Seagate Technology plc 4
4 · Seagate Technology plc · Filed Sep 13, 2016
Insider Transaction Report
Form 4
RE MARK
SVP & Chief Technical Officer
Transactions
- Tax Payment
Ordinary Shares
2016-09-12−3,077→ 43,893 total - Award
Ordinary Shares
2016-09-09+10,516→ 54,409 total - Award
NQ Stock Options
2016-09-09+36,850→ 36,850 totalExercise: $36.09From: 2017-09-09Exp: 2023-09-09→ Ordinary Shares (36,850 underlying)
Footnotes (3)
- [F1]These Ordinary Shares are withheld securities to cover tax liabilities incident to the vesting of securities previously reported on one or more Forms 4 by the Reporting Person in accordance with Rule 16b-3.
- [F2]Consists of a grant of restricted stock units, of which 10,516 remain outstanding, awarded to the Reporting Person under the Seagate Technology plc 2012 Equity Incentive Plan (the "Plan"). The restricted stock units will be converted into ordinary shares on a one-for-one basis. Subject to the Reporting Person's continuous employment, such restricted stock units will be settled in ordinary shares in equal installments on each of the first four anniversaries of September 9, 2016.
- [F3]Options granted to the Reporting Person under the Issuer's 2012 Equity Incentive Plan are subject to a four year vesting schedule. Subject to continuous employment, one quarter of the option shares will vest on September 9, 2017. The remaining option shares will vest in equal monthly installments over the 36 months following September 9, 2017.