Coward Adrian Vincent 4
4 · STERIS plc · Filed Mar 28, 2019
Insider Transaction Report
Form 4
STERIS plcSTE
Coward Adrian Vincent
Sr. V. P., Healthcare Services
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2019-03-28−15,680→ 0 totalExercise: $114.22Exp: 2028-05-31→ Ordinary Shares (15,680 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2019-03-28−10,000→ 0 totalExercise: $77.07Exp: 2027-05-30→ Ordinary Shares (10,000 underlying) - Disposition to Issuer
Ordinary Shares, 10 pence par value
2019-03-28−23,823→ 0 total
Footnotes (4)
- [F1]10,452 of these ordinary shares are restricted. The restrictions on these ordinary shares lapse as follows: 6,028 on October 1, 2019; 3,000 on June 1, 2021 and 1,424 on May 31, 2022.
- [F2]Represents ordinary shares of STERIS plc, a public limited company organized under the laws of England and Wales ("Old STERIS"), cancelled pursuant to a court-approved scheme of arrangement under English law (the "Scheme"). In connection with the Scheme, the reporting person received ordinary shares of STERIS plc, a public limited company organized under the laws of Ireland ("STERIS"), in an amount equal to the number of the reporting person's cancelled Old STERIS shares. The reporting person's STERIS shares will be subject to terms and conditions, including restrictions, substantially identical to those that were applicable to the Old STERIS shares. Following the completion of the Scheme, STERIS became the ultimate holding company of Old STERIS.
- [F3]This option becomes exercisable as follows: 2,500 on May 30, 2018; 2,500 on May 30, 2019; 2,500 on June 1, 2020 and 2,500 on June 1, 2021. This option was assumed by STERIS under the Scheme and converted to an option to purchase 10,000 ordinary shares of STERIS for $77.07 per share, subject to the same terms and conditions that were applicable to the original Old STERIS option.
- [F4]This option becomes exercisable as follows: 3,920 on May 31, 2019; 3,920 on June 1, 2020; 3,920 on June 1, 2021 and 3,920 on May 31, 2022. This option was assumed by STERIS under the Scheme and converted to an option to purchase 15,680 ordinary shares of STERIS for $114.22 per share, subject to the same terms and conditions that were applicable to the original Old STERIS option.