SEC Form 4 · accession 0001137789-17-000037
Seagate Technology Holdings plc · STX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Katherine Schuelke
Officer — SVP, CLO & Corporate Secretary
Period of report
Jul 20, 2017
Accepted (ET)
Jul 21, 2017 · 2:48 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 Shares | Jul 20, 2017 | A | 27,670 | $0.00 | A | 27,670 | 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 OptionF2 | $39.42 | Jul 20, 2017 | A | 110,680 | A | Jul 20, 2018 | Jul 20, 2024 | Ordinary Shares | 110,680 | 110,680 | D |
Explanation of responses
- F1Consists of a grant of restricted share units, of which 27,670 remain outstanding, awarded to the Reporting Person under the Seagate Technology plc 2012 Equity Incentive Plan (the "Plan"). The restricted share units will be converted into ordinary shares on a one-for-one basis. Subject to the Reporting Person's continuous employment, such restricted share units will be settled in ordinary shares in equal installments on each of the first four anniversaries of July 20, 2017.
- F2Options granted to the Reporting Person under the Seagate Technology plc 2012 Equity Incentive Plan (the "Plan") are subject to a four-year vesting schedule. Subject to continuous employment, one quarter of the options will vest on July 20, 2018. The remaining options will vest in equal monthly installments over the 36 months following July 20, 2018.