SEC Form 4 · accession 0001137789-16-000041
Seagate Technology Holdings plc · STX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Regan J MacPherson
Officer — SVP and General Counsel
Period of report
Sep 9, 2016
Accepted (ET)
Sep 13, 2016 · 6:52 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001137789
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1,F2 | Sep 12, 2016 | F | 916 | $0.00 | D | 13,612 | D | |
| Oridnary SharesF2 | Sep 9, 2016 | A | 9,394 | $0.00 | A | 19,793 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NQ Stock OptionsF4 | $36.09 | Sep 9, 2016 | A | 32,918 | A | Sep 9, 2017 | Sep 9, 2023 | Ordinary Shares | 32,918 | 32,918 | D |
| NQ Stock OptionsF5 | $36.54 | holding | — | — | — | Mar 21, 2017 | Mar 21, 2023 | Ordinary Shares | 0 | 61,729 | D |
Explanation of responses
- F1These Ordinary Shares are withheld securities to cover tax liabilities incident to the vesting of securities previously reported on one or more Forms 4 by the Reporting Person in accordance with Rule 16b-3.
- F2Includes 119 Ordinary Shares purchased by Reporting Person on July 29, 2016 under the Issuer's Employee Stock Purchase Plan. Such acquisition is exempt from reporting pursuant to Rule 16b-3 under the Securities Exchange Act of 1934.
- F3Consists of a grant of restricted stock units, of which 9,394 remain outstanding, awarded to the Reporting Person under the Seagate Technology plc 2012 Equity Incentive Plan (the "Plan"). The restricted stock units will be converted into ordinary shares on a one-for-one basis. Subject to the Reporting Person's continuous employment, such restricted stock units will be settled in ordinary shares in equal installments on each of the first four anniversaries of September 9, 2016.
- F4Options granted to the Reporting Person under the Issuer's 2012 Equity Incentive Plan are subject to a four year vesting schedule. Subject to continuous employment, one quarter of the option shares will vest on September 9, 2017. The remaining option shares will vest in equal monthly installments over the 36 months following September 9, 2017.
- F5On a Form 4 filed on behalf of the Reporting Person on March 22, 2016, the number of derivative securities beneficially owned following the transaction was inadvertently aggregated and multiple classes of options were reported in Column 9. The correct number of derivative securities is now listed for this class of option.