SEC Form 4 · accession 0001140361-17-011861
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, 2017
Accepted (ET)
Mar 14, 2017 · 12:03 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 |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1 | Mar 11, 2017 | M | 5,209 | — | A | 5,209 | D | |
| Ordinary SharesF3 | Mar 11, 2017 | F | 2,448 | $49.215 | D | 2,761 | 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 | — | Mar 11, 2017 | M | 5,209 | D | — | — | Ordinary Shares | 5,209 | 20,832 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of LivaNova PLC's ("Company") ordinary shares, ?1.00 par value.
- F2Reporting person was granted RSUs subject to a four-year vesting schedule, vesting 20% on, each, March 11, 2017, March 11, 2018 and March 11, 2019, and 40% on March 11, 2020. 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.
- F3The referenced shares were withheld from distribution at the request of reporting person. Such shares were forfeited and the associated value was used to offset the tax liability associated with the March 11, 2017 vesting of 5,209 RSUs.