265 0 A 2018-01-03 2027-01-03 Common Shares 5265 5265 D Nonqualified Stock Option (right to buy) 32.73 2017-01-04 4 M 0 10000 0 D 2017-02-26 Common Shares 10000 0 D Phantom Stock Units (Deferred Compensation) Common Shares 122.563 122.563 I Plan Agent 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. /s/ John K. Wilson, Attorney-in-Fact for Ronald Merriman 2017-01-05