SEC Form 4 · accession 0001551182-18-000064
Eaton Corp plc · ETN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Heath B. Monesmith
Officer — See Remarks below
Period of report
Feb 23, 2018
Accepted (ET)
Feb 26, 2018 · 4:25 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 23, 2018 | M | 375 | $0.00 | A | 21,688 | D | |
| Ordinary SharesF2 | Feb 23, 2018 | F | 109 | $82.12 | D | 21,579 | D | |
| Ordinary SharesF1 | Feb 23, 2018 | M | 949 | $0.00 | A | 22,528 | D | |
| Ordinary SharesF2 | Feb 23, 2018 | F | 284 | $82.12 | D | 22,244 | D | |
| Ordinary SharesF1 | Feb 23, 2018 | M | 1,627 | $0.00 | A | 23,871 | D | |
| Ordinary SharesF2 | Feb 23, 2018 | F | 484 | $82.12 | D | 23,387 | D | |
| Ordinary SharesF3 | holding | — | — | — | 3,006 | I | by trustee of ESP |
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,F5 | $0.00 | Feb 23, 2018 | M | 375 | D | — | — | Ordinary Shares | 375 | 0 | D |
| Restricted Stock UnitsF6,F5 | $0.00 | Feb 23, 2018 | M | 949 | D | Feb 24, 2016 | — | Ordinary Shares | 949 | 0 | D |
| Restricted Stock UnitsF7,F5 | $0.00 | Feb 23, 2018 | M | 1,627 | D | Feb 23, 2017 | — | Ordinary Shares | 1,627 | 1,677 | 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.
- F3These ordinary shares are held in the Eaton Savings Plan.
- F4These restricted stock units were granted on February 24, 2015 and vest as follows: 25% on the first and second anniversary of the date of the grant and the remaining 50% on the third anniversary of the date of the grant.
- F5This field is not applicable.
- F6These restricted stock units were awarded February 24, 2015 and vest as follows: 33% on the first and second anniversary of the date of the grant and the remaining 34% on the third anniversary of the date of the grant.
- F7These restricted stock units were awarded February 23, 2016 and vest as follows: 33% on the first and second anniversary of the date of the grant and the remaining 34% on the third anniversary of the date of the grant.
Remarks
Executive Vice President, General Counsel and Secretary of Eaton Corporation, a subsidiary of the Issuer