Manko Douglas John 4
4 · LivaNova PLC · Filed Mar 3, 2020
Insider Transaction Report
Form 4
LivaNova PLCLIVN
Manko Douglas John
Chief Accounting Officer
Transactions
- Exercise/Conversion
Ordinary Shares
2020-03-01+754→ 3,106 total - Tax Payment
Ordinary Shares
2020-03-01$69.72/sh−224$15,617→ 2,882 total - Exercise/Conversion
Restricted Stock Units
2020-03-01−754→ 7,552 total→ Ordinary Shares (754 underlying)
Footnotes (4)
- [F1]Reporting person had vested restricted stock units (RSUs) settled in ordinary shares (Ordinary Shares) of LivaNova PLC (the Company), GBP 1.00 par value.
- [F2]The referenced shares were withheld from distribution at the request of reporting person to satisfy tax liability.
- [F3]Each RSU represents a contingent right to receive one Ordinary Share of the Company, GBP 1.00 par value, in accordance with the terms of the LivaNova PLC 2015 Incentive Award Plan (the Plan) and the award agreement.
- [F4]On May 5, 2017, reporting person was granted RSUs that vest 25% on the second day after release of LivaNova's full-year 2019 financial results, February 27, 2020 (Measure Date), provided and to the extent that a market condition is achieved on the Measure Date. The market condition is a stock price that ranges between a threshold price, at which one-third of the RSUs become eligible for vesting and a target price, at which all of the RSUs become eligible for vesting, with the number of RSUs eligible for vesting at a price between the threshold price and the target price determined by linear interpolation. The number included in column 7 of Table II reflects the RSUs eligible for vesting at the target price subject to continued service during the vesting period and the award agreement.