SEC Form 4 · accession 0001551182-18-000039
Eaton Corp plc · ETN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joao V Faria
Officer — See Remarks below.
Period of report
Feb 21, 2018
Accepted (ET)
Feb 23, 2018 · 3:55 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001551182
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1 | Feb 21, 2018 | M | 565 | $0.00 | A | 48,338 | D | |
| Ordinary SharesF2 | Feb 21, 2018 | F | 192 | $81.96 | D | 48,146 | 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 UnitsF4,F3,F5 | $0.00 | Feb 21, 2018 | M | 565 | D | Feb 21, 2018 | — | Ordinary Shares | 565 | 1,150 | D |
Explanation of responses
- F1These ordinary shares were acquired upon the vesting and settlement of certain restricted stock units.
- F2These ordinary shares were delivered to the Issuer to pay for the applicable withholding tax due upon vesting of certain restricted stock units.
- F3Each restricted stock unit represents a contingent right to receive one common share of the issuer.
- F4These restricted stock units were surrendered in exchange for ordinary shares of the Issuer.
- F5These restricted stock units were granted on February 21, 2017 and vest as follows: 33% on the first and second anniversary of the grant date and the remaining 34% on the third anniversary of the grant date.
Remarks
President - Vehicle Group of Eaton Corporation, a subsidiary of the Issuer.