SEC Form 4 · accession 0001137789-17-000048
Seagate Technology Holdings plc · STX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen J Luczo
Officer — Chairman & CEO · Director
Period of report
Sep 8, 2017
Accepted (ET)
Sep 12, 2017 · 9:29 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 | Aug 17, 2017 | G | 10,000 | $0.00 | D | 1,214,158 | I | Stephen J Luczo Revocable Trust dated January 26, 2001 |
| Ordinary Shares | Sep 8, 2017 | M | 34,375 | $11.065 | A | 87,735 | D | |
| Ordinary SharesF2 | Sep 9, 2017 | F | 6,236 | $0.00 | D | 81,499 | D | |
| Ordinary SharesF2 | Sep 9, 2017 | F | 7,422 | $0.00 | D | 74,077 | 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 OptionsF3 | $11.065 | Sep 8, 2017 | M | 34,375 | D | — | Sep 13, 2017 | Ordinary Shares | 34,375 | 0 | D |
| Restricted Share UnitF4 | $0.00 | Sep 11, 2017 | A | 210,017 | A | — | — | Ordinary Shares | 210,017 | 210,017 | D |
Explanation of responses
- F1On August 17, 2017, the Reporting Person gifted 10,000 Ordinary Shares from the Stephen J. Luczo Revocable Trust dated January 26, 2001.
- F2These 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.
- F3Options granted to the Reporting Person under the Seagate Technology 2001 Stock Option Plan are subject to a four-year vesting schedule. One quarter of the options vested on September 13, 2011. Following continuous employment, the remaining options vested proportionately over the 36 months following September 13, 2011.
- F4Consists of a grant of restricted stock units 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 three anniversaries of September 11, 2017.