SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 
FORM 11-K
 
 
 
ý
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the year ended December 31, 2016
OR
 
¨
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from              to             
Commission file number 1-4982
 
 
 
A.
Full title of the plan and the address of the plan, if different from that of the issuer named below:
PARKER RETIREMENT SAVINGS PLAN
 
B.
Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
PARKER-HANNIFIN CORPORATION
6035 PARKLAND BOULEVARD
CLEVELAND, OHIO 44124-4141


Parker Retirement Savings Plan



Index of Financial Statements
 
 
Report of Independent Registered Public Accounting Firm
1

 
 
Financial Statements:
 
Statements of Net Assets Available for Benefits at December 31, 2016 and 2015
2

Statements of Changes in Net Assets Available for Benefits for the Years Ended December 31, 2016 and 2015
3

Notes to Financial Statements
4-10

 
 
Supplemental Schedule:
 
Schedule of Assets (Held at End of Year) at December 31, 2016
11-16




REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Plan Participants and Board of Directors
Parker-Hannifin Corporation
Parker Retirement Savings Plan
Cleveland, Ohio
We have audited the accompanying statements of net assets available for benefits of the Parker Retirement Savings Plan (the Plan) as of December 31, 2016 and 2015, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2016 and 2015, and the changes in net assets available for benefits for the years then ended, in conformity with accounting principles generally accepted in the United States of America.
The supplemental information in the accompanying schedule of assets (held at end of year) as of December 31, 2016 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is presented for the purpose of additional analysis and is not a required part of the financial statements but includes supplemental information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental information is the responsibility of the Plan's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information in the accompanying schedule, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated in all material respects in relation to the financial statements as a whole.

/s/ RSM US LLP
Cleveland, Ohio
June 27, 2017


1

Parker Retirement Savings Plan




Statements of Net Assets Available for Benefits
At December 31, 2016 and 2015
 
(Dollars in Thousands)
 
2016
 
2015
ASSETS
 
 
 
 
Plan investments at fair value
 
$
3,496,981

 
$
3,097,179

Plan investments at contract value
 
494,998

 
432,683

Notes receivable from participants
 
84,406

 
91,592

Employer contribution receivable
 
29,305

 
30,073

Participants' contribution receivable
 
1,466

 
1,425

Total assets
 
4,107,156

 
3,652,952

LIABILITIES
 

 

Net assets available for benefits
 
$
4,107,156

 
$
3,652,952

The accompanying notes are an integral part of these financial statements.

2

Parker Retirement Savings Plan




Statements of Changes in Net Assets Available for Benefits
For The Years Ended December 31, 2016 and 2015
 
(Dollars in Thousands)
 
2016
 
2015
ADDITIONS
 
 
 
 
Participants’ contributions
 
$
126,595

 
$
137,277

Employer contributions
 
84,211

 
91,024

Net appreciation in fair value of investments
 
581,314

 

Dividend and interest income on investments
 
37,424

 
36,984

Interest income on notes receivable from participants
 
3,737

 
3,851

Total additions
 
833,281

 
269,136

DEDUCTIONS
 
 
 
 
Distributions to participants
 
384,331

 
412,399

Net depreciation in fair value of investments
 

 
366,794

Trustee fees and other expenses
 
1,372

 
1,633

Total deductions
 
385,703

 
780,826

Net increase (decrease) before transfer
 
447,578

 
(511,690
)
Plan transfers
 
6,626

 

Net increase/(decrease)
 
454,204

 
(511,690
)
Net assets available for benefits - beginning of year
 
3,652,952

 
4,164,642

Net assets available for benefits - end of year
 
$
4,107,156

 
$
3,652,952

The accompanying notes are an integral part of these financial statements.


3

Parker Retirement Savings Plan

Notes to Financial Statements
(Dollars in Thousands)



 
1. Summary of Significant Accounting Policies
The financial statements of the Plan are prepared using the accrual method of accounting.
Investment Valuation
The Parker Retirement Savings Plan’s (the Plan) investments, except for the fully benefit-responsive investment contract, are reported at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. (See Note 6 for further discussion). The fully benefit-responsive investment contract is measured at contract value. Contract value is the amount participants normally would receive if they were to initiate permitted transactions under the terms of the Plan. (See Note 5 for further discussion).
Purchases and sales of securities are reflected on a trade-date basis.
Dividend income is recorded on the ex-dividend date. Interest and other income are recorded as earned on the accrual basis.
Costs incident to the purchase and sale of securities, such as brokerage commissions and stock transfer taxes, as well as investment advisory fees, are charged to the investment fund to which they relate and are netted against dividend and interest income. Certain costs and expenses incurred in administering the Plan are paid out of the Plan’s assets and Parker-Hannifin Corporation (the Company) pays the remainder.
Risks and Uncertainties
Management believes that the Plan’s investments are well diversified and do not create a significant concentration of interest rate, market or credit risk. However, due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amount reported in the Statements of Net Assets Available for Benefits. Participants assume all risk in connection with any decrease in the fair value of any securities in all the funds. Although the annual rates of return with respect to the contracts held in the Contract Income Fund are guaranteed by major insurance companies and banks, the Company does not make any representations as to the financial capability of such companies or their ability to make payments under the contracts.
Subsequent Events
No subsequent events occurred that required adjustment to or disclosure in these financial statements.
Other
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
Benefit distributions are recorded when paid.


