SEC Form 4 · accession 0001209191-15-072046
Seagate Technology Holdings plc · STX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick J O'Malley
Officer — EVP & Chief Financial Officer
Period of report
Sep 10, 2015
Accepted (ET)
Sep 23, 2015 · 9:10 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 | 2,819 | $50.10 | D | 116,756 | D | |
| Ordinary Shares | Sep 10, 2015 | F | 92 | $50.10 | D | 1,258 | I | By spouse |
| Ordinary Shares | Sep 11, 2015 | F | 2,361 | $49.22 | D | 114,395 | D | |
| Ordinary Shares | Sep 11, 2015 | F | 111 | $49.22 | D | 1,147 | I | By spouse |
| Ordinary Shares | Sep 14, 2015 | F | 7,632 | $48.94 | D | 106,763 | D | |
| Ordinary SharesF2 | Sep 21, 2015 | A | 62,800 | $0.00 | A | 169,563 | D | |
| Ordinary SharesF3 | Sep 21, 2015 | A | 995 | $0.00 | A | 2,142 | I | By spouse |
| Ordinary Shares | Sep 23, 2015 | F | 32,770 | $46.20 | D | 136,793 | D | |
| Ordinary Shares | holding | — | — | — | 401,557 | I | Patrick J. O'Malley III Separate Property Trust |
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 to 62,800 of the 80,000 Performance Share Units granted to Mr. O'Malley 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 62,800 Ordinary Shares vested on September 21, 2015.
- F3Granted to the Reporting Person's spouse on September 21, 2015 by the Compensation Committee under the Issuer's 2012 Equity Incentive Plan and will vest in equal amounts on the anniversary of the grant date over the next four years.