SEC Form 4 · accession 0001225208-18-016637
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 12, 2018
Accepted (ET)
Dec 14, 2018 · 4:37 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 SharesF1 | Dec 12, 2018 | A | 16,322 | $0.00 | A | 40,146 | D | |
| Common Shares | Dec 12, 2018 | F | 7,214 | $75.17 | D | 32,932 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | $0.00 | Dec 12, 2018 | A | 13,240 | A | — | — | Common Shares | 13,240 | 24,875 | D |
Explanation of responses
- F1As a result of the certification of the performance results for the three year performance cycle, the performance conditions of a performance based stock unit award ("PSU") previously granted to the Reporting Person were satisfied on December 12, 2018, and such PSU and dividend equivalent units thereon vested and automatically settled for an equivalent number of common shares of the Issuer on such date.
- F2Conversion is 1-for-1.
- F3Subject to acceleration upon certain events, the restricted stock units vest on the second anniversary of the grant date, receive dividend equivalent stock units and convert to common shares upon vesting.