4

Parker Retirement Savings Plan

Notes to Financial Statements
(Dollars in Thousands)





2. Description of the Plan
General
The following description of the Plan provides only general information. Participants should refer to the Plan document or Summary Plan Description for a more complete description of the Plan’s provisions.
The Plan is a defined contribution plan available to all U.S. domestic regular full-time and part-time non-union employees, and some union employees (if negotiated). Employees are eligible for participation in the Plan the first day of the month following their date of hire and are generally automatically enrolled in the Plan 30 days after their date of hire or rehire. A separate Retirement Income Account (RIA) also exists within the Plan. Some of the Company’s employees participate in the RIA in lieu of participating in a defined benefit plan. Similar to a defined benefit plan, participants do not make contributions to the RIA. The Plan is subject to Sections 401(a) and 401(k) of the Internal Revenue Code and the provisions of the Employee Retirement Income Security Act of 1974 (ERISA), as amended.
Participant Contributions
Participants may elect to contribute, through payroll deductions, not less than 1% nor more than 75% of their total compensation for a Plan year and may change such percentage upon request. Participant contributions are made either on a before-tax and/or after-tax basis. Employee contributions and their associated Company matching contributions are primarily recorded in the period that payroll withholdings are deducted from participants. Contributions are subject to certain limitations.
Participants may suspend their savings plan contributions at any time and may designate one or more of several available funds within the Plan in which their contributions are to be invested. Investment elections may be changed at any time. Employees have the flexibility to invest their RIA contribution in any investment fund (except the Parker Stock Fund) offered by the Plan. The available investment funds are:

Mutual funds:

(a)
Vanguard Institutional Index Fund: A mutual fund invested in stocks which comprise the S&P 500 Index.

(b)
Vanguard Extended Market Index Fund: A mutual fund invested primarily in the Standard & Poor’s Completion Index.

(c)
Vanguard Total Bond Market Index Fund: A mutual fund invested in a sampling of assets in the Barclays Capital U.S. Aggregate Float Adjusted Index and maintains a dollar-weighted average maturity consistent with that of the index.

(d)
BlackRock Inflation Protected Bond Fund: A mutual fund invested primarily in inflation-indexed bonds issued by the U.S. and non-U.S. governments, their agencies, and non-U.S. corporations.

(e)
Vanguard Total International Stock Index Fund: This mutual fund employs an indexing investment approach designed to track the investment return of stocks issued by companies located in developed and emerging markets, excluding the United States.

(f)
Aberdeen Emerging Markets Fund: A diversified mutual fund invested primarily in equity securities of emerging market country issuers.

(g)
Dodge and Cox International Stock Fund: A mutual fund invested primarily in equity securities including common stocks, preferred stock, and convertible securities issued by well established non-U.S. companies from at least three different foreign countries, including emerging markets.

(h)
GMO Global Equity Allocation Series Fund: A mutual fund which invests substantially all of its assets in the GMO Global Equity Allocation Fund. Normally, at least 80% of the fund's assets consist of equity investments.


5

Parker Retirement Savings Plan

Notes to Financial Statements
(Dollars in Thousands)






2. Description of the Plan (cont'd)

Common/Collective funds:

(i)
Northern Trust Focus Funds: Twelve common/collective funds which provide a target retirement date investment option to help participants diversify their assets. The Focus Funds are invested in equities, inflation-sensitive securities and fixed income and US Government cash reserves.

(j)
FIAM Small Company Commingled Pool: A common/collective fund invested primarily in equity securities of smaller, growing companies listed on national and regional exchanges.

(k)
RidgeWorth Mid-Cap Value Equity Trust: A common/collective fund invested in a value oriented portfolio of 60 to 80 stocks with emphasis on dividends, valuation and fundamentals.

Equity securities funds:

(l)
Parker Stock Fund: Invested primarily in common shares of the Company purchased on the open market. The Plan restricts participants from investing more than 50% of their account balance in the Parker Stock Fund.

(m)
JPMorgan Analyst Large Cap Core Fund: A managed account with an objective of outperforming the S&P 500 Index by approximately 2% annualized over a market cycle; generally three to five year time frame.

Other:

(n)
PIMCO Total Return Portfolio: A managed account invested primarily in investment funds which have a fixed rate of return such as U.S. government and corporate debt securities, mortgage and other asset-backed securities, U.S. dollar and foreign currency-denominated securities of foreign issuers, and money market instruments.

Fully benefit-responsive contract fund:

(o)
Contract Income Fund: A fully benefit-responsive investment contract fund invested primarily in high-quality fixed income investments such as contracts issued by insurance companies and banks which provide a return guaranteed by the issuer, and debt securities such as notes and bonds issued by Federal agencies or mortgage and other asset-backed securities, with each of these investments typically providing a stable rate of return for a specific period of time. (See Note 5 for a further description of this fund.)


Participant Accounts
The Plan utilizes the unit value method for allocating Plan earnings for all funds. Unit values are determined on a daily basis and exclude contributions receivable and benefits payable.

