SEC Form 4 · accession 0001127602-16-068112
Johnson Controls International plc · JCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian J Stief
Officer — Executive VP and CFO
Period of report
Nov 18, 2016
Accepted (ET)
Nov 22, 2016 · 4:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000833444
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1 | Nov 18, 2016 | A | 10,046 | $0.00 | A | 79,427 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock Units - Restricted Stock PlanF1,F2 | $0.00 | Nov 18, 2016 | A | 10,048 | A | — | — | Ordinary Shares | 10,048 | 143,782 | D |
| Phantom Stock Units - Restricted Stock PlanF3,F2 | $0.00 | Nov 18, 2016 | A | 45,439 | A | — | — | Ordinary Shares | 45,439 | 189,221 | D |
Explanation of responses
- F1Represents performance share units for the three-year performance period ended September 30, 2016. The Compensation Committee approved the performance results on November 18, 2016. Receipt of the related shares is deferred to a future date.
- F2Phantom stock units accrue under the Johnson Controls Restricted Stock Plan and settle 100% in cash upon the reporting person's termination or retirement, subject to vesting requirements.
- F3Reflects the number of ordinary shares underlying previously unreported performance share units 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 November 18, 2016. The resulting time-based restricted share units remain subject to certain forfeiture and accelerated vesting provisions.