SEC Form 4 · accession 0001127602-16-065745
Adient plc · ADNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Stafeil
Officer — EVP and CFO
Period of report
Oct 31, 2016
Accepted (ET)
Nov 1, 2016 · 5:54 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001670541
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Compensation - Phantom Stock UnitsF1,F2 | — | Oct 31, 2016 | A | 21,974 | A | — | — | Ordinary Shares | 21,974 | 21,974 | D |
Explanation of responses
- F1Each unit of phantom stock has the equivalent economic value of Adient common stock.
- F2Phanton 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.