SEC Form 4 · accession 0001720273-18-000002
Seagate Technology Holdings plc · STX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey D. Nygaard
Officer — Executive Vice President
Period of report
Sep 9, 2018
Accepted (ET)
Sep 11, 2018 · 7:50 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 9, 2018 | M | 1,040 | $0.00 | A | 6,686 | D | |
| Ordinary Shares | Sep 9, 2018 | M | 1,251 | $0.00 | A | 7,937 | D | |
| Ordinary Shares | Sep 9, 2018 | M | 3,031 | $0.00 | A | 10,968 | D | |
| Ordinary SharesF1 | Sep 9, 2018 | F | 2,343 | $49.80 | D | 8,625 | D | |
| Ordinary Shares | holding | — | — | — | 23,612 | I | Jeffrey D. Nygaard Revocable Trust U/A Dated August 17, 2009 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitF2,F3 | — | Sep 9, 2018 | M | 1,040 | D | — | Sep 9, 2018 | Ordinary Shares | 1,040 | 0 | D |
| Restricted Share UnitF2,F4 | — | Sep 9, 2018 | M | 1,251 | D | — | Sep 9, 2019 | Ordinary Shares | 1,251 | 1,252 | D |
| Restricted Share UnitF2,F5 | — | Sep 9, 2018 | M | 3,031 | D | — | Sep 9, 2020 | Ordinary Shares | 3,031 | 6,063 | D |
Explanation of responses
- F1These Ordinary Shares are withheld securities to cover tax liabilities incident to the vesting of Restricted Share Units ("RSUs").
- F2Each RSU represents a contingent right to receive one ordinary share of Issuer.
- F3The RSUs, originally granted to the Reporting Person under the Seagate Technology plc 2012 Equity Incentive Plan (the "Plan") for 4,160 shares, of which all 4,160 shares have been released, vest as to one-quarter of the shares on September 9, 2015 and each one-year anniversary thereafter.
- F4The RSUs, originally granted to the Reporting Person under the Plan for 5,006 shares, of which 3,753 shares have been released, vest as to one-quarter of the shares on September 9, 2016 and each one-year anniversary thereafter.
- F5The RSUs, originally granted to the Reporting Person under the Plan for 12,125 shares, of which 6,062 shares have been released, vest as to one-quarter of the shares on September 9, 2017 and each one-year anniversary thereafter.