Seagate Technology — Director's Dealing 2014

Jul 25, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Seagate Technology plc (STX)
CIK: 0001137789
Period of Report: 2014-07-23

Reporting Person: Richarz David K (Executive Vice President,Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-07-23	Ordinary Shares	A	3750	—	Acquired	10391	Direct
2014-07-23	Ordinary Shares	A	4500	—	Acquired	14891	Direct
2014-07-23	Ordinary Shares	A	14625	—	Acquired	29516	Direct
2014-07-23	Ordinary Shares	A	3600	—	Acquired	33116	Direct
2014-07-25	Ordinary Shares	M	11900	$11.065	Acquired	45016	Direct
2014-07-25	Ordinary Shares	M	13750	$29.87	Acquired	58766	Direct
2014-07-25	Ordinary Shares	S	25650	$59.5559	Disposed	33116	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-07-25	NQ Stock Options	$11.065	M	11900	Disposed	2017-09-13	Ordinary Shares (11900)	Direct
2014-07-25	NQ Stock Options	$29.87	M	13750	Disposed	2019-09-10	Ordinary Shares (13750)	Direct

Footnotes

F1: On July 23, 2014, the Compensation Committee of the Board of Directors of the Issuer determined that the performance conditions were met with respect to 3,750 of the 15,000 Performance Share Units granted to Mr. Richarz on September 9, 2013. The 3,750 Ordinary Shares will vest on September 9, 2014, subject to the continuous service through such date.

F2: On July 23, 2014, the Compensation Committee of the Board of Directors of the Issuer determined that the performance conditions were met with respect to 4,500 of the 18,000 Performance Share Units granted to Mr. Richarz on September 10, 2012. The 4,500 Ordinary Shares will vest on September 10, 2014, subject to the continuous service through such date.

F3: On July 23, 2014, the Compensation Committee of the Board of Directors of the Issuer determined that the performance conditions were met with respect to 14,625 of the 58,500 Performance Share Units granted to Mr. Richarz on September 12, 2011. The 14,625 Ordinary Shares will vest on September 12, 2014 (or in certain circumstances, at the opening of the next following trading window), subject to the continuous service through such date.

F4: On July 23, 2014, the Compensation Committee of the Board of Directors of the Issuer determined that the performance conditions were met with respect to 3,600 of the 14,400 Performance Shares granted to Mr. Richarz on September 13, 2010. The 3,600 Ordinary Shares will vest on September 13, 2014 (or in certain circumstances, at the opening of the next following trading window), subject to the continuous service through such date.

F5: These Ordinary Shares were sold in multiple transactions at sales prices ranging from $59.48 to $59.68, 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.

F6: Options granted to the Reporting Person under the Seagate Technology's 2001 Share Option Plan are subject to a four-year vesting schedule. One quarter of the option shares vested on September 13, 2011. The remaining options vest in equal monthly installments over the 36 months following September 13, 2011.

F7: Options granted to the Reporting Person under the Seagate Technology's 2012 Share Option Plan are subject to a four-year vesting schedule. One quarter of the option shares vested on September 10, 2013. The remaining options vest in equal monthly installments over the 36 months following September 10, 2013.