SEC Form 4 · accession 0001209191-16-125115

STERIS plc · STE

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Sudhir K Pahwa

Officer — Sr. V.P., IPT

Period of report

May 31, 2016

Accepted (ET)

Jun 2, 2016 · 4:25 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001624899

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Ordinary Shares, 0.10 Nominal Value^F1	May 31, 2016	F	594	$69.43	D	20,695	D
Ordinary Shares, 0.10 Nominal Value^F2	May 31, 2016	F	511	$69.43	D	20,184	D
Ordinary Shares, 0.10 Nominal Value^F3	May 31, 2016	F	356	$69.43	D	19,828	D
Ordinary Shares, 0.10 Nominal Value^F4	May 31, 2016	F	356	$69.43	D	19,472	D
Ordinary Shares, 0.10 Nominal Value^F5	Jun 1, 2016	A	2,500	$0.00	A	21,972	D
Ordinary Shares, 0.10 Nominal Value^F6,F7	Jun 1, 2016	A	3,000	$0.00	A	24,972	D

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)^F8	$69.72	Jun 1, 2016	A	15,000	A	—	Jun 1, 2026	Ordinary Shares, 0.10	15,000	15,000	D

Explanation of responses

F1594 shares were withheld from the 1,250 restricted shares that vested on May 31, 2016. These 594 ordinary shares represent the value of the taxes required to be withheld pursuant to applicable employment or tax laws, as determined by the Issuer. These 1,250 ordinary shares were awarded to Mr. Pahwa on May 30, 2012 as part of an award of 5,000 restricted shares. These vested shares were valued at the NYSE closing market price on May 31, 2016.
F2511 shares were withheld from the 1,075 restricted shares that vested on May 31, 2016. These 511 ordinary shares represent the value of the taxes required to be withheld pursuant to applicable employment or tax laws, as determined by the Issuer. These 1,075 ordinary shares were awarded to Mr. Pahwa on May 31, 2013 as part of an award of 4,300 restricted shares. These vested shares were valued at the NYSE closing market price on May 31, 2016. The remaining restrictions on these ordinary shares lapse as follows: 1,075 on May 31, 2017.
F3356 shares were withheld from the 750 restricted shares that vested on May 31, 2016. These 356 ordinary shares represent the value of the taxes required to be withheld pursuant to applicable employment or tax laws, as determined by the Issuer. These 750 ordinary shares were awarded to Mr. Pahwa on May 30, 2014 as part of an award of 3,000 restricted shares. These vested shares were valued at the NYSE closing market price on May 31, 2016. The remaining restrictions on these ordinary shares lapse as follows: 750 on May 30, 2017 and 750 on May 30, 2018.
F4356 shares were withheld from the 750 restricted shares that vested on May 31, 2016. These 356 ordinary shares represent the value of the taxes required to be withheld pursuant to applicable employment or tax laws, as determined by the Issuer. These 750 ordinary shares were awarded to Mr. Pahwa on August 10, 2015 as part of an award of 3,000 restricted shares. These vested shares were valued at the NYSE closing market price on May 31, 2016. The remaining restrictions on these ordinary shares lapse as follows: 750 on May 30, 2017; 750 on May 28, 2018; and 750 on May 28, 2019.
F5All 2,500 of these ordinary shares are restricted. The restrictions on these ordinary shares lapse as follows: 625 on June 1, 2017; 625 on June 1, 2018; 625 on June 3, 2019 and 625 on June 1, 2020.
F6All 3,000 of these ordinary shares are restricted. The restrictions on these ordinary shares lapse as follows: 750 on October 3, 2016; 750 on October 2, 2017; 750 on October 1, 2018 and 750 on October 1, 2019.
F72,027.6908 of these ordinary shares are jointly held by the Reporting Person and his spouse in a joint brokerage account.
F8This option becomes exercisable as follows: 3,750 on June 1, 2017; 3,750 on June 1, 2018; 3,750 on June 3, 2019 and 3,750 on June 1, 2020.