SEC Form 4 · accession 0001137789-18-000084
Seagate Technology Holdings plc · STX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chong Sup Park
Director
Period of report
Oct 18, 2018
Accepted (ET)
Oct 22, 2018 · 6:11 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 | Oct 18, 2018 | M | 8,094 | $0.00 | A | 16,809 | D | |
| Ordinary SharesF1,F2 | Oct 18, 2018 | F | 2,914 | $43.76 | D | 32,527 | I | The Park Family Trust |
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 | $0.00 | Oct 18, 2018 | M | 8,094 | D | — | — | Ordinary Shares | 8,094 | 0 | D |
Explanation of responses
- F1These Ordinary Shares are withheld securities to cover tax liabilities incident to the vesting of Restricted Share Units ("RSUs").
- F2On October 19, 2018, the Reporting Person transferred 5,180 Ordinary Shares previously owned directly (8,094 Ordinary Shares vested on October 18, 2018 minus 2,914 Ordinary Shares withheld to cover tax liabilities) to The Park Family Trust. The total of 32,527 shares held by The Park Family Trust also reflects a transfer of 8,715 Ordinary Shares, previously reported as directly owned by the Reporting Person, to The Park Family Trust.
- F3Each RSU represents a contingent right to receive one Ordinary Share of the Issuer. This award vested one year from the date of grant.