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nVent Electric plc — Director's Dealing 2018
May 9, 2018
30393_dirs_2018-05-09_926d3611-305c-471e-a421-7d01e60037d6.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: HOGAN RANDALL J (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-05-07 | Ordinary Shares - Restricted Stock Units | A | 5130 | — | Acquired | 225359.9 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Ordinary Shares | 33055 | Direct |
| Ordinary Shares | 439115 | Indirect |
| Ordinary Shares | 7768 | Indirect |
| Ordinary Shares | 13442 | Indirect |
| Ordinary Shares - ESOP | 2294.868 | Indirect |
| Ordinary Shares - Deferral Plan | 61158.945 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Nonqualified Stock Option (right to buy) | $8.37 | 2019-01-02 | Ordinary Shares (204462) | 204462 | Direct |
| Nonqualified Stock Option (right to buy) | $11.28 | 2020-01-04 | Ordinary Shares (361175) | 361175 | Direct |
| Nonqualified Stock Option (right to buy) | $12.49 | 2021-01-03 | Ordinary Shares (170663) | 170663 | Direct |
| Nonqualified Stock Option (right to buy) | $11.53 | 2022-01-03 | Ordinary Shares (193030) | 193030 | Direct |
| Nonqualified Stock Option (right to buy) | $17.10 | 2023-01-02 | Ordinary Shares (198065) | 198065 | Direct |
| Nonqualified Stock Option (right to buy) | $17.8 | 2023-03-15 | Ordinary Shares (27176) | 27176 | Direct |
| Nonqualified Stock Option (right to buy) | $25.96 | 2024-01-02 | Ordinary Shares (136052) | 136052 | Direct |
| Nonqualified Stock Option (right to buy) | $22.52 | 2025-01-02 | Ordinary Shares (186066) | 186066 | Direct |
| Nonqualified Stock Option (right to buy) | $16.65 | 2026-01-04 | Ordinary Shares (323900) | 323900 | Direct |
| Nonqualified Stock Option (right to buy) | $19.57 | 2027-01-03 | Ordinary Shares (185283) | 185283 | 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 220,229.9 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: Shares of nVent Electric plc will be delivered to the reporting person in accordance with their irrevocable deferral election.
F5: 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.
F6: This option is presently exercisable in full.
F7: Two-thirds of this option is presently exercisable. The remaining one-third becomes exercisable on January 4, 2019.
F8: One-third of this option is presently exercisable. The remaining two-thirds become exercisable on January 3, 2019 and January 3, 2020.