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Seagate Technology — Director's Dealing 2012
Aug 24, 2012
9954_dirs_2012-08-24_ea69ba7d-bb1f-49b2-99aa-236c1f8e7a5d.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: 2012-08-22
Reporting Person: PARK CHONG SUP (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-08-22 | Ordinary Shares | M | 25000 | $24.695 | Acquired | 44468 | Direct |
| 2012-08-22 | Ordinary Shares | M | 3700 | $26.6216 | Acquired | 48168 | Direct |
| 2012-08-22 | Ordinary Shares | S | 28700 | $34.535 | Disposed | 19468 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-08-22 | NQ Stock Options | $24.695 | M | 25000 | Disposed | 2013-05-19 | Ordinary Shares (25000) | Direct |
| 2012-08-22 | NQ Stock Options | $26.6216 | M | 3700 | Disposed | 2014-02-09 | Ordinary Shares (3700) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Ordinary Shares | 24198 | Indirect |
Footnotes
F1: Reflects a transfer of 3,750 ordinary shares holdings to indirect holdings which was exempt from reporting pursuant to Rule 16a-13 under the Securities Exchange Act of 1934.
F2: Shares sold under a 10b5-1 Trading Plan.
F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at sales prices ranging from $34.18 to $35.00, 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 range set forth in this footnote.
F4: Options granted to the Reporting Person under the Issuer's 2004 Stock Compensation Plan are subject to a four-year vesting schedule. One quarter of the options granted vested on May 19, 2007. The remaining three quarters vested proportionally annually on May 19th over the three years thereafter.
F5: Options granted to the Reporting Person under Maxtor's 1996 Stock Option Plan which were assumed by the Issuer on May 19, 2006. The options were subject to a four-year vesting schedule. Options became fully vested as a result of the merger.