Actavis plc 4
4 · Actavis plc · Filed Jul 3, 2014
Insider Transaction Report
Form 4
Actavis plcACT
BUCHEN DAVID A
Chief Legal Officer-Global&Sec
Transactions
- Award
Performance-Based Restricted Stock Unit
2014-07-01+24,210→ 24,210 total→ Ordinary Shares (24,210 underlying) - Award
Stock Option (Right to Buy)
2014-07-01+22,032→ 22,032 totalExercise: $224.00Exp: 2014-07-01→ Ordinary Shares (22,032 underlying) - Award
Ordinary Shares, par value $0.0001
2014-07-01+7,845→ 70,771 total
Footnotes (3)
- [F1]The reported securities are restricted share units, each of which represents a right to receive one ordinary share of Actavis plc. The restricted share units were issued pursuant to the provisions of the Amended and Restated 2013 Incentive Award Plan of Actavis plc and will vest one hundred percent (100%) on the second anniversary of the grant date (July 1, 2014).
- [F2]Represents performance-based restricted share units ("PSUs") which will vest as to one-third of the total grant on each of December 31, 2017, 2018 and 2019, subject to the achievement by the Issuer of certain performance criteria. Each PSU represents a contingent right to receive ordinary shares of the Issuer equal to the product of the applicable performance multiple and the target number of shares underlying the PSU, as set forth in the award agreement between the Issuer and Reporting Person.
- [F3]Vests in five equal annual installments commencing on the first anniversary of the grant date (July 1, 2014).