SEC Form 4 · accession 0001137789-18-000060
Seagate Technology Holdings plc · STX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen J Luczo
Officer — Executive Chairman & COB · Director
Period of report
Sep 11, 2018
Accepted (ET)
Sep 12, 2018 · 9:16 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 | Sep 11, 2018 | M | 70,004 | $0.00 | A | 70,004 | D | |
| Ordinary SharesF1,F2 | Sep 11, 2018 | F | 34,708 | $48.98 | D | 771,907 | I | Stephen J. Luczo Revocable Trust dated January 26, 2001 |
| Ordinary Shares | holding | — | — | — | 381,411 | I | Stephen J. Luczo 2016 GRAT | |
| Ordinary Shares | holding | — | — | — | 250,000 | I | Stephen J. Luczo 2017 GRAT |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitF3,F4 | — | Sep 11, 2018 | M | 70,004 | D | — | — | Ordinary Shares | 70,004 | 140,013 | D |
Explanation of responses
- F1These Ordinary Shares are withheld securities to cover tax liabilities incident to the vesting of Restricted Share Units ("RSUs").
- F2On September 12, 2018, the Reporting Person transferred 35,296 Ordinary Shares previously owned directly to the Stephen J. Luczo Revocable Trust dated January 26, 2001.
- F3Each RSU represents a contingent right to receive one Ordinary Share of the Issuer.
- F4The RSUs, originally granted to the Reporting Person under the Seagate Technology plc 2012 Equity Incentive Plan (the "Plan") for 210,017 shares of which 70,004 shares have been released, vest as to one-third of the shares on September 11, 2018 and each one-year anniversary thereafter.