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Seagate Technology Director's Dealing 2014

May 15, 2014

9954_dirs_2014-05-15_f62949b7-ac81-4253-8293-3938019265ed.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: 2014-05-13

Reporting Person: LUCZO STEPHEN J (Director, Chairman and CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2014-05-13 Ordinary Shares M 60157 $11.065 Acquired 172287 Direct
2014-05-13 Ordinary Shares M 23982 $30.23 Acquired 196269 Direct
2014-05-13 Ordinary Shares S 54345 $50.2816 Disposed 141924 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2014-05-13 NQ Stock Options $11.065 M 60157 Disposed 2017-09-13 Ordinary Shares (60157) Direct
2014-05-13 NQ Stock Options $30.23 M 23982 Disposed 2019-08-01 Ordinary Shares (23982) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Ordinary Shares 1485471 Indirect

Footnotes

F1: This transaction is a "sell-to-cover" transaction in which the Reporting Person used the proceeds from the sale of shares in part to fund the exercise of the options.

F2: These Ordinary Shares were sold in multiple transactions at sales prices ranging from $50.22 to $50.40, 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 ranges set forth in the footnote of this Form 4.

F3: Options granted to the Reporting Person under the Seagate Technology 2001 Stock Option Plan are subject to a four year vesting schedule. One quarter of the options vested on September 13, 2011. Following continuous employment, the remaining options vest proportionately over the 36 months following September 13, 2011.

F4: Options granted to the Reporting Person under the Seagate Technology plc 2012 Equity Incentive Plan are subject to a four year vesting schedule. Subject to continuous employment, one quarter of the options vested August 1, 2013.The remaining options vest in equal monthly installments over the 36 months following August 1, 2013.