SEC Form 4 · accession 0001209191-17-036811
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 30, 2017
Accepted (ET)
Jun 1, 2017 · 4:42 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, 10 pence par valueF1 | May 30, 2017 | A | 2,500 | $0.00 | A | 25,888 | D | |
| Ordinary Shares, 10 pence par valueF2 | May 30, 2017 | F | 247 | $77.07 | D | 25,641 | D | |
| Ordinary Shares, 10 pence par valueF3 | May 30, 2017 | F | 240 | $77.07 | D | 25,401 | D | |
| Ordinary Shares, 10 pence par valueF4,F5 | May 31, 2017 | F | 354 | $77.56 | D | 25,047 | 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)F6 | $77.07 | May 30, 2017 | A | 14,000 | A | — | May 30, 2027 | Ordinary Shares | 14,000 | 14,000 | D |
Explanation of responses
- F1All 2,500 of these ordinary shares are restricted. The restrictions on these ordinary shares lapse as follows: 1,250 on May 30, 2018 and 1,250 on May 30, 2019.
- F2247 shares were withheld from the 750 restricted shares that vested on May 30, 2017. These 247 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 30, 2017. The remaining restrictions on these ordinary shares lapse as follows: 750 on May 30, 2018.
- F3240 shares were withheld from the 750 restricted shares that vested on May 30, 2017. These 240 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 30, 2017. The remaining restrictions on these ordinary shares lapse as follows: 750 on May 28, 2018; and 750 on May 28, 2019.
- F4354 shares were withheld from the 1,075 restricted shares that vested on May 31, 2017. These 354 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, 2017.
- F59,500 of these ordinary shares are restricted. The restrictions on these ordinary shares lapse as follows: 625 on June 1, 2017; 750 on October 2, 2017; 750 on May 28, 2018; 750 on May 30, 2018; 1,250 on May 30, 2018; 625 on June 1, 2018; 750 on October 1, 2018; 750 on May 28, 2019; 1,250 on May 30, 2019; 625 on June 3, 2019; 750 on October 1, 2019 and 625 on June 1, 2020.
- F6This option becomes exercisable as follows: 7,000 on May 30, 2018 and 7,000 on May 30, 2019.