SEC Form 4 · accession 0001137789-16-000055
Seagate Technology Holdings plc · STX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Re
Officer — SVP & CTO
Period of report
Sep 26, 2016
Accepted (ET)
Sep 28, 2016 · 5:08 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 | Sep 26, 2016 | A | 10,702 | $0.00 | A | 65,111 | D | |
| Ordinary SharesF2 | Sep 27, 2016 | F | 4,022 | $0.00 | D | 61,089 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On September 26, 2016, the Compensation Committee of the Board of Directors of the Issuer determined that the performance conditions were met with respect to 10,702 of the 10,920 Performance Share Units granted to Mr. Re on September 9, 2013. Achievement of performance objectives resulted in the Reporting Person earning Ordinary Shares in the amount of 98% of the Performance Share Units granted. The 10,702 Ordinary Shares vested on September 26, 2016.
- F2These Ordinary Shares are withheld securities to cover tax liabilities incident to the vesting of the above-listed Performance Share Units in accordance with Rule 16b-3.