Initial Statement of Beneficial Ownership (3)
February 06 2020 - 4:10PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Teh Ban Seng |
2. Date of Event Requiring Statement (MM/DD/YYYY)
1/27/2020
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3. Issuer Name and Ticker or Trading Symbol
Seagate Technology plc [STX]
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(Last)
(First)
(Middle)
10200 S DE ANZA BLVD |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner ___X___ Officer (give title below) _____ Other (specify below) SVP, Sales / |
(Street)
CUPERTINO, CA 95014
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Ordinary Shares | 10829 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 4) | 2. Date Exercisable and Expiration Date (MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
NQ Stock Option | (1) | 9/11/2021 | Ordinary Shares | 17250.0 | $60.87 | D | |
NQ Stock Option | (2) | 9/9/2022 | Ordinary Shares | 171.0 | $50.1 | D | |
NQ Stock Option | (3) | 9/9/2023 | Ordinary Shares | 2947.0 | $36.09 | D | |
NQ Stock Option | (4) | 9/11/2024 | Ordinary Shares | 2592.0 | $30.95 | D | |
Restricted Share Unit | (5) | 9/9/2020 | Ordinary Shares | 1769.0 | $0.0 | D | |
Restricted Share Unit | (6) | 9/11/2021 | Ordinary Shares | 1246.0 | $0.0 | D | |
Restricted Share Unit | (7) | 9/10/2022 | Ordinary Shares | 5355.0 | $0.0 | D | |
Restricted Share Unit | (8) | 9/9/2023 | Ordinary Shares | 9360.0 | $0.0 | D | |
Explanation of Responses: |
(1) | 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. One quarter of the options vested on September 11, 2015, and the remaining options vested in equal monthly installments over the 36 months following September 11, 2015. The number reported reflects the unexercised options remaining under such grant. |
(2) | Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. One quarter of the options vested on September 9, 2016, and the remaining options vested in equal monthly installments over the 36 months following September 9, 2016. The number reported reflects the unexercised options remaining under such grant. |
(3) | Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. One quarter of the options vested on September 9, 2017. Subject to the Reporting Person's continuous employment, the remaining options vest in equal monthly installments over the 36 months following September 9, 2017. The number reported reflects the unvested options remaining under such grant. |
(4) | Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. One quarter of the options vested on September 11, 2018. Subject to the Reporting Person's continuous employment, the remaining options vest in equal monthly installments over the 36 months following September 11, 2018. The number reported reflects the unvested options remaining under such grant. |
(5) | Consists of a grant of restricted share units ("RSUs") awarded to the Reporting Person under the Plan. The RSUs will be converted into Ordinary Shares on a one-for-one basis. Subject to the Reporting Person's continuous employment, such RSUs will be settled in Ordinary Shares in equal installments on each of the first four anniversaries of September 9, 2016. The number reported reflects the unvested RSUs remaining under such grant. |
(6) | Consists of a grant of RSUs awarded to the Reporting Person under the Plan. The RSUs will be converted into Ordinary Shares on a one-for-one basis. Subject to the Reporting Person's continuous employment, such RSUs will be settled in Ordinary Shares in equal installments on each of the first four anniversaries of September 11, 2017. The number reported reflects the unvested RSUs remaining under such grant. |
(7) | Consists of a grant of RSUs awarded to the Reporting Person under the Plan. The RSUs will be converted into Ordinary Shares on a one-for-one basis. Subject to the Reporting Person's continuous employment, such RSUs will be settled in Ordinary Shares in equal installments on each of the first four anniversaries of September 10, 2018. The number reported reflects the unvested RSUs remaining under such grant. |
(8) | Consists of a grant of RSUs awarded to the Reporting Person under the Plan. The RSUs will be converted into Ordinary Shares on a one-for-one basis. Subject to the Reporting Person's continuous employment, such RSUs will be settled in Ordinary Shares in equal installments on each of the first four anniversaries of September 9, 2019. The number reported reflects the unvested RSUs remaining under such grant. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Teh Ban Seng 10200 S DE ANZA BLVD CUPERTINO, CA 95014 |
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| SVP, Sales |
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Signatures
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/s/ Leanne M. Mader Attorney-in-Fact for Ban Seng Teh | | 2/6/2020 |
**Signature of Reporting Person | Date |
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