SEC Form 4 · accession 0001137789-18-000097
Seagate Technology Holdings plc · STX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Judy Bruner
Director
Period of report
Oct 29, 2018
Accepted (ET)
Oct 31, 2018 · 5:41 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 29, 2018 | M | 5,285 | $0.00 | A | 5,285 | D | |
| Ordinary SharesF1,F2 | Oct 29, 2018 | F | 1,903 | $37.83 | D | 3,382 | I | The Bruner Living 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 29, 2018 | M | 5,285 | D | — | — | Ordinary Shares | 5,285 | 0 | D |
| Restricted Share UnitF4 | $0.00 | Oct 30, 2018 | A | 5,146 | A | — | — | Ordinary Shares | 5,146 | 5,146 | 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 30, 2018, the Reporting Person transferred 3,382 Ordinary Shares previously owned directly (5,285 Ordinary Shares acquired upon release of RSUs on October 29, 2018 minus 1,903 Ordinary Shares withheld to cover tax liabilities) to The Bruner Living Trust, of which the Reporting Person serves as a grantor and a trustee.
- F3Each RSU represents a contingent right to receive one Ordinary Share of the Issuer. The award vested on the date prior to the annual general meeting of the shareholders of the Issuer following the end of the fiscal year ending June 29, 2018.
- F4Consists of a grant of RSUs awarded to the Reporting Person under the Amended and Restated Seagate Technology plc 2012 Equity Incentive Plan for no consideration. Each RSU represents a contingent right to receive one Ordinary Share of the Issuer. Subject to the Reporting Person's continuous service with the Issuer, shares will be released to the Reporting Person on the earlier of (i) one year from the date of grant and (ii) one day prior to the next annual general meeting of the shareholders of the Issuer following the end of the fiscal year ending on June 28, 2019.