SEC Form 4 · accession 0001127602-16-065735
Adient plc · ADNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Neil Edward Marchuk
Officer — EVP and Chief Human Resources
Period of report
Oct 31, 2016
Accepted (ET)
Nov 1, 2016 · 5:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001670541
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1 | holding | — | — | — | 3,774 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Compensation - Phantom Stock UnitsF2,F3 | — | Oct 31, 2016 | A | 65,920 | A | — | — | Ordinary Shares | 65,920 | 65,920 | D |
Explanation of responses
- F1Reflects shares received in a pro-rata distribution upon the completion of the spin-off of Adient plc from Johnson Controls International plc.
- F2Each unit of phantom stock has the equivalent economic value of Adient common stock.
- F3Phanton Stock Units covered under the Adient Deferred Compensation Plan acquired with the completion of the spin-off between Johnson Controls International plc ("JCI") and Adient plc ("Adient")(the "spin-off"). The units will settle 100% in cash upon the reporting person's retirement or termination, subject to vesting requirements.