Parker-Hannifin Corporation Contributions
The Company generally contributes an amount equal to 100% of the first 3 percent and 50% of the 4th percent and 5th percent of the before-tax participant contribution. The Company may also match after-tax participant contributions, but matches only 25% of the 4th percent and 5th percent of after-tax participant contributions. Company contributions match the before-tax contributions prior to the after-tax contributions. Participants may direct their Company matching funds to any investment fund option within the Plan. The Parker Stock Match Fund is the default option for Company matching funds if no other investment fund election is made by the participant. Similar to participant contributions, Company matching contributions may be changed at any time.
Additionally, the Company makes a contribution every year in February to the participants' RIA accounts. The amount of the contribution relates to the prior year and is based on a formula taking into account the participant’s age and years of service.

6

Parker Retirement Savings Plan

Notes to Financial Statements
(Dollars in Thousands)






2. Description of the Plan (cont'd)
Notes Receivable from Participants
The Plan has a loan provision which allows an active participant to borrow a minimum of five hundred dollars and up to the lesser of (a) 50% of their account balance or (b) fifty thousand dollars less the largest outstanding loan balance he/she had in the last 12 months. Participants may not borrow or withdraw any funds from their RIA account. The loan must be repaid, with interest equal to the prime rate at the time the loan is entered into plus 1%, over a period from 1 year to 4 1/2 years for a general purpose loan and up to 10 years for a residential loan. Some participant loans have interest rate and repayment terms that differ from the Plan’s loan provisions as some loans were included in the net assets of a plan transfer into the Plan. Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Upon final liquidation of participant accounts, delinquent loans are reclassified as distributions.
Contribution Receivables
A RIA contribution receivable of $26,899 and $27,678, reflecting the contribution earned by participants in 2016 and 2015 but paid in 2017 and 2016, was recorded at December 31, 2016 and 2015, respectively. For the year ended December 31, 2016 and 2015, the Plan also recorded receivables for Company matching and participants' contributions relating to plan years 2016 and 2015 but credited to participant's accounts during 2017 and 2016 in the amounts of $2,406 and $1,466 and $2,395 and $1,425, respectively.

3. Vesting, Withdrawals and Distributions
Participants are fully vested at all times, except for the RIA. After three years of service, employees are vested in their RIA and may withdraw their RIA money only after termination of employment. In general, a participant’s account is paid out after termination of employment, but under certain circumstances, a participant may withdraw in cash a portion of his/her before-tax and/or after-tax contributions, subject to certain limitations and restrictions.
After a participant terminates employment for any reason, all amounts are distributable to the participant or if the participant is deceased, to the participant’s designated beneficiary. The distribution may be deferred until the age of 70 1/2 if the participant’s account exceeds five thousand dollars. Distributions are made in the form of cash either in a single payment, quarterly installments, or by purchase of an annuity, except that amounts held in the Parker Stock Fund and Parker Stock Match Fund may be distributed in the form of common shares. The Plan provides that mandatory or involuntary lump-sum distributions in an amount in excess of one thousand dollars but less than five thousand dollars shall only be made in the form of an automatic rollover IRA. Dividends received by the Parker Stock Match Fund are either paid to the participants quarterly or annually or reinvested quarterly, at the participants’ election.


4. Investments
 
The following represents the fair value of investments by fund type held by the Plan at December 31, 2016 and 2015:

 
 
2016
 
2015
Cash and cash equivalents
 
$
139

 
$
95

Mutual funds
 
634,072

 
583,350

Equity securities
 
1,559,578

 
1,314,959

Common/Collective funds
 
1,165,079

 
1,068,308

Other
 
138,113

 
130,467

Total investments at fair value
 
$
3,496,981

 
$
3,097,179


7

Parker Retirement Savings Plan

Notes to Financial Statements
(Dollars in Thousands)





5. Contract Income Fund
The Contract Income Fund holds a portfolio of traditional, separate account and synthetic guaranteed investment contracts (GICs) and other short-term securities. The fund is fully benefit-responsive and associated investments are reported at contract value. Contract value is the relevant measure for fully benefit-responsive investment contracts since it is the amount received by participants if they were to initiate permitted transactions under the terms of the Plan. Contract value represents contributions, plus earnings, less participant withdrawals and administrative expenses.
The primary investment objective of the Contract Income Fund is to provide for a stable rate of return while preserving principal. The investments held in the collective trusts can be redeemed daily and without any restriction on the timing of the redemption. At December 31, 2016 and 2015, the Plan had no unfunded commitments related to the investments held in the collective trusts.
The following represents the disaggregation of contract value between types of investment contracts held by the Plan at December 31, 2016 and 2015:
 
 
2016
 
2015
Short-term investment fund
 
$
41,192

 
$
24,004

Traditional GICs
 

 
7,728

Separate account GICs
 
49,299

 
48,236

Fixed maturity synthetic GICs
 
57,128

 
39,028

Constant duration synthetic GICs
 
347,379

 
313,687

 
 
$
494,998

 
$
432,683


Traditional GICs are unsecured, general account obligations of insurance companies. The obligation is backed by the general account assets of the insurance company that writes the investment contract. The crediting rate on this product is typically fixed for the life of the investment. Separate account GICs are investments in a segregated account of assets maintained by an insurance company for the benefit of the investors. The total return of the segregated account assets supports the separate account GICs’ return. The crediting rate on this product will reset periodically and it will have an interest rate of not less than 0%.

