LivaNova PLC 4
4 · LivaNova PLC · Filed Jun 16, 2016
Insider Transaction Report
Form 4
LivaNova PLCLIVN
Gianotti Stefano
Director
Transactions
- Exercise/Conversion
Common Stock
2016-06-15$48.48/sh+1,209$58,618→ 1,209 total - Disposition to Issuer
Common Stock
2016-06-15$48.48/sh−1,209$58,618→ 0 total - Exercise/Conversion
Restricted Stock Units
2016-06-15−1,209→ 0 total→ Common Stock (1,209 underlying)
Footnotes (3)
- [F1]Restricted stock units ("RSUs") vested on June 15, 2016. The referenced RSUs are being settled in cash based on the closing price of the ordinary shares of LivaNova PLC (the "Company") on June 14, 2016. The Company is settling the RSUs in cash because it does not currently have ordinary shares available to settle the RSUs pursuant to their terms.
- [F2]Shares disposed of to the Company to cover applicable taxes and to cash cover the remainder shares.
- [F3]On October 19, 2015, reporting person was granted 1,209 RSUs which vest on the date of the next Annual General Meeting of the Company. Each RSU represents a contingent right to receive one ordinary share of the Company in accordance with the terms of the LivaNova PLC 2015 Incentive Award Plan. All of such RSUs vested and all restrictions thereon lapsed on June 15, 2016.