SEC Form 4 · accession 0001225208-16-043323
TE Connectivity plc · TEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin N Rock
Officer — President, Industrial Solution
Period of report
Dec 13, 2016
Accepted (ET)
Dec 15, 2016 · 4:08 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 | 4,686 | $0.00 | A | 19,006 | D | |
| Common Shares | Dec 13, 2016 | F | 2,195 | $71.365 | D | 16,811 | D | |
| Common Shares | holding | — | — | — | 18,676 | I | By family trusts |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF4,F3 | $0.00 | Dec 13, 2016 | A | 1,841 | A | — | — | Common Shares | 1,841 | 6,759 | D |
| Performance Stock UnitsF3,F5 | $0.00 | Dec 13, 2016 | A | 1,706 | A | — | — | Common Shares | 1,706 | 8,465 | D |
| Performance Stock UnitsF3,F6 | $0.00 | Dec 13, 2016 | A | 907 | A | — | — | Common Shares | 907 | 9,372 | D |
| Performance Stock UnitsF2,F1,F7 | $0.00 | Dec 13, 2016 | M | 4,686 | D | — | — | Common Shares | 4,686 | 4,686 | D |
Explanation of responses
- F1Settlement of Performance Stock Units upon vesting for an equivalent number of Common Shares of the Issuer.
- F2Not Applicable
- F3Conversion is 1-for-1.
- F4Includes 1,545 performance stock units issued and an additional 296 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.
- F5Subject 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.
- F6Subject 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.
- F7Date Exercisable: December 13, 2016