SEC Form 4 · accession 0001127602-16-068121
Johnson Controls International plc · JCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alex A Molinaroli
Officer — Chairman & CEO
Period of report
Nov 18, 2016
Accepted (ET)
Nov 22, 2016 · 4:28 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 | 161,105 | $0.00 | A | 1,185,289 | D | |
| Ordinary SharesF2 | Nov 18, 2016 | A | 203,986 | $0.00 | A | 1,389,275 | D | |
| Ordinary Shares | Nov 21, 2016 | F | 18,791 | $44.71 | D | 1,370,484 | D | |
| Ordinary SharesF3 | holding | — | — | — | 25,618 | I | By 401k Plan Trustee |
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,F4 | $0.00 | Nov 18, 2016 | A | 53,702 | A | — | — | Ordinary Shares | 53,702 | 129,125 | D |
| Phantom Stock Units - Restricted Stock PlanF2,F4 | $0.00 | Nov 18, 2016 | A | 35,996 | A | — | — | Ordinary Shares | 35,996 | 165,121 | 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.
- F2Reflects 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.
- F3The number of underlying securities is based on the stock fund balance. The actual number of shares issuable upon the distribution date is not determinable since the fund is a unitized account consisting of 96% company shares and 4% money market fund.
- F4Phantom 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.