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Seagate Technology — Director's Dealing 2010
Nov 12, 2010
9954_dirs_2010-11-12_39ab15ca-ee72-4a7a-afc6-db997b50a2ca.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Seagate Technology plc (STX)
CIK: 0001137789
Period of Report: 2010-07-27
Reporting Person: O MALLEY PATRICK J (EVP and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-07-27 | Ordinary Shares | A | 12000 | $0.00 | Acquired | 21958.66 | Direct |
Footnotes
F1: On July 27, 2010, the Compensation Committee of the Board of Directors of the Issuer authorized and confirmed that the performance metrics were met with respect to 12,000 of the 24,000 Performance Shares (the "2008 Shares") granted to Mr. O'Malley on September 12, 2008 and reported on Mr. O'Malley's Form 4 dated September 16, 2008.
F2: Excludes 44,440 Performance Unit Shares and excludes 16,000 Performance Shares previously reported on Mr. O'Malley's Form 4 dated September 15, 2010 and 12,000 of the 2008 Shares previously reported on Mr. O'Malley's Form 4 dated September 16, 2008. The vesting of such Performance Unit Shares and Performance Shares remains subject to the achievement of performance goals that are not tied to the market price of the Company's ordinary shares. Pursuant to the Securities and Exchange Commission's interpretative guidance, these Performance Unit Shares and Performance Shares are not required to be reported on Mr. O'Malley's Section 16 filings until such performance goals have been achieved.