Accession Number: | 0001181431-14-031993 |
Date: | 2014-09-11 |
Issuer: | SEAGATE TECHNOLOGY PLC (STX) |
Original Submission Date: |
MASSARONI KENNETH M
SEAGATE TECHNOLOGY PLC
10200 S. DE ANZA BOULEVARD
CUPERTINO, CA 95014
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
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ORDINARY SHARES | 2014-09-11 | A | 126,000 | a | $0.00 | 195,012 | direct | ||
ORDINARY SHARES | 2014-09-15 | S | 1,256 | d | $59.49 | 193,756 | direct |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
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ID | footnote |
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f1 | on september 11, 2014, the compensation committee of the board of directors of the issuer determined that the performance conditions were met with respect to 63,000 of the 63,000 performance share units granted to mr. massaroni on september 12, 2011. achievement of performance objectives resulted in the reporting person earning ordinary shares in the amount of 200% of the performance share units granted. the 126,000 ordinary shares will vest on september 12, 2014 (or in certain circumstances, at the opening of the next following trading window), subject to the continuous service through such date. |
f2 | these ordinary shares were sold to cover the tax liabilities arising from the vesting of securities previously reported on one or more forms 4 by the reporting person. |
f3 | these ordinary shares were sold in multiple transactions at sales prices ranging from $59.48 to $59.4907, inclusive. the reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the securities and exchange commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote of this form 4. |