Form Type: 4

SEC EDGAR Link
Accession Number:0001127602-21-023101
Date:2021-08-02
Issuer: MEDTRONIC PLC (MDT)
Original Submission Date:

Reporting Person:

LERMAN BRADLEY E
710 MEDTRONIC PKWY MS LC300
MINNEAPOLIS, MN 55432

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
ORDINARY SHARES 2021-08-02 S 4,000 d $131.52 48,194 direct
ORDINARY SHARES 2021-08-02 F 5,450 d $131.31 42,744 direct
ORDINARY SHARES 2021-08-02 A 6,019 a $0.00 48,763 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
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 ExercisableExpiration 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
STOCK OPTION (RIGHT TO BUY) 131.26 2021-08-02 deemed execution date A 51,423 (a) 2022-08-02 2031-08-02 ordinary shares 51,423 $131.26 51,423 direct
STOCK OPTION (RIGHT TO BUY) 131.26 2021-08-02 deemed execution date A 1,085 (a) 2022-08-02 2031-08-02 ordinary shares 1,085 $131.26 1,085 direct
PERFORMANCE SHARE UNITS 0.0 2021-08-02 deemed execution date A 15,047 (a) performance share units 15,047 $0.00 15,047 direct
Footnotes
IDfootnote
f1 this transaction was effected pursuant to a rule 10b5-1 trading plan.
f2 this balance increased by 651 shares due to exempt transactions such as dividend reinvestment and employee stock purchase plan.
f3 the restrictions on the award shall lapse 100% on the third anniversary of the grant date.
f4 these options become exercisable at the rate of 25% of the shares granted per year beginning on the first anniversary of grant.
f5 each performance share unit represents a contingent right to receive one share of medtronic common stock.
f6 the number of shares to be issued in connection with the performance share units ("psus") will vary depending on the level of certain performance metrics achieved over a three (3) year performance period. if target performance metrics are achieved, 15,047 shares will be issued. the actual number of shares to be issued could range from a low of 3,010 at minimum performance to a high of 30,094 shares at maximum performance. if minimum performance metrics are not met, such psus may vest at 0 shares.
f7 vests on august 2, 2024.
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