diff --git a/bin/pt-stalk b/bin/pt-stalk
index a7670940..2bc7b94b 100755
--- a/bin/pt-stalk
+++ b/bin/pt-stalk
@@ -832,9 +832,7 @@ collect() {
       $CMD_MYSQLADMIN $EXT_ARGV debug
    else
       log "Could not find the MySQL error log"
-   fi
-
-
+   fi 
    if [ "${mysql_version}" '>' "5.1" ]; then
       local mutex="SHOW ENGINE INNODB MUTEX"
    else
@@ -960,6 +958,10 @@ collect() {
          ps_locks_transactions "$d/$p-ps-locks-transactions"
       fi
 
+      if [ "${mysql_version}" '>' "5.6" ]; then
+         (echo $ts; ps_prepared_statements) >> "$d/$p-prepared-statements" &
+      fi
+
       slave_status "$d/$p-slave-status" "${mysql_version}" 
 
       curr_time=$(date +'%s')
@@ -1126,6 +1128,13 @@ ps_locks_transactions() {
 
 }
 
+ps_prepared_statements() {
+   $CMD_MYSQL $EXT_ARGV -e "SELECT t.processlist_id, pse.* \
+                            FROM performance_schema.prepared_statements_instances pse \
+                            JOIN performance_schema.threads t \
+                            ON (pse.OWNER_THREAD_ID=t.thread_id)\G"
+}
+
 slave_status() {
    local outfile=$1
    local mysql_version=$2
diff --git a/lib/bash/collect.sh b/lib/bash/collect.sh
index 03a51c70..c3f8f221 100644
--- a/lib/bash/collect.sh
+++ b/lib/bash/collect.sh
@@ -100,9 +100,7 @@ collect() {
       $CMD_MYSQLADMIN $EXT_ARGV debug
    else
       log "Could not find the MySQL error log"
-   fi
-
-
+   fi 
    # Get a sample of these right away, so we can get these without interaction
    # with the other commands we're about to run.
    if [ "${mysql_version}" '>' "5.1" ]; then
@@ -252,6 +250,10 @@ collect() {
          ps_locks_transactions "$d/$p-ps-locks-transactions"
       fi
 
+      if [ "${mysql_version}" '>' "5.6" ]; then
+         (echo $ts; ps_prepared_statements) >> "$d/$p-prepared-statements" &
+      fi
+
       slave_status "$d/$p-slave-status" "${mysql_version}" 
 
       curr_time=$(date +'%s')
@@ -430,6 +432,13 @@ ps_locks_transactions() {
 
 }
 
+ps_prepared_statements() {
+   $CMD_MYSQL $EXT_ARGV -e "SELECT t.processlist_id, pse.* \
+                            FROM performance_schema.prepared_statements_instances pse \
+                            JOIN performance_schema.threads t \
+                            ON (pse.OWNER_THREAD_ID=t.thread_id)\G"
+}
+
 slave_status() {
    local outfile=$1
    local mysql_version=$2
diff --git a/t/pt-stalk/pt-stalk.t b/t/pt-stalk/pt-stalk.t
index a78d24fe..4f451f40 100644
--- a/t/pt-stalk/pt-stalk.t
+++ b/t/pt-stalk/pt-stalk.t
@@ -528,9 +528,56 @@ SKIP: {
    );
 }
 
+# ###########################################################################
+# Test report about performance schema prepared_statements_instances in MySQL 5.7+
+# ###########################################################################
+
+cleanup();
+
+SKIP: {
+
+   skip "Only test on mysql 5.7" if ( $sandbox_version lt '5.7' );
+
+   sub start_thread_1642750 {
+      # this must run in a thread because we need to have an active session
+      # with prepared statements
+      my ($dsn_opts) = @_;
+      my $dp = new DSNParser(opts=>$dsn_opts);
+      my $sb = new Sandbox(basedir => '/tmp', DSNParser => $dp);
+      my $dbh = $sb->get_dbh_for('master');
+      $sb->load_file('master', "t/pt-stalk/samples/issue-1642750.sql");
+   }
+   my $thr = threads->create('start_thread_1642750', $dsn_opts);
+   $thr->detach();
+   threads->yield();
+
+   my $cmd = "$trunk/bin/pt-stalk --no-stalk --iterations=1 --host=127.0.0.1 --port=12345 --user=msandbox "
+           . "--password=msandbox --sleep 0 --run-time=10 --dest $dest --log $log_file --pid $pid_file  "
+           . "--defaults-file=$cnf >$log_file 2>&1";
+
+   system($cmd);
+   sleep 15;
+   PerconaTest::kill_program(pid_file => $pid_file);
+
+   $output = `cat $dest/*-prepared-statements 2>/dev/null`;
+   like(
+      $output,
+      qr/ STATEMENT_NAME: rand_statement/,
+      "MySQL 5.7 prepared statement: rand_statement"
+   );
+
+   like(
+      $output,
+      qr/ STATEMENT_NAME: abs_statement/,
+      "MySQL 5.7 prepared statement: abs_statement"
+   );
+}
+
 # #############################################################################
 # Done.
 # #############################################################################
+
+
 cleanup();
 diag(`rm -rf $dest 2>/dev/null`);
 ok($sb->ok(), "Sandbox servers") or BAIL_OUT(__FILE__ . " broke the sandbox");
diff --git a/t/pt-stalk/samples/issue-1642750.sql b/t/pt-stalk/samples/issue-1642750.sql
new file mode 100644
index 00000000..2ea2c15e
--- /dev/null
+++ b/t/pt-stalk/samples/issue-1642750.sql
@@ -0,0 +1,11 @@
+/* Prepare two statements*/
+
+SET @random_statement_prepare = 'SELECT RAND() AS rand';
+PREPARE rand_statement FROM @random_statement_prepare;
+
+SET @absolute_value_statement_prepare = 'SELECT ABS(?) AS abs_A';
+PREPARE abs_statement FROM @absolute_value_statement_prepare;
+
+/* Wait to let pt-stalk to collect the data and find these prepare  statements */
+SELECT SLEEP(11);
+