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Seagate Technology — Director's Dealing 2010
Sep 15, 2010
9954_dirs_2010-09-15_f3cad7b6-a690-4cc7-8a14-fd292d9684fe.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: 2010-09-13
Reporting Person: MORTON DAVID H JR (VP,FINANCE,TREASURER &PAO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-09-13 | Restricted Stock Units | A | 11000 | $0.00 | Acquired | 13549 | Direct |
| 2010-09-13 | Common Shares | S | 245 | $10.973 | Disposed | 13304 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-09-13 | NQ Stock Options | $11.065 | A | 27500 | Acquired | 2017-09-13 | Common shares (27500) | Direct |
Footnotes
F1: Consists of a grant of restricted stock units awarded to the Reporting Person under the 2004 Stock Compensation Plan for no consideration. Each restricted stock unit represents a contingent right to receive one share of Seagate common stock. Subject to the Reporting Person's Continuous Service with the Coompany, vested shares to be released to the reporting person on each of the first four anniversaries of the vesting commencement date of September 13, 2010.
F2: Shares sold pursuant to vesting provisions under the restricted stock unit award issued on September 11, 2008.Shares sold to pay tax liabilities resulting from the vesting of 667 Restricted Stock Units issued on September 12, 2008. The sale was effected pursuant to a Rule 10b5-1 trading plan.
F3: Options granted to the Reporting Person under the 2004 Stock Compensation Plan are subject to a four-year vesting schedule. One quarter of the option shares vested on September 13, 2011. The remaining option shares are vesting proportionally each month over the 36 months following September 13, 2011.