TYCO INTERNATIONAL plc 4
4 · TYCO INTERNATIONAL plc · Filed Sep 7, 2016
Insider Transaction Report
Form 4
ONEILL BRENDAN R
Director
Transactions
- Exercise/Conversion
Common Shares
2016-09-02+21,087→ 38,403 total - Exercise/Conversion
Deferred Stock Units
2016-09-02−21,087→ 0 total→ Common Shares (21,087 underlying)
Footnotes (2)
- [F1]Reflects ordinary shares delivered on conversion of deferred stock units ("DSUs") originally granted on multiple dates through September 2008. The number of ordinary shares reflects an adjustment for the 0.955-for-1 consolidation that applied to Tyco ordinary shares and equity awards immediately prior to the merger between Johnson Controls, Inc. and a subsidiary of Tyco International plc on September 2, 2016 (the "Merger").
- [F2]DSUs were issued under Tyco's 2004 Stock and Incentive Plan (the "Plan") at a value based on the closing price of Tyco common stock on the grant date. DSUs immediately vested upon grant date and accrued dividends while deferred. In connection with the Merger and pursuant to the terms of the DSUs, ordinary shares were delivered in respect of DSUs on a 1-for-1 basis.