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nVent Electric plc — Director's Dealing 2018
May 9, 2018
30393_dirs_2018-05-09_248b5491-4815-4402-8e3f-0dd126d9e65d.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: Faulconer Michael B (President - Thermal Management)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-05-07 | Ordinary Shares - Restricted Stock Units | A | 3453 | — | Acquired | 10172.03 | 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 | 17348 | Acquired | 2028-05-07 | Ordinary Shares (17348) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Ordinary Shares | 1862.123 | Direct |
| Ordinary Shares - ESOP | 125.792 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $17.10 | 2023-01-02 | Ordinary Shares (2151) | 2151 | Direct |
| Employee Stock Option (right to buy) | $27.12 | 2024-03-03 | Ordinary Shares (2080) | 2080 | Direct |
| Employee Stock Option (right to buy) | $22.36 | 2025-03-02 | Ordinary Shares (2990) | 2990 | Direct |
| Employee Stock Option (right to buy) | $16.61 | 2026-03-01 | Ordinary Shares (4707) | 4707 | Direct |
| Employee Stock Option (right to buy) | $20.22 | 2027-03-01 | Ordinary Shares (4556) | 4556 | 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 6,719.03 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.
F6: Each outstanding Pentair plc stock option was converted into an award of options to purchase nVent Electric plc ordinary shares In connection with the spin-off of nVent Electric plc from Pentair plc. The number of shares and exercise prices of each option award were adjusted in a manner intended to preserve the aggregate intrinsic value of the original Pentair plc stock option.
F7: This option is presently exercisable in full.
F8: Two-thirds of this option is presently exercisable. The remaining one-third becomes exercisable on March 1, 2019.
F9: One-third of this option is presently exercisable. The remaining two-thirds become exercisable on March 1, 2019 and March 1, 2020.