SEC Form 4 · accession 0001720273-18-000004
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 10, 2018
Accepted (ET)
Sep 12, 2018 · 9:40 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 11, 2018 | M | 2,487 | $0.00 | A | 11,112 | D | |
| Ordinary SharesF1 | Sep 11, 2018 | F | 1,094 | $48.98 | D | 10,018 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NQ Stock Option GrantF2 | $50.29 | Sep 10, 2018 | A | 66,723 | A | — | Sep 10, 2025 | Ordinary Shares | 66,723 | 66,723 | D |
| Restricted Share UnitF3,F4 | — | Sep 11, 2018 | M | 2,487 | D | — | — | Ordinary Shares | 2,487 | 7,463 | D |
Explanation of responses
- F1These Ordinary Shares are withheld securities to cover tax liabilities incident to the vesting of Restricted Share Units ("RSUs").
- F2Options granted to the Reporting Person under the Seagate Technology plc 2012 Equity Incentive Plan (the "Plan") are subject to a four-year vesting schedule. Subject to the Reporting Person's continuous employment, one-quarter of the options will vest on September 10, 2019. The remaining options vest in equal monthly installments over the 36 months following September 10, 2019.
- F3Each RSU represents a contingent right to receive one Ordinary Share of the Issuer.
- F4The RSUs, originally granted to the Reporting Person under the Plan for 9,950 shares, of which 2,487 have been released, vest as to one-quarter of the shares on September 11, 2018 and each one-year anniversary thereafter.