SEC Form 4 · accession 0001209191-16-106137
Endo International plc · ENDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian Lortie
Officer — President Branded Pharma
Period of report
Mar 2, 2016
Accepted (ET)
Mar 4, 2016 · 4:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001593034
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| 2010 Stock Incentive Plan Performance SharesF1,F2,F3 | Mar 2, 2016 | M | 5,191 | $0.00 | D | 27,876 | D | |
| Ordinary SharesF1,F4 | Mar 2, 2016 | M | 7,786 | $0.00 | A | 26,955 | D | |
| Ordinary SharesF1,F5,F6 | Mar 2, 2016 | F | 2,451 | $43.06 | D | 24,504 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March 2, 2016, the cumulative 3-year performance period for Mr. Lortie's March 8, 2013 grant of performance shares concluded. At this time, the performance shares were converted into 7,786 ordinary shares. Of this amount, 2,451 ordinary shares were withheld by Endo International plc to satisfy tax obligations on ordinary shares acquired and 5,335 ordinary shares were transferred to Mr. Lortie effective immediately.
- F2Represents the target number of shares issuable upon Endo International plc's achievement of shareholder return performance metrics over a cumulative three-year period, as determined by Endo International plc's Board of Directors at the end of such three-year period.
- F3These securities were granted to Mr. Lortie in consideration of his services as the President, U.S. Branded Pharmaceuticals of Endo International plc.
- F4This represents the automatic conversion of performance shares granted to Mr. Lortie on March 8, 2013 to ordinary shares of Endo International plc pursuant to the terms of the underlying award agreement.
- F5These shares represent stock withheld by Endo International plc to satisfy Mr. Lortie's tax withholding obligations on shares acquired upon vesting of performance shares.
- F6Represents the value of ordinary shares withheld by Endo International plc to cover Mr. Lortie's tax withholding obligations.