SEC Form 4 · accession 0001140361-16-058232
LivaNova PLC · LIVN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vivid Sehgal
Officer — CFO
Period of report
Mar 11, 2016
Accepted (ET)
Mar 17, 2016 · 4:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001639691
Table I — non-derivative securities
No Table I lines on this filing.
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 | — | Mar 11, 2016 | A | 26,041 | A | — | — | Common Stock | 26,041 | 26,041 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Company's Ordinary Shares, or at the option of the Company, a cash settlement in accordance with the terms of the LivaNova PLC 2015 Incentive Award Plan.
- F2The reporting person was granted restricted stock units subject to a four-year vesting schedule, vesting 20%, each, on March 11, 2017, March 11, 2018 and March 11, 2019, and 40% on March 11, 2020. The restricted stock units are subject to forfeiture prior to vesting in accordance with the terms of the LivaNova PLC 2015 Incentive Award Plan.