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