SEC Form 4 · accession 0001749118-18-000008
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
Sep 10, 2018
Accepted (ET)
Sep 12, 2018 · 8:57 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 | A | 1,678 | $0.00 | A | 4,569 | D | |
| Ordinary SharesF1 | Sep 11, 2018 | F | 832 | $48.98 | D | 3,737 | D |
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 11, 2018 | M | 1,678 | A | — | — | Ordinary Shares | 1,678 | 5,037 | D |
| Restricted Share UnitF2,F4 | — | Sep 10, 2018 | A | 19,885 | A | — | — | Ordinary Shares | 19,885 | 19,885 | D |
| Restricted Share UnitF2,F5 | $0.00 | Sep 10, 2018 | A | 10,738 | A | — | — | Ordinary Shares | 10,738 | 10,738 | 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 the Issuer.
- F3The RSUs originally granted to the Reporting Person under the Seagate Technology plc 2012 Equity Incentive Plan (the "Plan") for 6,715 shares, vest as to one-quarter of the shares on September 11, 2018 and each one-year anniversary thereafter.
- F4Consists of a grant of RSUs awarded to the Reporting Person as a special equity award in the amount of 19,885 shares under the Plan. Subject to the Reporting Person's continuous employment, such RSUs vest as to one-quarter of the shares on September 10, 2019 and each one-year anniversary thereafter.
- F5Consists of a grant of RSUs awarded to the Reporting Person under the Plan in the amount of 10,738. Subject to the Reporting Person's continuous employment, such RSUs vest as to one-quarter of the shares on September 10, 2019 and each one-year anniversary thereafter.