Seagate Technology — Director's Dealing 2020

Sep 12, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Seagate Technology plc (STX)
CIK: 0001137789
Period of Report: 2020-09-09

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-09	Ordinary Shares	M	3032	—	Acquired	18764	Direct
2020-09-09	Ordinary Shares	F	1334	$46.23	Disposed	17430	Direct
2020-09-09	Ordinary Shares	F	1590	$46.23	Disposed	15840	Direct
2020-09-10	Ordinary Shares	F	2624	$45.93	Disposed	13216	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-09	NQ Options	$46.23	A	38700	Acquired		Ordinary Shares (38700.0)	Direct
2020-09-10	Restricted Share Unit	$	M	3032	Disposed		Ordinary Shares (3032.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Ordinary Shares	55231	Indirect

Footnotes

F1: Includes 139 Ordinary Shares purchased by Reporting Person on July 31, 2020 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 Restricted Stock Units ("RSUs").

F3: 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.

F4: 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. Subject to continuous employment, one-quarter of the options will vest on September 9, 2021. The remaining options will vest in equal monthly installments over the 36 months following September 9, 2021.

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

F6: Consists of a grant of RSUs awarded to the Reporting Person under the Plan. Subject to the Reporting Person's continuous employment, such RSUs vest as to one-quarter of the shares on September 9, 2017 and each one-year anniversary thereafter.