SEC Form 4 · accession 0001140361-16-070136
LivaNova PLC · LIVN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel Jeffrey Moore
Director
Period of report
Jun 15, 2016
Accepted (ET)
Jun 16, 2016 · 7:58 pm EDT
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 | Jun 15, 2016 | M | 2,233 | $48.485 | A | 65,670 | D | |
| Common StockF2 | Jun 15, 2016 | D | 2,233 | $48.485 | D | 63,437 | D | |
| Common Stock | holding | — | — | — | 2,586 | I | DJM Family Partnership Ltd. |
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,F3 | — | Jun 15, 2016 | M | 2,233 | D | — | — | Common Stock | 2,233 | 0 | D |
Explanation of responses
- F1Restricted stock units ("RSUs") vested on June 15, 2016. The referenced RSUs are being settled in cash based on the closing price of the ordinary shares of LivaNova PLC (the "Company") on June 14, 2016. The Company is settling the RSUs in cash because it does not currently have ordinary shares available to settle the RSUs pursuant to their terms.
- F2Shares disposed of to the Company to cover applicable taxes and to cash cover the remainder shares.
- F3On October 19, 2015, reporting person was granted 2,233 RSUs which vest on the date of the next Annual General Meeting of the Company. Each RSU represents a contingent right to receive one ordinary share of the Company in accordance with the terms of the LivaNova PLC 2015 Incentive Award Plan. All of such RSUs vested and all restrictions thereon lapsed on June 15, 2016.