SEC Form 4 · accession 0001209191-18-011840
Delphi Technologies PLC · DLPH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mike Clarke
Officer — Senior Vice President *
Period of report
Feb 16, 2018
Accepted (ET)
Feb 21, 2018 · 2:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001707092
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF2 | Feb 16, 2018 | F | 2,516 | $0.00 | D | 7,066 | D | |
| Ordinary SharesF3 | Feb 16, 2018 | X | 23 | $0.00 | A | 7,089 | D | |
| Ordinary SharesF4 | Feb 16, 2018 | A | 3,066 | $0.00 | A | 10,156 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Equivalent RightsF5 | — | Feb 16, 2018 | X | 23 | D | — | — | Ordinary Shares | 23 | 9 | D |
Explanation of responses
- F1Represents ordinary shares being withheld to pay tax liability incident to the vesting of time-based restricted stock units and settlement of dividend equivalent rights previously granted pursuant to an approved employee incentive plan.
- F2Includes Ordinary Shares plus an additional 4,149 of restricted stock units previously granted pursuant to an approved employee incentive plan, which vest at various points with the passage of time and which earn dividend equivalents until fully vested.
- F3Represents the acquisition of ordinary shares upon the disposition of dividend equivalent rights reported in Table 2.
- F4Ordinary shares received upon settlement of performance based awards granted pursuant to an approved employee incentive plan the value and issuance of which was conditioned on the company achieving certain operating and financial performance targets over the 2015 through 2017 fiscal year period.
- F5Reflects settlement of dividend equivalent rights in connection with the vesting of restricted stock units. The rights accrued when and as dividends were paid on the Issuer's ordinary shares and vested proportionately with the restricted stock unit to which they related. Each dividend equivalent right is the economic equivalent of one ordinary share.