SEC Form 4 · accession 0001209191-17-037287
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
Jun 1, 2017
Accepted (ET)
Jun 2, 2017 · 4:37 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,F2 | Jun 1, 2017 | S | 3,000 | $79.07 | D | 22,047 | D | |
| Ordinary Shares, 10 pence par valueF3,F4 | Jun 1, 2017 | F | 206 | $79.26 | D | 21,841 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This sale of a total of 3,000 ordinary shares is pursuant to a Rule 10b5-1 Stock Trading Plan entered into by the Reporting Person on August 17, 2016.
- F2This represents the average sales price of the 3,000 shares sold in the open market. The actual sales prices ranged from $79.00 per share to $79.21 per share. The Reporting Person, upon request by the SEC staff, will provide full information regarding the number of shares sold at each of the separate sales prices.
- F3206 shares were withheld from the 625 restricted shares that vested on June 1, 2017. These 206 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 625 ordinary shares were awarded to Mr. Pahwa on June 1, 2016 as part of an award of 2,500 restricted shares. These vested shares were valued at the NYSE closing market price on June 1, 2017. The remaining restrictions on these ordinary shares lapse as follows: 625 on June 1, 2018; 625 on June 3, 2019 and 625 on June 1, 2020.
- F48,875 of these ordinary shares are restricted. The restrictions on these ordinary shares lapse as follows: 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.