General fixed maturity synthetic GICs consist of an asset or collection of assets and a benefit responsive, book value wrap contract purchased for the portfolio. The wrap contract provides book value accounting for the asset and assures that book value, benefit responsive payments will be made for participant directed withdrawals. The crediting rate of the contract is set at the start of the contract and typically resets every quarter. Generally, fixed maturity synthetics are held to maturity. The initial crediting rate is established based on the market interest rates at the time the initial asset is purchased and it will have an interest crediting rate of not less than 0%.
Constant duration synthetic GICs consist of a portfolio of securities and a benefit responsive, book value wrap contract purchased for the portfolio. The wrap contract amortizes gains and losses of the underlying securities over the portfolio duration, and assures that book value, benefit responsive payments will be made for participant-directed withdrawals. The crediting rate on a constant duration synthetic GIC resets every quarter based on the book value of the contract, the market yield of the underlying assets, the market value of the underlying assets and the average duration of the underlying assets.
Withdrawals and transfers resulting from certain events, including employer initiated events and changes in the qualification of the Plan may limit the ability of the fund to transact at book or contract value. These events may cause liquidation of all or a portion of a contract at market value. The Plan Administrator does not believe that the occurrence of any event which would limit the Plan’s ability to transact at book or contract value is probable.

8

Parker Retirement Savings Plan

Notes to Financial Statements
(Dollars in Thousands)




6. Fair Value Measurements
 
The following is a summary of the investments held by the Plan that were measured at fair value on a recurring basis at December 31, 2016:
 
 
Total
 
Quoted Prices
In Active
Markets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Cash and cash equivalents
 
$
139

 
$
139

 
$

 
$

Mutual funds
 
634,072

 
634,072

 

 

Equity securities
 
1,559,578

 
1,559,578

 

 

Total investments in the fair value hierarchy
 
2,193,789

 
$
2,193,789

 
$

 
$

Investments measured at net asset value (a)
 
1,303,192

 
 
 
 
 
 
Investments at fair value
 
$
3,496,981

 
 
 
 
 
 

The following is a summary of the investments held by the Plan that were measured at fair value on a recurring basis at December 31, 2015:
 
 
Total
 
Quoted Prices
In Active
Markets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Cash and cash equivalents
 
$
95

 
$
95

 
$

 
$

Mutual funds
 
583,350

 
583,350

 

 

Equity securities
 
1,314,959

 
1,314,959

 

 

Total investments in the fair value hierarchy
 
1,898,404

 
$
1,898,404

 
$

 
$

Investments measured at net asset value (a)
 
1,198,775

 
 
 
 
 
 
Investments at fair value
 
$
3,097,179

 
 
 
 
 
 

(a)Investments that were measured at net asset value per share (or its equivalent) have not been classified in the fair value hierarchy. These amounts are being presented in the tables above to permit reconciliation of the fair value hierarchy to the amounts presented in the statement of net assets available for benefits.

Refer to Note 2 for fund information included in the fair value tables above. Fair values are transferred between levels of the fair value hierarchy when facts and circumstances indicate that a change in the method of estimating the fair value of a financial asset is warranted. At December 31, 2016 and 2015, there were no transfers between levels of the fair value hierarchy.
The following is a description of the valuation methodologies used to measure the fair values in the tables above. There have been no changes in the methodologies used to measure fair value at December 31, 2016 and 2015.

Cash and cash equivalents: Valued at cost, which approximates fair value.

Mutual funds and equity securities: Measured at fair value using quoted market prices.

Investments measured at net asset value per share and excluded from the fair value hierarchy are common/collective funds in the amount of $1,165,079 and $1,068,308 and the PIMCO Total Return Portfolio in the amount of $138,113 and $130,467, respectively, at December 31, 2016 and 2015. These investments can be redeemed daily and without any restrictions on the timing of the redemption. Redemption of the entire investment balance generally requires at least 30-days notice. At December 31, 2016 and 2015, the Plan had no unfunded commitments related to these investments.

The primary investment objective of all investment funds is to obtain a maximum total return and capital appreciation in an amount that at least equals various market-based benchmarks.

9

Parker Retirement Savings Plan

Notes to Financial Statements
(Dollars in Thousands)





7. Tax Status
The Internal Revenue Service has determined and informed the Company, by letter dated April 4, 2017, that the terms of the Plan and related trust, outlined in its determination filing on January 26, 2016, comply with applicable sections of the Internal Revenue Code (IRC). Since January 26, 2016, the Plan has been amended to provide for various administrative changes. The Plan Administrator believes that the Plan continues to be designed and operated in compliance with the applicable provisions of the IRC.

United States generally accepted accounting principles require plan management to evaluate uncertain tax positions taken by the Plan. The Plan Administrator has concluded that as of December 31, 2016 and 2015, there were no uncertain tax positions taken or expected to be taken by the Plan. The Plan has not recognized any interest or penalties related to uncertain tax positions. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress. 


