Seagate Technology — Director's Dealing 2014

Sep 11, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Seagate Technology plc (STX)
CIK: 0001137789
Period of Report: 2014-09-09

Reporting Person: MORTON DAVID H JR (SVP, FINANCE, TREASURER & PAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-09-09	Ordinary Shares	A	4400	$0.00	Acquired	26826	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-09-09	NQ Stock Options	$60.83	A	8250	Acquired	2021-09-09	Ordinary Shares (8250)	Direct

Footnotes

F1: Consists of a grant of restricted stock units of which 4,400 remain outstanding awarded to the Reporting Person under the Seagate Technology plc 2012 Equity Incentive Plan (the "Plan"). The restricted stock units will be converted into ordinary shares on a one-for-one basis. Subject to the Reporting Person's continuous employment, such restricted stock units will be settled in ordinary shares in equal installments on each of the first four anniversaries of September 9, 2014.

F2: Includes 176 Ordinary Shares purchased by the Reporting Person on July 31, 2014 under the Issuer's Employee Stock Purchase Plan. Such acquisition is exempt from reporting pursuant to Rule 16b-3 under the Securities Exchange Act of 1934.

F3: Options granted to the Reporting Person under the Issuer's 2012 Equity Incentive Plan are subject to a four year vesting schedule. Subject to continuous employment, one quarter of the option shares will vest on September 9, 2015. The remaining option shares will vest in equal monthly installments over the 36 months following September 9, 2015.