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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) | $ 20.28 | 03/07/2017 | M | 49,928 | (5) | 11/07/2021 | Common Stock | 49,928 | $ 0 | 0 | D | ||||
Employee Stock Option (Right to Buy) | $ 22.8 | 03/07/2017 | M | 29,115 | (6) | 03/08/2022 | Common Stock | 29,115 | $ 0 | 0 | D | ||||
Employee Stock Option (Right to Buy) | $ 26.76 | 03/07/2017 | M | 22,975 | (7) | 03/05/2023 | Common Stock | 22,975 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Scalera Thomas M C/O ITT INC. 1133 WESTCHESTER AVENUE WHITE PLAINS, NY 10604 |
EVP & Chief Financial Officer |
/s/ Lori B. Marino, Secretary of ITT Inc., by Power of Attorney for Thomas M. Scalera | 03/09/2017 | |
**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) | Reflects the withholding of 1,381 shares of common stock to pay the tax liability incident to the vesting on March 4, 2017 of restricted stock units granted under the ITT 2011 Omnibus Incentive Plan on March 4, 2014. The number of shares withheld was determined on March 7, 2017 based on the average of the high/low trading price of the common stock of ITT Inc. (the "Issuer") on March 6, 2017. |
(2) | This price represents the approximate weighted average price per share of sales of common stock of the Issuer, which were executed at prices ranging from $40.71 to $40.94 per share. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
(3) | This represents the sale of shares underlying the options the exercise of which is reported on this form. This price represents the approximate weighted average price per share of sales of common stock of the Issuer, which were executed at prices ranging from $40.56 to $40.99 per share. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
(4) | As of March 7, 2017. |
(5) | These options were granted on November 7, 2011 and vested in three equal annual installments beginning on the first anniversary of the grant date. |
(6) | These options were granted on March 8, 2012 and vested in full on March 8, 2015. |
(7) | These options were granted on March 5, 2013 and vested in full on March 5, 2016. |