SEC Form 4 · accession 0001209191-15-078881
Seagate Technology Holdings plc · STX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David H Morton Jr.
Officer — Chief Financial Officer & EVP
Period of report
Nov 4, 2015
Accepted (ET)
Nov 6, 2015 · 4:06 pm EST
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 | Nov 4, 2015 | M | 3,047 | $11.155 | A | 27,371 | D | |
| Ordinary Shares | Nov 4, 2015 | M | 1,312 | $29.87 | A | 28,683 | D | |
| Ordinary SharesF1,F2 | Nov 4, 2015 | S | 3,178 | $38.935 | D | 25,505 | 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 OptionsF3 | $11.155 | Nov 4, 2015 | M | 3,047 | D | Sep 12, 2012 | Sep 12, 2018 | Ordinary Shares | 3,047 | 0 | D |
| NQ Stock OptionsF4 | $29.87 | Nov 4, 2015 | M | 1,312 | D | Sep 10, 2013 | Sep 10, 2019 | Ordinary Shares | 1,312 | 2,407 | D |
Explanation of responses
- F1These Ordinary Shares were sold to cover the tax liabilities arising from the exercise of options previously granted to the Reporting Person.
- F2These Ordinary Shares were sold in multiple transactions at sales prices ranging from $38.935 to $38.9353, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote of this Form 4.
- F3Options granted to the Reporting Person under the Issuer's 2004 Stock Compensation Plan are subject to a four-year vesting schedule. One quarter of the option shares vested on September 12, 2012. The remaining option shares vested in equal monthly installments over the 36 months following September 12, 2012.
- F4Options granted to the Reporting Person under the Issuer's 2012 Equity Incentive Plan are subject to a four-year vesting schedule. One quarter of the option shares vested on September 10, 2013. The remaining option shares vest in equal monthly installments over the 36 months following September 10, 2013.