SEC Form 4 · accession 0001639691-18-000021
LivaNova PLC · LIVN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David S Wise
Officer — Chief Administrative Officer
Period of report
Mar 11, 2018
Accepted (ET)
Mar 13, 2018 · 9:36 am 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, 2018 | M | 5,208 | $0.00 | A | 45,642 | D | |
| Ordinary SharesF2 | Mar 11, 2018 | F | 1,226 | $87.55 | D | 44,416 | 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,F3 | — | Mar 11, 2018 | M | 5,208 | A | — | Mar 11, 2020 | Common Stock | 5,208 | 27,015 | D |
Explanation of responses
- F1Each RSU represents a contingent right to receive one ordinary share (Ordinary Share) of LivaNova PLC (the Company), GBP 1.00 par value, in accordance with the terms of the LivaNova PLC 2015 Incentive Award Plan (the Plan).
- F2The 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, 2018 vesting of 5,208 restricted stock units (RSUs).
- F3The reporting person was granted RSUs 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 RSUs are subject to forfeiture prior to vesting in accordance with the terms of the LivaNova PLC 2015 Incentive Award Plan.