Seagate Technology — Director's Dealing 2019

Sep 11, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Nygaard Jeffrey D. (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-09-09	Ordinary Shares	M	1252	—	Acquired	12975	Direct
2019-09-09	Ordinary Shares	M	3031	—	Acquired	16006	Direct
2019-09-09	Ordinary Shares	F	1885	$54.78	Disposed	14121	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-09-09	Restricted Share Unit	$	M	1252	Disposed	2019-09-09	Ordinary Shares (1252.0)	Direct
2019-09-09	Restricted Share Unit	$	M	3031	Disposed	2020-09-09	Ordinary Shares (3031.0)	Direct
2019-09-09	NQ Stock Option Grant	$54.78	A	42892	Acquired		Ordinary Shares (42892.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Ordinary Shares	33730	Indirect

Footnotes

F1: Includes 111 Ordinary Shares purchased by Reporting Person on July 31, 2019 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.

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: Each restricted share unit ("RSU") represents a contingent right to receive one Ordinary Share of the Issuer.

F4: The RSUs originally granted to the Reporting Person on September 9, 2015 under the Seagate Technology plc 2012 Equity Incentive Plan (the "Plan") for 5,006 shares, of which all 5,006 shares have been released, vested as to the remaining 1,252 shares on September 9, 2019.

F5: The RSUs originally granted to the Reporting Person on September 9, 2016 under the Plan for 12,125 shares, of which 3,031 shares have been released, vested as to one-quarter of the shares on September 9, 2017 and each one-year anniversary thereafter.

F6: Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. Subject to continuous employment, one quarter of the options will vest on September 9, 2020. The remaining options will vest in equal monthly installments over the 36 months following September 9, 2020.