Seagate Technology — Director's Dealing 2020

Oct 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Seagate Technology plc (STX)
CIK: 0001137789
Period of Report: 2020-10-21

Reporting Person: Adams Mark (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-21	Ordinary Shares	M	5579	—	Acquired	5579	Direct
2020-10-21	Ordinary Shares	F	2009	$51.69	Disposed	15543	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-10-21	Restricted Share Unit	$0.0	M	5579	Disposed		Ordinary Shares (5579.0)	Direct
2020-10-22	Restricted Share Unit	$0.0	A	5847	Acquired		Ordinary Shares (5847.0)	Direct

Footnotes

F1: On October 22, 2020, the Reporting Person transferred 3,570 Ordinary Shares previously owned directly (5,579 Ordinary Shares vested on October 21, 2020 minus 2,009 Ordinary Shares withheld to cover tax liabilities) to Mark Woolsey Adams and Maureen Madden Adams, Trustees Adams Family Trust DTD 10/27/2000 ("Adams Family Trust DTD 10/27/2000").

F2: These Ordinary Shares are withheld securities to cover tax liabilities incident to the vesting of Restricted Share Units ("RSUs").

F3: All shares previously reported as directly held by the Reporting Person were transferred following acquisition to the Adams Family Trust DTD 10/27/2000, over which the Reporting Person serves as co-trustee.

F4: Each RSU represents a contingent right to receive one Ordinary Share of the Issuer. The award vested on the date prior to the annual general meeting of the shareholders of the Issuer following the end of the Issuer's fiscal year ended July 3, 2020.

F5: Consists of a grant of RSUs awarded to the Reporting Person under the Amended and Restated Seagate Technology plc 2012 Equity Incentive Plan for no consideration. Each RSU represents a contingent right to receive one Ordinary Share of the Issuer. Subject to the Reporting Person's continuous service with the Issuer, shares will be released to the Reporting Person on the earlier of (i) one year from the date of grant and (ii) the date of the next annual general meeting of shareholders which is at least fifty (50) weeks after the immediately preceding year's annual meeting.