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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
NQ Options | $ 30.23 | 08/01/2012 | A | 191,860 | (3) | 08/01/2019 | Ordinary Shares | 191,860 | $ 0 | 191,860 | D | ||||
NQ Performance Options | $ 30.23 | 08/01/2012 | A | 206,300 | (4) | 08/01/2019 | Ordinary Shares | 206,300 | $ 0 | 206,300 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
LUCZO STEPHEN J SEAGATE TECHNOLOGY PLC 10200 S. DE ANZA BOULEVARD CUPERTINO, CA 95014 |
X | Chairman, President and CEO |
/S/ Roberta S. Cohen for Stephen J. Luczo | 08/03/2012 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Consists of a grant of performance share units awarded to the Reporting Person under the Seagate Technology plc 2012 Equity Incentive Plan (the "Plan") for no consideration. Each peformance share unit represents a contingent right to receive one ordinary share of the Issuer. Subject to the Reporting Person's continuous service, shares will be issued to the Reporting Person upon the attainment of specified performance goals. |
(2) | The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. |
(3) | Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. Subject to the Reporting Person's continuous service, one quarter of the option shares will vest on August 1, 2013 and the remaining option shares will vest proportionally each month over each of the following 36 months beginning on September 1, 2013. |
(4) | Options granted to the Reporting Person under the Plan will vest in full on the third anniversary of the grant date, subject to the Reporting Person's continuous service and the attainment of specified performance goals. |