SEC Form 4 · accession 0001127602-16-069550
Adient plc · ADNT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
R Bruce McDonald
Officer — Chairman and CEO · Director
Period of report
Dec 7, 2016
Accepted (ET)
Dec 9, 2016 · 12:21 pm EST
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 UnitsF2,F1,F3 | — | Dec 7, 2016 | A | 10,467 | A | — | — | Ordinary Shares | 10,467 | 314,028 | D |
| Employee Stock Option (right to buy)F4,F5 | $41.82 | holding | — | — | — | Oct 1, 2009 | Oct 1, 2017 | Ordinary Shares | 4,607 | 4,607 | D |
| Employee Stock Option (right to buy)F4,F5 | $29.95 | holding | — | — | — | Oct 1, 2010 | Oct 1, 2018 | Ordinary Shares | 15,603 | 15,603 | D |
| Employee Stock Option (right to buy)F4,F5 | $25.87 | holding | — | — | — | Oct 1, 2011 | Oct 1, 2019 | Ordinary Shares | 16,579 | 16,579 | D |
| Employee Stock Option (right to buy)F4,F5 | $31.77 | holding | — | — | — | Oct 1, 2012 | Oct 1, 2020 | Ordinary Shares | 14,628 | 14,628 | D |
| Employee Stock Option (right to buy)F4,F5 | $28.97 | holding | — | — | — | Oct 5, 2014 | Oct 5, 2022 | Ordinary Shares | 7,294 | 7,294 | D |
| Employee Stock Option (right to buy)F4,F5 | $29.69 | holding | — | — | — | Oct 7, 2013 | Oct 7, 2021 | Ordinary Shares | 13,653 | 13,653 | D |
| Employee Stock Option (right to buy)F4,F5 | $45.62 | holding | — | — | — | Oct 7, 2017 | Oct 7, 2025 | Ordinary Shares | 10,197 | 10,197 | D |
| Employee Stock Option (right to buy)F4,F5 | $52.24 | holding | — | — | — | Nov 18, 2016 | Nov 18, 2024 | Ordinary Shares | 7,844 | 7,844 | D |
| Employee Stock Option (right to buy)F4,F5 | $50.31 | holding | — | — | — | Nov 19, 2015 | Nov 19, 2023 | Ordinary Shares | 4,809 | 4,809 | D |
Explanation of responses
- F1Each unit of phantom stock has the equivalent economic value of one share of Adient common stock.
- F2Reflects the number of shares underlying previously unreported performance share units, which were not subject to being reported, that were converted into time-based restricted share units based on performance results through the end of fiscal year 2016, and as approved by the Compensation Committee on 12/7/2016. The resulting time-based restricted share units remain subject to certain forfeiture and accelerated vesting provisions.
- F3Phantom stock units covered under the Adient Deferred Compensation Plan. The units will settle 100% in cash upon the reporting person's retirement or termination, subject to certain vesting requirements.
- F450% of the options vest on the second and the remaining 50% vest on the third anniversary of the award.
- F5Options 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.