4//SEC Filing
WISE DAVID S 4
Accession 0001639691-18-000026
CIK 0001639691other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 4:39 PM ET
Size
15.6 KB
Accession
0001639691-18-000026
Insider Transaction Report
Form 4
LivaNova PLCLIVN
WISE DAVID S
SR VP HR & IT
Transactions
- Award
Performance Stock Units
2018-03-15+2,234→ 33,717 total→ Performance Stock Units (2,234 underlying) - Award
Stock Appreciation Rights
2018-03-15+7,287→ 66,722 total→ Stock Appreciation Rights (7,287 underlying) - Sale
Ordinary Shares
2018-03-15$88.17/sh−1,500$132,248→ 42,322 total - Award
Restricted Stock Units
2018-03-15+2,234→ 29,249 total→ Restricted Stock Units (2,234 underlying) - Award
Performance Stock Units
2018-03-15+2,234→ 31,483 total→ Performance Stock Units (2,234 underlying)
Footnotes (9)
- [F1]Shares sold pursuant to a Rule 10b5-1 Plan adopted by reporting person on November 29, 2017.
- [F2]Represents weighted average selling price. Securities sold through approximately 13 separate sales on the transaction date at prices ranging from $87.84 to $88.83. The reporting person hereby undertakes to provide upon request to the SEC, the issuer or any stockholder of the issuer, the full information regarding the number of shares and prices at which the transaction was effected.
- [F3]Each restricted stock unit (RSU) represents a contingent right to receive one ordinary share (Ordinary Share) of LivaNova PLC (the Company), GBP 1.00 par value, in accordance with the terms of the LivaNova PLC 2015 Incentive Award Plan (the Plan) and the award agreement.
- [F4]Reporting person was granted RSUs subject to a four-year vesting schedule, vesting 25% on each of the first four anniversaries of March 15, 2018, subject to continued service during the vesting period.
- [F5]88.38 Conversion or Exercise Price of Derivative Security.
- [F6]Reporting person was granted an award of stock appreciation rights ("SARs"). Subject to the terms and conditions of the Plan and the award agreement, the SARs shall vest in equal installments of 25% on each of the first four anniversaries of the grant date, March 15, 2018.
- [F7]Each performance stock unit (PSU) represents a contingent right to receive one Ordinary Share of the Company in accordance with the terms of the Plan and the award agreement.
- [F8]On March 15, 2018, reporting person was granted 2,234 PSUs to vest or lapse on the filing of the Company's Annual Report on Form 10-K for the fiscal year ending December 31, 2020 ("2020 Form 10-K") based on the rank of the Company's total shareholder return for the three-year period ending December 31, 2020 relative to the total shareholder return of a benchmark group of companies. The form of agreement for this award was filed with the Securities and Exchange Commission in a Current Report on Form 8-K on March 16, 2018. The number included in column 5 of Table II reflects the target number of PSUs eligible for vesting.
- [F9]On March 15, 2018, reporting person was granted 2,234 PSUs to vest or lapse on the filing of the Company's 2020 Form 10-K based on how the Company's cumulative adjusted free cash flow for fiscal years 2018, 2019 and 2020 compares to a target. The form of agreement for this award was filed with the Securities and Exchange Commission on March 16, 2018. The number included in column 5 of Table II reflects the target number of PSUs eligible for vesting.
Documents
Issuer
LivaNova PLC
CIK 0001639691
Entity typeother
Related Parties
1- filerCIK 0001263257
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 4:39 PM ET
- Size
- 15.6 KB