SEC Form 4 · accession 0001127602-16-059374
Medtronic plc · MDT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary Lee Ellis
Officer — EVP & Global Ops and IT
Period of report
Aug 1, 2016
Accepted (ET)
Aug 3, 2016 · 1:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001613103
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares | Aug 1, 2016 | A | 16,561 | $0.00 | A | 190,254 | D | |
| Ordinary Shares | holding | — | — | — | 5,235 | I | 401(k) | |
| Ordinary Shares | holding | — | — | — | 7,851 | I | Esop |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $88.06 | Aug 1, 2016 | A | 66,243 | A | Aug 1, 2017 | Aug 1, 2026 | Ordinary Shares | 66,243 | 66,243 | D |
| Stock Option (Right to Buy)F2 | $88.06 | Aug 1, 2016 | A | 1,136 | A | Aug 1, 2017 | Aug 1, 2026 | Ordinary Shares | 1,136 | 1,136 | D |
Explanation of responses
- F1The restrictions on these restricted stock units shall lapse 100% on the third anniversary of the Grant Date if the Company's cumulative non-GAAP diluted earnings per share growth during the 36 month period ending on the last day of the Company's fiscal year 2019 equals or exceeds a 3% cumulative compound annual growth rate, as determined by the Compensation Committee.
- F2These options become exercisable at the rate of 25% of the shares granted per year beginning on the first anniversary of grant.