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Seagate Technology — Director's Dealing 2016
Sep 28, 2016
9954_dirs_2016-09-28_13f63739-4455-426d-a56f-31500d0e9c34.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: 2016-09-26
Reporting Person: MORTON DAVID H JR (EVP & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-09-26 | Ordinary Shares | A | 2117 | — | Acquired | 22899 | Direct |
| 2016-09-27 | Ordinary Shares | F | 796 | — | Disposed | 22103 | Direct |
Footnotes
F1: On September 26, 2016, the Compensation Committee of the Board of Directors of the Issuer determined that the performance conditions were met with respect to 2,117 of the 2,160 Performance Share Units granted to Mr. Morton on September 9, 2013. Achievement of performance objectives resulted in the Reporting Person earning Ordinary Shares in the amount of 98% of the Performance Share Units granted. The 2,117 Ordinary Shares vested on September 26, 2016.
F2: These Ordinary Shares are withheld securities to cover tax liabilities incident to the vesting of the above-listed Performance Share Units in accordance with Rule 16b-3.