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Seagate Technology — Director's Dealing 2017
Sep 13, 2017
9954_dirs_2017-09-12_34965876-2b7e-4151-ab4c-19156e83f123.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: 2017-09-08
Reporting Person: LUCZO STEPHEN J (Director, Chairman & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-08-17 | Ordinary Shares | G | 10000 | — | Disposed | 1214158 | Indirect |
| 2017-09-08 | Ordinary Shares | M | 34375 | $11.065 | Acquired | 87735 | Direct |
| 2017-09-09 | Ordinary Shares | F | 6236 | — | Disposed | 81499 | Direct |
| 2017-09-09 | Ordinary Shares | F | 7422 | — | Disposed | 74077 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-09-08 | NQ Stock Options | $11.065 | M | 34375 | Disposed | 2017-09-13 | Ordinary Shares (34375.0) | Direct |
| 2017-09-11 | Restricted Share Unit | $0.0 | A | 210017 | Acquired | Ordinary Shares (210017.0) | Direct |
Footnotes
F1: On August 17, 2017, the Reporting Person gifted 10,000 Ordinary Shares from the Stephen J. Luczo Revocable Trust dated January 26, 2001.
F2: These Ordinary Shares are withheld securities to cover tax liabilities incident to the vesting of securities previously reported on one or more Forms 4 by the Reporting Person in accordance with Rule 16b-3.
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 vested proportionately over the 36 months following September 13, 2011.
F4: Consists of a grant of restricted stock units 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 three anniversaries of September 11, 2017.