8. Plan Termination
Although it has not expressed any intent to do so, the Company, by action of its Board of Directors, without further approval by the shareholders, has the right to amend, modify, suspend, or terminate the Plan in its entirety, or as to any subsidiary or operating location. No amendment, modification, suspension, or termination may permit assets held in trust by the trustee to be used for or diverted to purposes other than for the exclusive benefit of participants or their beneficiaries. If the Plan is terminated, all participant accounts would become fully vested.

9. Party-In-Interest
Certain investments that are held by the Plan are investment funds managed by Fidelity Investments (Fidelity). Fidelity Management Trust Company, a subsidiary of Fidelity, is the trustee as defined by the Plan and, therefore, these transactions qualify as party-in-interest transactions.
The Plan also holds shares of Parker-Hannifin Corporation common stock. Investment activity related to these shares qualify as party-in-interest transactions.

10. Plan Transfers
As a result of the Company's acquisitions, two qualified defined contribution plans were merged into the Plan during the plan year ended December 31, 2016. The value of the individual participant accounts did not change as a result of the transfer of assets to the Plan.
The plans identified below were merged into the Plan:
Plan Name
 
Merger Date
 
Assets Transferred
Conflow Inc. 401(k) Savings Plan
 
February 17, 2016
 
$
1,884

Velcon Filters 401(k) Profit Sharing Plan
 
September 27, 2016
 
4,742



11. Reconciliation of Financial Statements to Form 5500
Fully benefit-responsive GICs are recorded on the Form 5500 at fair value in the amount of $495,510 while in the Plan’s financial statements these investments are presented at contract value. Notes receivable from participants are reported on the Form 5500 as participant loans and are considered to be plan investments while in the Plan’s financial statements they are classified as receivables from participants. On Form 5500, the Plan recorded the fair value of $84,406 for participant loans, less $3,038 for deemed distributions to participants, at December 31, 2016.

10

Parker Retirement Savings Plan
Schedule H, Line 4(i) – Schedule of Assets (Held at End of Year)
December 31, 2016
EIN 34-0451060
(Dollars in Thousands)


(a)
 
(b)
Identity of issue, borrower, lessor,
or similar party
 
(c)
Description of investment including maturity date,
rate of interest, collateral, par, or maturity value
 
(d)
Cost
 
(e)
Current
value
*
 
Fidelity Investments
 
Money Market Fund
 
**

 
$
139

 
 
Vanguard Group, Inc.
 
Vanguard Institutional Index Fund
 
**

 
319,352

 
 
Dodge & Cox
 
Dodge and Cox International Stock Fund
 
**

 
103,170

 
 
Black Rock Advisors LLC
 
BlackRock Inflation Protected Bond Fund
 
**

 
22,004

 
 
Vanguard Group, Inc.
 
Vanguard Total Bond Market Index Fund
 
**

 
58,814

 
 
Vanguard Group, Inc.
 
Vanguard Extended Market Index Fund
 
**

 
85,824

 
 
Vanguard Group, Inc.
 
Vanguard Total International Stock Index Fund - Institutional Shares
 
**

 
24,459

 
 
Aberdeen Asset Management Inc.
 
Aberdeen Emerging Markets Fund
 
**

 
14,915

 
 
GMO LLC
 
GMO Global Equity Allocation Series Fund
 
**

 
5,534

 
 
Northern Trust Corporation
 
Northern Trust Focus Income Fund
 
**

 
22,760

 
 
Northern Trust Corporation
 
Northern Trust Focus 2010 Fund
 
**

 
16,810

 
 
Northern Trust Corporation
 
Northern Trust Focus 2015 Fund
 
**

 
61,111

 
 
Northern Trust Corporation
 
Northern Trust Focus 2020 Fund
 
**

 
180,257

 
 
Northern Trust Corporation
 
Northern Trust Focus 2025 Fund
 
**

 
210,541

 
 
Northern Trust Corporation
 
Northern Trust Focus 2030 Fund
 
**

 
152,866

 
 
Northern Trust Corporation
 
Northern Trust Focus 2035 Fund
 
**

 
105,088

 
 
Northern Trust Corporation
 
Northern Trust Focus 2040 Fund
 
**

 
82,099

 
 
Northern Trust Corporation
 
Northern Trust Focus 2045 Fund
 
**

 
33,784

 
 
Northern Trust Corporation
 
Northern Trust Focus 2050 Fund
 
**

 
37,492

 
 
Northern Trust Corporation
 
Northern Trust Focus 2055 Fund
 
**

 
11,507

 
 
Northern Trust Corporation
 
Northern Trust Focus 2060 Fund
 
**

 
1,936

*
 
Fidelity Institutional Asset Mgmt
 
FIAM Small Company Commingled Pool
 
**

 
177,704

 
 
RidgeWorth Investments
 
RidgeWorth Mid-Cap Value Equity Trust
 
**

 
71,124

 
 
Standish Mellon Asset Mgmt
 
Contract Income Fund
 
**

 
495,510

 
 
PIMCO Investments LLC
 
Short-Term Investment Funds
 
**

 
13,880

 
 
PIMCO Investments LLC
 
PIMCO PRIV US GOVT SEC Fund, 2.38%, 06/01/2038
 
**

 
28,158

 
 
PIMCO Investments LLC
 
PIMCO PRIV Real Return Bond SEC, 2.16%, 05/01/2030
 
**

 
13,057

 
 
