SEC Form 4 · accession 0001209191-15-072044
Seagate Technology Holdings plc · STX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David H Morton Jr.
Officer — SVP, FINANCE, TREASURER & PAO
Period of report
Sep 10, 2015
Accepted (ET)
Sep 23, 2015 · 9:04 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 10, 2015 | F | 922 | $50.10 | D | 24,141 | D | |
| Ordinary Shares | Sep 11, 2015 | F | 1,034 | $49.22 | D | 23,107 | D | |
| Ordinary Shares | Sep 14, 2015 | F | 1,100 | $48.94 | D | 22,007 | D | |
| Ordinary SharesF2 | Sep 21, 2015 | A | 4,396 | $0.00 | A | 26,403 | D | |
| Ordinary Shares | Sep 23, 2015 | F | 2,079 | $46.20 | D | 24,324 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reporting of this transaction was delayed due to an administrative error in connection with the Issuer's adoption of a net share settlement program for taxes incurred by officers upon the vesting of equity awards.
- F2On September 21, 2015, the Compensation Committee of the Board of Directors of the Issuer determined that the performance conditions were met with respect 4,396 of the 5,600 Performance Share Units granted to Mr. Morton on September 10, 2012. Achievement of performance objectives resulted in the Reporting Person earning Ordinary Shares in the amount of 157% of the Performance Share Units granted. The 4,396 Ordinary Shares vested on September 21, 2015.