SEC Form 4 · accession 0001225208-16-034977
TE Connectivity plc · TEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J Lynch
Officer — Chairman & CEO · Director
Period of report
Jun 10, 2016
Accepted (ET)
Jun 14, 2016 · 11:34 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001385157
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | Jun 10, 2016 | M | 87,958 | $39.97 | A | 472,061 | D | |
| Common SharesF2 | Jun 10, 2016 | S | 87,958 | $61.4506 | D | 384,103 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | $0.00 | Jun 10, 2016 | A | 297 | A | — | — | Common Shares | 297 | 49,691 | D |
| Stock Option (Right to Buy)F5 | $39.97 | Jun 10, 2016 | M | 87,958 | D | — | Jul 1, 2017 | Common Shares | 87,958 | 0 | D |
Explanation of responses
- F1This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 23, 2015.
- F2The reported price is the weighted average price for the transactions on June 10, 2016. The range of prices for the transactions is from $61.20 to $61.71 per share. Information regarding the number of shares sold at each separate price will be provided upon request to the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- F3Conversion is 1-for-1.
- F4Restricted stock units issued as dividend equivalents on occurrence of payment to Issuer's shareholders. Subject to acceleration upon certain events, the restricted stock units vest in four equal installments, receive dividend equivalent stock units and convert to common shares upon vesting.
- F5Options exercisable in four equal installments on the first, second, third and fourth anniversary of the grant date, July 2, 2007.