PIMCO Investments LLC
 
PIMCO PRIV Mortgage SEC Fund, 2.95%, 04/01/2025
 
**

 
31,363

 
 
PIMCO Investments LLC
 
PIMCO PRIV High Yield SEC Fund, 6.63%, 02/01/2024
 
**

 
7,154

 
 
PIMCO Investments LLC
 
PIMCO PRIV Investment Grade CORP SEC, 4.95%, 06/01/2023
 
**

 
20,999

 
 
PIMCO Investments LLC
 
PIMCO PRIV ABS Sector Fund, 2.15%, 3/1/2019
 
**

 
12,090

 
 
PIMCO Investments LLC
 
PIMCO MUNI Sector Fund PORTF, 5.74%, 08/01/2022
 
**

 
1,597

 
 
PIMCO Investments LLC
 
PIMCO PRIV EMERG MKT SECT, 4.57%, 06/01/2019
 
**

 
4,473

 
 
PIMCO Investments LLC
 
PIMCO PRIV INTL Sector Fund, 1.24%, 03/01/2029
 
**

 
5,342

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
AVALONBAY COMMUNITIES INC; 10,948 SHARES
 
**

 
1,939


11

Parker Retirement Savings Plan
Schedule H, Line 4(i) – Schedule of Assets (Held at End of Year)
December 31, 2016
EIN 34-0451060
(Dollars in Thousands)


(a)
 
(b)
Identity of issue, borrower, lessor,
or similar party
 
(c)
Description of investment including maturity date,
rate of interest, collateral, par, or maturity value
 
(d)
Cost
 
(e)
Current
value
 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
KIMCO REALTY CORP; 51,848 SHARES
 
**

 
1,304

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
AT&T INC; 83,319 SHARES
 
**

 
3,544

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
ABBOTT LABORATORIES; 45,170 SHARES
 
**

 
1,735

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
ADOBE SYSTEMS INC; 32,441 SHARES
 
**

 
3,340

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
AETNA INC; 12,995 SHARES
 
**

 
1,612

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
AGILENT TECHNOLOGIES INC; 17,181 SHARES
 
**

 
783

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
ALPHABET INC-CL C; 11,912 SHARES
 
**

 
9,194

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
AMAZON.COM INC; 6,543 SHARES
 
**

 
4,906

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
AMEREN CORPORATION; 21,006 SHARES
 
**

 
1,102

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
ANADARKO PETROLEUM CORP; 23,298 SHARES
 
**

 
1,625

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
ANALOG DEVICES INC; 32,892 SHARES
 
**

 
2,389

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
APPLE INC; 56,594 SHARES
 
**

 
6,555

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
BANK OF AMERICA CORP; 237,367 SHARES
 
**

 
5,246

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
BANK OF NEW YORK MELLON CORP; 46,625 SHARES
 
**

 
2,209

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
BIOMARIN PHARMACEUTICAL INC; 8,775 SHARES
 
**

 
727

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
BIOGEN INC; 7,690 SHARES
 
**

 
2,181

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
BOSTON SCIENTIFIC CORP; 121,596 SHARES
 
**

 
2,630

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
BRISTOL-MYERS SQUIBB CO; 43,392 SHARES
 
**

 
2,536

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
CMS ENERGY CORP; 20,979 SHARES
 
**

 
873

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
CANADIAN PACIFIC RAILWAY LTD; 13,090 SHARES
 
**

 
1,869

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
CELGENE CORP; 24,942 SHARES
 
**

 
2,887

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
CHARTER COMMUNICATIONS INC-A; 10,367 SHARES
 
**

 
2,985

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
CHENIERE ENERGY INC; 20,902 SHARES
 
**

 
866

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
CITIGROUP INC; 78,808 SHARES
 
**

 
4,684

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
COMCAST CORP-CLASS A; 44,807 SHARES
 
**

 
3,094


12

Parker Retirement Savings Plan
Schedule H, Line 4(i) – Schedule of Assets (Held at End of Year)
December 31, 2016
EIN 34-0451060
(Dollars in Thousands)


(a)
 
(b)
Identity of issue, borrower, lessor,
or similar party
 
(c)
Description of investment including maturity date,
rate of interest, collateral, par, or maturity value
 
(d)
Cost
 
(e)
Current
value
 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
CONCHO RESOURCES INC; 12,934 SHARES
 
**

 
1,715

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
CONSTELLATION BRANDS INC-A; 8,976 SHARES
 
**

 
1,376

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
COSTCO WHOLESALE CORP; 14,432 SHARES
 
**

 
2,311

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
CROWN HOLDINGS INC; 21,454 SHARES
 
**

 
1,128

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
DR HORTON INC; 19,975 SHARES
 
**

 
546

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
DELTA AIR LINES INC; 23,150 SHARES
 
**

 
1,139

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
DIAMONDBACK ENERGY INC; 22,564 SHARES
 
**

 
2,280

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
WALT DISNEY CO/THE; 20,794 SHARES
 
**

 
2,167

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
DISCOVER FINANCIAL SERVICES; 37,682 SHARES
 
**

 
2,716

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
DISH NETWORK CORP-A; 26,654 SHARES
 
