SEC Form 4 · accession 0001209191-16-125119
STERIS plc · STE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Walter M Rosebrough Jr.
Officer — President & CEO · Director
Period of report
May 31, 2016
Accepted (ET)
Jun 2, 2016 · 4:26 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares, 0.10 Nominal ValueF1 | May 31, 2016 | F | 2,385 | $69.43 | D | 108,991 | D | |
| Ordinary Shares, 0.10 Nominal ValueF2 | May 31, 2016 | F | 2,987 | $69.43 | D | 106,004 | D | |
| Ordinary Shares, 0.10 Nominal ValueF3 | May 31, 2016 | F | 2,038 | $69.43 | D | 103,966 | D | |
| Ordinary Shares, 0.10 Nominal ValueF4 | May 31, 2016 | F | 1,766 | $69.43 | D | 102,200 | D | |
| Ordinary Shares, 0.10 Nominal ValueF5 | Jun 1, 2016 | A | 18,724 | $0.00 | A | 120,924 | D | |
| Ordinary Shares, 0.10 Nominal ValueF6 | holding | — | — | — | 10,000 | I | See Footnote Below. | |
| Ordinary Shares, 0.10 Nominal ValueF7 | holding | — | — | — | 68,806 | I | See Footnote Below. |
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 | 112,340 | A | — | Jun 1, 2026 | Ordinary Shares, 0.10 | 112,340 | 112,340 | D |
Explanation of responses
- F12,385 shares were withheld from the 5,000 restricted shares that vested on May 31, 2016. These 2,385 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 5,000 ordinary shares were awarded to Mr. Rosebrough on May 30, 2012 as part of an award of 20,000 restricted shares. These vested shares were valued at the NYSE closing market price on May 31, 2016.
- F22,987 shares were withheld from the 6,250 restricted shares that vested on May 31, 2016. These 2,987 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 6,250 ordinary shares were awarded to Mr. Rosebrough on May 31, 2013 as part of an award of 25,000 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: 6,250 on May 31, 2017.
- F32,038 shares were withheld from the 4,250 restricted shares that vested on May 31, 2016. These 2,038 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 4,250 ordinary shares were awarded to Mr. Rosebrough on May 30, 2014 as part of an award of 17,000 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: 4,250 on May 30, 2017 and 4,250 on May 30, 2018.
- F41,766 shares were withheld from the 3,625 restricted shares that vested on May 31, 2016. These 1,766 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 3,625 ordinary shares were awarded to Mr. Rosebrough on August 10, 2015 as part of an award of 14,500 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: 3,625 on May 30, 2017, 3,625 on May 28, 2018, and 3,625 on May 28, 2019.
- F5These 120,924 ordinary shares are held by the Reporting Person as Trustee of a revocable trust established for his benefit.
- F6These ordinary shares are held by the Reporting Person as Trustee of an irrevocable trust established for the benefit of the children of the Reporting Person and the Reporting Person's Spouse.
- F7These ordinary shares are held by the Reporting Person's Spouse as Trustee of a revocable trust established for her benefit.
- F8This option becomes exercisable as follows: 28,085 on June 1, 2017; 28,085 on June 1, 2018; 28,085 on June 3, 2019 and 28,085 on June 1, 2020.