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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
| 1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Employee Stock Option (right to buy) | $ 45.42 | 05/02/2018 | A(6) | 87,016 | (7) | 05/02/2028 | Common Shares | 87,016 | $ 0 | 87,016 | D | ||||
| Employee Stock Option (right to buy) | $ 22.24 (8) | (9) | 01/04/2020 | Common Shares | 58,991 (8) | 58,991 (8) | D | ||||||||
| Employee Stock Option (right to buy) | $ 24.64 (8) | (9) | 01/03/2021 | Common Shares | 54,678 (8) | 54,678 (8) | D | ||||||||
| Employee Stock Option (right to buy) | $ 22.73 (8) | (9) | 01/03/2022 | Common Shares | 60,717 (8) | 60,717 (8) | D | ||||||||
| Employee Stock Option (right to buy) | $ 33.72 (8) | (9) | 01/02/2023 | Common Shares | 50,616 (8) | 50,616 (8) | D | ||||||||
| Employee Stock Option (right to buy) | $ 51.21 (8) | (9) | 01/02/2024 | Common Shares | 32,596 (8) | 32,596 (8) | D | ||||||||
| Employee Stock Option (right to buy) | $ 44.43 (8) | (9) | 01/02/2025 | Common Shares | 47,506 (8) | 47,506 (8) | D | ||||||||
| Employee Stock Option (right to buy) | $ 32.83 (8) | (10) | 01/04/2026 | Common Shares | 93,930 (8) | 93,930 (8) | D | ||||||||
| Employee Stock Option (right to buy) | $ 38.61 (8) | (11) | 01/03/2027 | Common Shares | 58,499 (8) | 58,499 (8) | D | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Stauch John L 5500 WAYZATA BLVD., SUITE 600 GOLDEN VALLEY, MN 55416 |
X | President & CEO | ||
| /s/ John K. Wilson, Attorney-in-Fact for John L. Stauch | 05/04/2018 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | 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 Pentair plc share upon vesting. |
| (2) | Since the date of the reporting person's last ownership form, 25,184 shares previously held directly and 2,171.076 shares previously held by the reporting person in the Pentair plc Employee Stock Purchase and Bonus Plan have been transferred and are now indirectly owned by a trust owned by the reporting person's spouse. |
| (3) | End-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. |
| (4) | 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). |
| (5) | Pentair plc shares will be delivered to the reporting person in accordance with their irrevocable deferral election. |
| (6) | Employee stock option granted under the Pentair plc 2012 Stock and Incentive Plan. |
| (7) | One-third of the stock options become exercisable on the first, second and third anniversary of the grant. |
| (8) | The exercise price and number of stock options were adjusted in connection with the spin-off of nVent Electric plc on April 30, 2018 pursuant to the anti-dilution provisions of the Pentair plc 2012 Stock and Incentive Plan. |
| (9) | This option is presently exercisable in full. |
| (10) | Two-thirds of this option is presently exercisable. The remaining one-third becomes exercisable on January 4, 2019. |
| (11) | One-third of this option is presently exercisable. The remaining two-thirds become exercisable on January 3, 2019 and January 3, 2020. |