**

 
1,544

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
DU PONT (E.I.) DE NEMOURS; 36,854 SHARES
 
**

 
2,705

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
EOG RESOURCES INC; 37,583 SHARES
 
**

 
3,800

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
EQT CORP; 38,395 SHARES
 
**

 
2,511

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
EAST WEST BANCORP INC; 15,075 SHARES
 
**

 
766

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
EASTMAN CHEMICAL CO; 31,565 SHARES
 
**

 
2,374

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
EDISON INTERNATIONAL; 21,674 SHARES
 
**

 
1,560

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
FACEBOOK INC-A; 42,621 SHARES
 
**

 
4,904

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
FIDELITY NATIONAL INFO SERV; 27,187 SHARES
 
**

 
2,056

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
ARTHUR J GALLAGHER & CO; 19,873 SHARES
 
**

 
1,033

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
GENERAL DYNAMICS CORP; 9,492 SHARES
 
**

 
1,639

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
GENERAL ELECTRIC CO; 179,791 SHARES
 
**

 
5,681

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
GENERAL MOTORS CO; 40,234 SHARES
 
**

 
1,402

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
GILEAD SCIENCES INC; 7,893 SHARES
 
**

 
565

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
HP INC; 91,508 SHARES
 
**

 
1,358

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
HARMAN INTERNATIONAL; 3,871 SHARES
 
**

 
430


13

Parker Retirement Savings Plan
Schedule H, Line 4(i) – Schedule of Assets (Held at End of Year)
December 31, 2016
EIN 34-0451060
(Dollars in Thousands)


(a)
 
(b)
Identity of issue, borrower, lessor,
or similar party
 
(c)
Description of investment including maturity date,
rate of interest, collateral, par, or maturity value
 
(d)
Cost
 
(e)
Current
value
 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
HARTFORD FINANCIAL SVCS GRP; 32,186 SHARES
 
**

 
1,534

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
HOME DEPOT INC; 17,839 SHARES
 
**

 
2,392

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
HONEYWELL INTERNATIONAL INC; 36,186 SHARES
 
**

 
4,192

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
HUMANA INC; 7,196 SHARES
 
**

 
1,468

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
ILLUMINA INC; 5,738 SHARES
 
**

 
735

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
INTERCONTINENTAL EXCHANGE IN; 34,000 SHARES
 
**

 
1,918

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
KEYCORP; 101,588 SHARES
 
**

 
1,856

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
KIMBERLY-CLARK CORP; 6,914 SHARES
 
**

 
789

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
KRAFT HEINZ CO/THE; 12,900 SHARES
 
**

 
1,126

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
KROGER CO; 46,393 SHARES
 
**

 
1,601

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
LAM RESEARCH CORP; 5,007 SHARES
 
**

 
529

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
ELI LILLY & CO; 40,318 SHARES
 
**

 
2,965

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
LOWE'S COS INC; 51,640 SHARES
 
**

 
3,673

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
MASCO CORP; 59,810 SHARES
 
**

 
1,891

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
MERCK & CO. INC.; 23,598 SHARES
 
**

 
1,389

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
METLIFE INC; 44,767 SHARES
 
**

 
2,412

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
MICROSOFT CORP; 134,967 SHARES
 
**

 
8,387

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
MOLSON COORS BREWING CO -B; 21,754 SHARES
 
**

 
2,117

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
MONDELEZ INTERNATIONAL INC-A; 61,960 SHARES
 
**

 
2,747

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
MORGAN STANLEY; 73,580 SHARES
 
**

 
3,109

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
MOSAIC CO/THE; 30,036 SHARES
 
**

 
881

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
NEXTERA ENERGY INC; 20,522 SHARES
 
**

 
2,452

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
NORTHROP GRUMMAN CORP; 4,272 SHARES
 
**

 
994

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
NVIDIA CORP; 7,533 SHARES
 
**

 
804

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
O'REILLY AUTOMOTIVE INC; 5,006 SHARES
 
**

 
1,394


14

Parker Retirement Savings Plan
Schedule H, Line 4(i) – Schedule of Assets (Held at End of Year)
December 31, 2016
EIN 34-0451060
(Dollars in Thousands)


(a)
 
(b)
Identity of issue, borrower, lessor,
or similar party
 
(c)
Description of investment including maturity date,
rate of interest, collateral, par, or maturity value
 
(d)
Cost
 
(e)
Current
value
 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
ON SEMICONDUCTOR CORP; 68,253 SHARES
 
**

 
871

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
P G & E CORP; 20,313 SHARES
 
**

 
1,234

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
PACCAR INC; 20,667 SHARES
 
**

 
1,321

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
PEPSICO INC; 40,161 SHARES
 
**

 
4,202

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
PFIZER INC; 131,399 SHARES
 
**

 
4,268

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
PHILIP MORRIS INTERNATIONAL; 8,960 SHARES
 
**

 
820

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
PIONEER NATURAL RESOURCES CO; 19,676 SHARES
 
**

 
3,543

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
PROCTER & GAMBLE CO/THE; 19,322 SHARES
 
**

 
1,625

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
PULTEGROUP INC; 38,916 SHARES
 
**

 
715

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
REYNOLDS AMERICAN INC; 38,405 SHARES
 
