SEC Form 4 · accession 0001127602-16-062786
WILLIS TOWERS WATSON PLC · WTW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl Aaron Hess
Officer — Co-Head of North America
Period of report
Sep 15, 2016
Accepted (ET)
Sep 19, 2016 · 4:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001140536
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares, nominal value $0.000304635 per shareF1 | Sep 15, 2016 | A | 4,271 | $0.00 | A | 24,116 | D | |
| Ordinary Shares, nominal value $0.000304635 per shareF2 | Sep 15, 2016 | F | 1,762 | $122.30 | D | 22,354 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person was granted unvested performance-vesting restricted stock units (PVRSUs) on February 13, 2014, which vest over a three-year performance period to the extent that certain predetermined performance criteria are achieved and based on the Reporting Person's continued employment with the Issuer. On August 20, 2016, the Compensation Committee certified the extent to which the performance criteria applicable to such PVRSUs were achieved; therefore, pursuant to the terms of the applicable award agreement, PVRSUs thereafter vested and were settled in shares on September 15, 2016 and are reported herein. The number of PVRSUs that vested includes additional Restricted Stock Units (RSUs) granted as a result of the special dividend declared by Towers Watson on December 29, 2015.
- F2This represents shares that were withheld by the Issuer to satisfy local withholding tax requirements.