SEC Form 4 · accession 0001234677-19-000002
Seagate Technology Holdings plc · STX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James J Murphy
Officer — EVP, Sales & Marketing
Period of report
Feb 14, 2019
Accepted (ET)
Feb 19, 2019 · 7:13 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 SharesF1 | Feb 14, 2019 | M | 10,000 | $30.95 | A | 20,832 | D | |
| Ordinary SharesF2 | Feb 14, 2019 | S | 20,832 | $45.7452 | D | 0 | 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 Option GrantF3 | $30.95 | Feb 14, 2019 | M | 10,000 | D | Sep 11, 2018 | Sep 11, 2024 | Ordinary Shares | 10,000 | 77,432 | D |
Explanation of responses
- F1Includes 263 Ordinary Shares purchased by Reporting Person on January 31, 2019 under the Issuer's Employee Stock Purchase Plan. Such acquisition is exempt from reporting pursuant to Rule 16b-3 under the Securities Exchange Act of 1934.
- F2These Ordinary Shares were sold in multiple trades at prices ranging from $45.74 to $45.78. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3The options, originally for 87,432 Ordinary Shares and granted to the Reporting Person under the Seagate Technology plc 2012 Equity Incentive Plan, are subject to a four-year vesting schedule. Subject to the Reporting Person's continuous employment, one-quarter of the options vested on September 11, 2018. The remaining options vest in equal monthly installments over the 36 months following September 11, 2018.