0001140361-18-022587.txt : 20180509
0001140361-18-022587.hdr.sgml : 20180509
20180509175153
ACCESSION NUMBER: 0001140361-18-022587
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180507
FILED AS OF DATE: 20180509
DATE AS OF CHANGE: 20180509
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Pettit Thomas F
CENTRAL INDEX KEY: 0001613910
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38265
FILM NUMBER: 18819760
MAIL ADDRESS:
STREET 1: 5695 MERRY LANE
CITY: EXCELSIOR
STATE: MN
ZIP: 55331
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: nVent Electric plc
CENTRAL INDEX KEY: 0001720635
STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY (NO METALWORKING MACHINERY) [3550]
IRS NUMBER: 981391970
STATE OF INCORPORATION: L2
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: THE MILLE
STREET 2: 1000 GREAT WEST ROAD, 8TH FLOOR (EAST)
CITY: LONDON
STATE: X0
ZIP: TW8 9DW
BUSINESS PHONE: 763-204-7700
MAIL ADDRESS:
STREET 1: C/O NVENT MANAGEMENT COMPANY
STREET 2: 1665 UTICA AVE., SUITE 700
CITY: ST. LOUIS PARK
STATE: MN
ZIP: 55416
4
1
doc1.xml
FORM 4
X0306
4
2018-05-07
0
0001720635
nVent Electric plc
NVT
0001613910
Pettit Thomas F
1665 UTICA AVENUE
SUITE 700
ST. LOUIS PARK
MN
55416
0
1
0
0
See Remarks below
Ordinary Shares - Restricted Stock Units
2018-05-07
4
A
0
2466
0
A
50049.68
D
Ordinary Shares
1833.69
D
Ordinary Shares - ESOP
135.3654
I
By ESOP
Ordinary Shares - Deferral Plan
550.757
I
Plan Agent
Ordinary Shares
2812
I
By Trust
Employee Stock Option (right to buy)
25.34
2018-05-07
4
A
0
12392
0
A
2028-05-07
Ordinary Shares
12392
12392
D
Employee Stock Option (right to buy)
16.61
2026-03-01
Ordinary Shares
8117
8117
D
Employee Stock Option (right to buy)
20.22
2027-03-01
Ordinary Shares
6509
6509
D
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.
Includes 47,583.68 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.
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.
Shares of nVent Electric plc will be delivered to the reporting person in accordance with their irrevocable deferral election.
Employee stock option granted under the nVent Electric plc 2018 Omnibus Incentive Plan.
One-third of the stock options become exercisable on each of January 2, 2019, 2020 and 2021.
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.
Two-thirds of this option is presently exercisable. The remaining one-third becomes exercisable on March 1, 2019.
One-third of this option is presently exercisable. The remaining two-thirds become exercisable on March 1, 2019 and March 1, 2020.
Executive Vice President and Chief Integrated Supply Chain Officer
/s/ John K. Wilson, Attorney-in-Fact for Thomas F. Pettit
2018-05-09