SEC Form 4 · accession 0001225208-16-043315
TE Connectivity plc · TEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terrence R Curtin
Officer — President & Director · Director
Period of report
Dec 13, 2016
Accepted (ET)
Dec 15, 2016 · 4:05 pm EST
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 SharesF2 | Dec 13, 2016 | M | 21,533 | $0.00 | A | 61,714 | D | |
| Common Shares | Dec 13, 2016 | F | 9,927 | $71.365 | D | 51,787 | D | |
| Common SharesF4 | Dec 14, 2016 | S | 11,606 | $71.0168 | D | 40,181 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF6,F5 | $0.00 | Dec 13, 2016 | A | 8,459 | A | — | — | Common Shares | 8,459 | 28,300 | D |
| Performance Stock UnitsF5,F7 | $0.00 | Dec 13, 2016 | A | 6,825 | A | — | — | Common Shares | 6,825 | 35,125 | D |
| Performance Stock UnitsF5,F8 | $0.00 | Dec 13, 2016 | A | 1,706 | A | — | — | Common Shares | 1,706 | 36,831 | D |
| Performance Stock UnitsF2,F1,F9 | $0.00 | Dec 13, 2016 | M | 21,533 | D | — | — | Common Shares | 21,533 | 15,298 | D |
Explanation of responses
- F1Settlement of Performance Stock Units upon vesting for an equivalent number of Common Shares of the Issuer.
- F2Not Applicable
- F3This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 5, 2016.
- F4The reported price is the weighted average price for the transactions on December 14, 2016. The range of prices for the transaction is from $70.73 to $71.59 per share. Information regarding the number of shares sold at each separate price will be provided upon request of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- F5Conversion is 1-for-1.
- F6Includes 7,096 performance stock units issued and an additional 1,363 performance stock units issued as dividend equivalents as a result of the certification of the performance results for the third year of the performance cycle. The performance stock units vested on December 13, 2016, the certification date for the performance results for the third year of the performance cycle.
- F7Subject to acceleration upon certain events, the performance stock units vest on the later of (1) the third anniversary of the grant date, November 10, 2014, or (2) the certification date for the performance results for the third year of the performance cycle in December 2017, receive dividend equivalent stock units and convert to common shares upon vesting.
- F8Subject to acceleration upon certain events, the performance stock units vest on the certification date for the performance results for the third year of the performance cycle in December 2017, receive dividend equivalent stock units and convert to common shares upon vesting.
- F9Date Exercisable: December 13, 2016