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Seagate Technology — Director's Dealing 2020
Dec 18, 2020
9954_dirs_2020-12-18_ec7f15cb-1134-4bd7-844f-bfebcfc5cb52.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: 2020-12-16
Reporting Person: Nygaard Jeffrey D. (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-12-18 | Ordinary Shares | M | 10000 | $39.85 | Acquired | 10000 | Direct |
| 2020-12-16 | Ordinary Shares | A | 10000 | $66 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-12-16 | NQ Stock Option | $39.85 | M | 10000 | Disposed | 2024-11-20 | Ordinary Shares (10000.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Ordinary Shares | 76875 | Indirect |
Footnotes
F1: The option exercise and sale of Ordinary Shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2: On December 14, 2020, the Reporting Person transferred 21,644 Ordinary Shares previously owned directly to the Jeffrey D. Nygaard Revocable Trust U/A Dated August 17, 2009.
F3: Options granted to the Reporting Person under the Seagate Technology plc 2012 Equity Incentive Plan (the "Plan") are subject to a four-year vesting schedule. One quarter of the options vested on November 20, 2018. Subject to the Reporting Person's continuous employment, the remaining options vest in equal monthly installments over the 36 months following November 20, 2018.