SEC Form 4 · accession 0001209191-16-125155
STERIS plc · STE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Tokich
Officer — SVP, CFO & Treasurer
Period of report
May 31, 2016
Accepted (ET)
Jun 2, 2016 · 4:32 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 | 3,322 | $69.43 | D | 35,806 | D | |
| Ordinary Shares, 0.10 Nominal ValueF2 | Jun 1, 2016 | A | 4,000 | $0.00 | A | 39,806 | D | |
| Ordinary Shares, 0.10 Nominal ValueF3 | Jun 1, 2016 | A | 4,700 | $0.00 | A | 44,506 | D | |
| Ordinary Shares, 0.10 Nominal ValueF4 | holding | — | — | — | 3,116 | 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)F5 | $69.72 | Jun 1, 2016 | A | 30,000 | A | — | Jun 1, 2026 | Ordinary Shares, 0.10 | 30,000 | 30,000 | D |
Explanation of responses
- F13,322 shares were withheld from the 7,000 restricted shares that vested on May 31, 2016. These 3,322 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 7,000 ordinary shares were awarded to Mr. Tokich on May 30, 2012. These vested shares were valued at the NYSE closing market price on May 31, 2016.
- F2All 4,000 of these ordinary shares are restricted. The restrictions on these ordinary shares lapse as follows: 4,000 on October 1, 2020.
- F3All 4,700 of these ordinary shares are restricted. The restrictions on these ordinary shares lapse as follows: 4,700 on June 1, 2020.
- F4Represents 3,186.505 units of the STERIS Corporation 401(k) Plan STERIS Stock Fund which equals 3,116 ordinary share equivalents as of June 1, 2016.
- F5This option becomes exercisable as follows: 7,500 on June 1, 2017; 7,500 on June 1, 2018; 7,500 on June 3, 2019 and 7,500 on June 1, 2020.