PENTAIR LTD 4
4 · PENTAIR LTD · Filed Jan 6, 2014
Insider Transaction Report
Form 4
PENTAIR LTDPNR
Abi-Karam Leslie
Director
Transactions
- Award
Common Shares - Restricted Stock Units
2014-01-02+676→ 676 total - Award
Nonqualified Stock Option (right to buy)
2014-01-02+2,269→ 2,269 totalExercise: $76.87From: 2015-01-02Exp: 2024-01-02→ Common Shares (2,269 underlying)
Holdings
- 4,220
Common Shares
- 3,282.821(indirect: Plan Agent)
Phantom Stock Units (Deferred Compensation)
→ Common Shares (3,282.821 underlying)
Footnotes (7)
- [F1]Restricted stock units granted pursuant to and subject to a vesting condition of the Pentair Ltd. 2012 Stock and Incentive Plan. Each restricted stock unit represents a right to receive one share of Pentair Ltd. common shares upon vesting.
- [F2]End-of-period holdings reflect the vesting of restricted stock units that were previously reported.
- [F3]Nonqualified stock option granted under the Pentair Ltd. 2012 Stock and Incentive Plan.
- [F4]One-third of the stock options become exercisable on the first, second, and third anniversary of the grant.
- [F5]Phantom stock units convert into common shares on a one-for-one basis.
- [F6]Settlement of phantom stock units will be in Pentair Ltd. common shares in accordance with reporting person's irrevocable election.
- [F7]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).