Seagate Technology — Director's Dealing 2019

Sep 13, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Seagate Technology plc (STX)
CIK: 0001137789
Period of Report: 2019-09-11

Reporting Person: LUCZO STEPHEN J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-09-11	Ordinary Shares	S	5000	$55.291	Disposed	850559	Indirect
2019-09-11	Ordinary Shares	M	70005	—	Acquired	70005	Direct
2019-09-11	Ordinary Shares	F	3403	$56.21	Disposed	917161	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-09-11	Restricted Share Unit	$	M	70005	Disposed		Ordinary Shares (70005.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Ordinary Shares	155987	Indirect

Footnotes

F1: These Ordinary Shares were sold under a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2: These Ordinary Shares were sold in multiple transactions at sales prices ranging from $55.21 to $55.44, 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 range set forth in the footnote of this Form 4.

F3: Of the 70,005 Ordinary Shares reported as directly held by the Reporting Person, 66,602 Ordinary Shares were transferred on September 12, 2019 to the Stephen J. Luczo Revocable Trust dated January 26, 2001. The remaining 3,403 Ordinary Shares reported as directly held were withheld to cover tax liabilities as reported in Footnote 4.

F4: These Ordinary Shares are withheld securities to cover tax liabilities incident to the vesting of Restricted Stock Units ("RSUs").

F5: Each RSU represents a contingent right to receive one Ordinary Share of the Issuer.

F6: The RSUs, originally granted to the Reporting Person under the Seagate Technology plc 2012 Equity Incentive Plan (the "Plan") for 210,017 Ordinary Shares of which 140,009 Ordinary Shares have been released, vested as to one-third of the shares on September 11, 2018 and each one-year anniversary thereafter.