SEC Form 4 · accession 0001127602-17-027649
Medtronic plc · MDT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Omar Ishrak
Officer — Chairman & CEO · Director
Period of report
Sep 15, 2017
Accepted (ET)
Sep 18, 2017 · 7:11 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 | Sep 15, 2017 | M | 100,000 | $38.81 | A | 668,503 | D | |
| Ordinary SharesF2 | Sep 15, 2017 | S | 140,407 | $81.63 | D | 528,096 | D | |
| Ordinary Shares | holding | — | — | — | 12,195 | I | GRAT |
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)F3 | $38.81 | Sep 15, 2017 | M | 100,000 | D | — | Jul 30, 2022 | Ordinary Shares | 100,000 | 115,338 | D |
Explanation of responses
- F1The exercise and sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- F2The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $81.464 to $81.941, inclusive. The reporting person undertakes to provide to Medtronic plc, any security holder of Medtronic plc, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F3This option to purchase 290,338 New Medtronic ordinary shares for $38.81 per share, which was partially vested at the effective time of the Merger, was received in the Merger and represents the conversion of 290,338 Medtronic common stock shares for $38.81 per share. This New Medtronic stock option has the same terms and conditions as the original Medtronic stock option.