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nVent Electric plc — Director's Dealing 2018
May 9, 2018
30393_dirs_2018-05-09_aee95c78-46ea-4f79-a898-7de4dd92823c.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: nVent Electric plc (NVT)
CIK: 0001720635
Period of Report: 2018-05-07
Reporting Person: Sommerness Benjamin R. (See Remarks below)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-05-07 | Ordinary Shares - Restricted Stock Units | A | 5426 | — | Acquired | 58479 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-05-07 | Employee Stock Option (right to buy) | $25.34 | A | 27262 | Acquired | 2028-05-07 | Ordinary Shares (27262) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Ordinary Shares | 13.7949 | Direct |
Footnotes
F1: Restricted stock units granted pursuant to and subject to a vesting condition of the nVent Electric plc 2018 Omnibus Incentive Plan. Each restricted stock unit represents a right to receive one nVent Electric plc share upon vesting.
F2: Includes 53,053 restricted stock units ("RSUs") as a result of each outstanding Pentair plc RSU being converted into an RSU denominated in nVent Electric plc ordinary shares in a manner intended to preserve the aggregate intrinsic value of the original Pentair plc RSU in connection with the spin-off of nVent Electric plc from Pentair plc.
F3: Reflects ordinary shares received in a pro-rata distribution upon completion of the spin-off of nVent Electric plc from Pentair plc in an exempt transaction pursuant to Rule 16a-9.
F4: Employee stock option granted under the nVent Electric plc 2018 Omnibus Incentive Plan.
F5: One-third of the stock options become exercisable on each of January 2, 2019, 2020 and 2021.