SEC Form 4 · accession 0001127602-17-034403
Johnson Controls International plc · JCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rodney M Rushing
Officer — Pres. Bldg Solutions, North Am
Period of report
Dec 7, 2017
Accepted (ET)
Dec 11, 2017 · 5:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000833444
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1 | $37.36 | Dec 7, 2017 | A | 49,964 | A | Dec 7, 2019 | Dec 7, 2027 | Ordinary Shares | 49,964 | 49,964 | D |
| Restricted Share UnitsF3,F2,F4 | — | Dec 7, 2017 | A | 9,428 | A | — | — | Ordinary Shares | 9,428 | 14,409 | D |
Explanation of responses
- F1Subject to certain acceleration and forfeiture provisions, fifty percent of the options become exercisable on the second anniversary of the grant date and the remaining fifty percent become exercisable on the third anniversary.
- F2Each restricted share unit is the economic equivalent of one ordinary share of JCI.
- F3Reflects grant of restricted share units, which were deferred by the reporting person. Deferred restricted share units accrue dividend equivalent units and convert to cash upon vesting.
- F4Vested restricted share units will be credited to the reporting person's account under the Company's Deferred Compensation Plan and will be distributed upon the reporting person's termination or retirement pursuant to the terms of such plan.