SEC Form 4 · accession 0001140361-16-055823
LivaNova PLC · LIVN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andre Michel Ballester
Officer — CEO · Director
Period of report
Feb 26, 2016
Accepted (ET)
Mar 1, 2016 · 5:49 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001639691
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 26, 2016 | M | 6,432 | — | A | 83,016 | D | |
| Common StockF3 | Feb 26, 2016 | F | 2,057 | $57.09 | D | 80,959 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Feb 26, 2016 | M | 6,432 | D | — | — | Common Stock | 6,432 | 0 | D |
Explanation of responses
- F1Reporting person had vested restricted stock units ("RSUs") settled in ordinary shares of LivaNova PLC (the "Company"), ?1.00 par value.
- F2On October 19, 2015, reporting person was granted 6,432 RSUs to be issued under the Sorin LTI Award pursuant to the Sorin Plans (as defined below). Each RSU represents a contingent right to receive one ordinary share of the Company. All of such RSUs vested and all restrictions thereon lapsed on February 26, 2016.
- F3A number of ordinary shares otherwise issuable to Reporting Person have been withheld in order to satisfy the tax withholding obligations of LivaNova and its subsidiaries pursuant to the vesting of existing Sorin equity award plans (the "Sorin Plans").