Seagate Technology plc 4
4 · Seagate Technology plc · Filed Sep 15, 2014
Insider Transaction Report
Form 4
DEHAAN DOUGLAS J
SVP, DRIVE OPS & QUALITY
Transactions
- Sale
Ordinary Shares
2014-09-15$59.47/sh−3,037$180,610→ 33,578 total - Sale
Ordinary Shares
2014-09-11$60.35/sh−987$59,569→ 17,815 total - Award
Ordinary Shares
2014-09-11+18,800→ 36,615 total
Footnotes (3)
- [F1]These Ordinary Shares were sold in multiple transactions at sales prices ranging from $60.35 to $60.3542, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote of this Form 4.
- [F2]On September 11, 2014, the Compensation Committee of the Board of Directors of the Issuer determined that the performance conditions were met with respect to 9,400 of the 9,400 Performance Share Units granted to Mr. DeHaan on September 12, 2011. Achievement of performance objectives resulted in the Reporting Person earning Ordinary Shares in the amount of 200% of the Performance Share Units granted. The 18,800 Ordinary Shares will vest on September 12, 2014 (or in certain circumstances, at the opening of the next following trading window), subject to the continuous service through such date.
- [F3]These Ordinary Shares were sold to cover the tax liabilities arising from the vesting of securities previously reported on one or more Forms 4 by the Reporting Person.