SEC Form 4 · accession 0001127602-16-068087
Adient plc · ADNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric S Mitchell
Officer — Executive Vice President
Period of report
Nov 18, 2016
Accepted (ET)
Nov 22, 2016 · 3:54 pm EST
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 | Nov 19, 2016 | F | 140 | $53.05 | D | 1,934 | D | |
| Ordinary SharesF2 | Nov 18, 2016 | A | 10,779 | $53.05 | A | 12,056 | I | 401(k) Savings Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F4,F3 | $28.97 | holding | — | — | — | Oct 5, 2014 | Oct 5, 2022 | Ordinary Shares | 877 | 877 | D |
| Employee Stock Option (right to buy)F4,F3 | $45.62 | holding | — | — | — | Oct 7, 2017 | Oct 7, 2025 | Ordinary Shares | 1,483 | 1,483 | D |
| Employee Stock Option (right to buy)F4,F3 | $52.24 | holding | — | — | — | Nov 18, 2016 | Nov 18, 2024 | Ordinary Shares | 1,255 | 1,255 | D |
| Employee Stock Option (right to buy)F4,F3 | $50.31 | holding | — | — | — | Nov 19, 2015 | Nov 19, 2023 | Ordinary Shares | 1,326 | 1,326 | D |
| Employee Stock Option (right to buy)F4,F3 | $33.68 | holding | — | — | — | Mar 20, 2014 | Mar 20, 2022 | Ordinary Shares | 160 | 160 | D |
| Deferred Compensation - Phantom Stock UnitsF5,F6 | — | holding | — | — | — | — | — | Ordinary Shares | 49,776 | 49,776 | D |
Explanation of responses
- F1Withholding of shares to cover taxes due on restricted shares that vested on 11/19/16.
- F2Shares represented by Company stock fund units acquired under the Company Savings Plan based on information furnished by the Plan Administrator as of 11/18/16.
- F350% of the options vest on the second and the remaining 50% vest on the third anniversary of the award.
- F4Options acquired in connection with the completion of the spin-off pursuant to which Johnson Controls' options were converted into a proportionate number of options of Adient plc.
- F5Each unit of phantom stock has the equivalend economic value of one share of Adient common stock.
- F6Phantom 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.