FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 02/01/2021 |
3. Issuer Name and Ticker or Trading Symbol
Seagate Technology plc [ STX ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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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 | 15,660 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: 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 Options | (1) | 08/21/2024 | Ordinary Shares | 17,955 | 31.46 | D | |
Restricted Share Unit | (2) | 08/21/2021 | Ordinary Shares | 7,695 | 0.0 | D | |
Restricted Share Unit | (3) | 09/10/2022 | Ordinary Shares | 6,666 | 0.0 | D | |
Restricted Share Unit | (4) | 09/09/2023 | Ordinary Shares | 6,435 | 0.0 | D | |
Restricted Share Unit | (5) | 09/09/2024 | Ordinary Shares | 15,390 | 0.0 | D |
Explanation of Responses: |
1. Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. One quarter of the options vested on August 21, 2018. Subject to the Reporting Person's continuous employment, the remaining options vest in equal monthly installments over the 36 months following August 21, 2018. The number reported reflects the unvested options remaining under such grant. |
2. 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 August 21, 2017. The number reported reflects the unvested RSUs remaining under such grant. |
3. 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. |
4. 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. |
5. 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, 2020. The number reported reflects the unvested RSUs remaining under such grant. |
Remarks: |
/s/ Jamie Amentler, Attorney-in-Fact for Ravi Naik | 02/11/2021 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |