SEC Form 4 · accession 0001209191-15-070426
Seagate Technology Holdings plc · STX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip G Brace
Officer — President, CSES
Period of report
Sep 9, 2015
Accepted (ET)
Sep 11, 2015 · 9:26 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 | holding | — | — | — | 9,930 | 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 OptionsF2 | $50.10 | Sep 9, 2015 | A | 77,754 | A | Sep 9, 2016 | Sep 9, 2022 | Ordinary Shares | 77,754 | 77,754 | D |
Explanation of responses
- F1On September 2, 2015, 6,320 Ordinary Shares beneficially and directly owned by the Reporting Person were cancelled in connection with a net share settlement.
- F2Options granted to the Reporting Person under the Issuer's 2012 Equity Incentive Plan are subject to a four year vesting schedule. Subject to continuous employment, one quarter of the option shares will vest on September 9, 2016. The remaining option shares will vest in equal monthly installments over the 36 months following September 9, 2016.