SEC Form 4 · accession 0001246360-15-002799
Medtronic plc · MDT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Coyle
Officer — EVP & Group Pres, Cardiac&Vasc
Period of report
Aug 3, 2015
Accepted (ET)
Aug 5, 2015 · 4:14 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 3, 2015 | A | 15,599 | $0.00 | A | 89,034 | D | |
| Ordinary Shares | holding | — | — | — | 3,739 | I | by spouse | |
| Ordinary Shares | holding | — | — | — | 250 | I | by family trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2 | $78.00 | Aug 3, 2015 | A | 62,394 | A | Aug 3, 2016 | Aug 3, 2025 | Ordinary Shares | 62,394 | 62,394 | D |
| Employee Stock Option (right to buy)F2 | $78.00 | Aug 3, 2015 | A | 1,283 | A | Aug 3, 2016 | Aug 3, 2025 | Ordinary Shares | 1,283 | 63,677 | 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 2018 equals or exceeds a 3% 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.