SEC Form 4 · accession 0001749118-18-000004
Seagate Technology Holdings plc · STX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kathryn R. Scolnick
Officer — Interim CFO
Period of report
Aug 16, 2018
Accepted (ET)
Aug 20, 2018 · 7:30 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 | Aug 16, 2018 | M | 642 | $50.10 | A | 759 | D | |
| Ordinary Shares | Aug 16, 2018 | M | 6,069 | $36.54 | A | 6,828 | D | |
| Ordinary Shares | Aug 16, 2018 | M | 3,866 | $36.09 | A | 10,694 | D | |
| Ordinary SharesF1,F2 | Aug 16, 2018 | S | 10,577 | $53.12 | D | 117 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NQ OptionsF3 | $50.10 | Aug 16, 2018 | M | 642 | D | Sep 9, 2016 | Sep 9, 2022 | Ordinary Shares | 642 | 1,393 | D |
| NQ OptionsF4 | $36.54 | Aug 16, 2018 | M | 6,069 | D | Mar 21, 2017 | Mar 21, 2023 | Ordinary Shares | 6,069 | 24,275 | D |
| NQ OptionsF5 | $36.09 | Aug 16, 2018 | M | 3,866 | D | Sep 9, 2017 | Sep 9, 2023 | Ordinary Shares | 3,866 | 16,110 | D |
Explanation of responses
- F1These Ordinary Shares were sold in multiple transactions at sales prices ranging from $53.10 to $53.19, 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 range set forth in the footnote of this Form 4.
- F2Includes 117.0198 shares acquired pursuant to the Issuer's dividend reinvestment plan.
- F3Options 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, originally granted for 5,140 shares, of which 3,747 have been exercised, vest on September 9, 2016. The remaining options vest in equal monthly installments over the 36 months following September 9, 2016.
- F4Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. Subject to the Reporting Person's continuous employment, one-quarter of the options, originally granted for 58,260 shares, of which 33,985 have been exercised, vest on March 21, 2017. The remaining options vest in equal monthly installments over the 36 months following March 21, 2017.
- F5Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. Subject to the Reporting Person's continuous employment, one-quarter of the options, originally granted for 30,930 shares, of which 14,820 have been exercised, vest on September 9, 2017. The remaining options vest in equal monthly installments over the 36 months following September 9, 2017.