**

 
2,152

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
SVB FINANCIAL GROUP; 6,980 SHARES
 
**

 
1,198

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
SCHLUMBERGER LTD; 31,818 SHARES
 
**

 
2,671

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
SCHWAB (CHARLES) CORP; 60,507 SHARES
 
**

 
2,388

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
SNAP-ON INC; 5,299 SHARES
 
**

 
908

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
STANLEY BLACK & DECKER INC; 19,510 SHARES
 
**

 
2,238

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
STARBUCKS CORP; 44,067 SHARES
 
**

 
2,447

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
TJX COMPANIES INC; 41,616 SHARES
 
**

 
3,127

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
TEXAS INSTRUMENTS INC; 41,554 SHARES
 
**

 
3,032

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
TIME WARNER INC; 6,500 SHARES
 
**

 
627

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
TOLL BROTHERS INC; 22,087 SHARES
 
**

 
685

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
TRANSCANADA CORP; 23,559 SHARES
 
**

 
1,064

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
TWENTY-FIRST CENTURY FOX-A; 59,512 SHARES
 
**

 
1,669

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
UNION PACIFIC CORP; 26,503 SHARES
 
**

 
2,748

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
UNITED CONTINENTAL HOLDINGS; 28,518 SHARES
 
**

 
2,078

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
UNITEDHEALTH GROUP INC; 28,286 SHARES
 
**

 
4,527


15

Parker Retirement Savings Plan
Schedule H, Line 4(i) – Schedule of Assets (Held at End of Year)
December 31, 2016
EIN 34-0451060
(Dollars in Thousands)


(a)
 
(b)
Identity of issue, borrower, lessor,
or similar party
 
(c)
Description of investment including maturity date,
rate of interest, collateral, par, or maturity value
 
(d)
Cost
 
(e)
Current
value
 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
VERTEX PHARMACEUTICALS INC; 22,291 SHARES
 
**

 
1,642

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
VISA INC-CLASS A SHARES; 50,406 SHARES
 
**

 
3,933

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
WALGREENS BOOTS ALLIANCE INC; 23,175 SHARES
 
**

 
1,918

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
WELLS FARGO & CO; 103,681 SHARES
 
**

 
5,714

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
WESTROCK CO; 15,710 SHARES
 
**

 
798

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
WORKDAY INC-CLASS A; 14,097 SHARES
 
**

 
932

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
XCEL ENERGY INC; 30,175 SHARES
 
**

 
1,228

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
ALLEGION PLC; 22,909 SHARES
 
**

 
1,466

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
ALLERGAN PLC; 15,390 SHARES
 
**

 
3,232

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
ACCENTURE PLC-CL A; 20,399 SHARES
 
**

 
2,389

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
DELPHI AUTOMOTIVE PLC; 19,907 SHARES
 
**

 
1,341

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
EATON CORP PLC; 29,013 SHARES
 
**

 
1,946

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
EVEREST RE GROUP LTD; 3,093 SHARES
 
**

 
669

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
CHUBB LTD; 16,486 SHARES
 
**

 
2,178

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
TE CONNECTIVITY LTD; 25,307 SHARES
 
**

 
1,753

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
NXP SEMICONDUCTORS NV; 7,487 SHARES
 
**

 
734

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
ROYAL CARIBBEAN CRUISES LTD; 19,125 SHARES
 
**

 
1,569

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
BROADCOM LTD; 32,898 SHARES
 
**

 
5,815

 
 
JPMorgan Inv. Mgmt Co - JPMorgan Analyst Large Cap Core Fund

 
CASH INCLUDING MONEY MARKET AND FUTURES ACCOUNTS
 
**

 
5,695

*
 
Parker-Hannifin Corporation
 
Parker Stock Fund (1,897,353 shares)
 
**

 
270,770

    *
 
Parker-Hannifin Corporation
 
Parker Stock Match Fund (7,180,809 shares)
 
**

 
1,015,822

    *
 
Participant Loans
 
Participant Loans - 3.25% - 9.25%, maturing through 2026
 
**

 
81,368

 
 
Total
 
 
 
$

 
$
4,073,859

 
 
* Denotes Party-in-Interest
 
 
 
 
 
 
 
 
** Cost information is not required for participant-directed investments
 

 



16


SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Administrator of the Plan has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
 
PARKER RETIREMENT SAVINGS PLAN
 
 
BY:
 
Parker-Hannifin Corporation,
 
 
Plan Administrator
 
 
BY:
 
/s/ Catherine A. Suever
 
 
Catherine A. Suever
 
 
Executive Vice President--Finance & Administration and Chief Financial Officer
Parker-Hannifin Corporation,
Plan Administrator
June 27, 2017



17



Consent of Independent Registered Public Accounting Firm
We consent to the incorporation by reference in the Registration Statements (Nos. 333-130123 and 333-186733) on Form S-8 of Parker-Hannifin Corporation of our report dated June 27, 2017, relating to our audit of the financial statements and supplement schedule of the Parker Retirement Savings Plan, which appears in this Annual Report on Form 11-K of the Parker Retirement Savings Plan for the year ended December 31, 2016.
/s/ RSM US LLP
Cleveland, Ohio
June 27, 2017



18