Form 4 for LIVN LivaNova PLC
Accepted 2022-03-03 00:00:00 ET · period of report 2022-03-01 · accession 0001639691-22-000022 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-03-03 | 2022-03-01 | LIVN | Dolci Marco | SVP Gbl Ops, R, D | F - Tax | $77.38 | -312 | 376 | -45% | -$24.1K |
| D | 2022-03-03 | 2022-03-01 | LIVN | Dolci Marco | SVP Gbl Ops, R, D | M - OptEx | $0.00 | +688 | 688 | New | $0 |
| DM | 2022-03-03 | 2022-03-01 | LIVN | Dolci Marco | SVP Gbl Ops, R, D | A - Grant | $0.00 | +2,581 | 2,581 | New | $0 |
| D | 2022-03-03 | 2022-03-01 | LIVN | Dolci Marco | SVP Gbl Ops, R, D | M - OptEx | $0.00 | -688 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Ordinary Shares | 2022-03-01 | F | D | 312 | $77.38 | 376 | D | — | — | (F2) The referenced shares were withheld from distribution at the request of reporting person to satisfy tax liability. |
| 2 | Common | Ordinary Shares | 2022-03-01 | M | A | 688 | $0.00 | 688 | D | — | — | (F1) Reporting person had vested performance stock units (PSUs) settled in ordinary shares of LivaNova PLC (the Company), GBP 1.00 par value. |
| 3 | Derivative | Performance Stock Units | 2022-03-01 | A | A | 1,706 | $0.00 | 3,412 | D | — · — to — | 1,706 Ordinary Shares | (F5) This number reflects the number of derivative securities beneficially owned following reported transaction for this specific grant. (F3) Each PSU 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 (the Plan) and the award agreement. (F6) On March 30, 2021, reporting person was granted 1,706 PSUs to vest or lapse on March 30, 2024 based on how the Company's cumulative adjusted free cash flow for fiscal year 2021 compares to a target determined by the Plan Administrator. The Company has determined that 200% of the underlying PSUs shall vest on March 30, 2024, subject to continued service during the vesting period and the award agreement. |
| 4 | Derivative | Performance Stock Units | 2022-03-01 | M | D | 688 | $0.00 | 0 | D | — · — to — | 688 Ordinary Shares | (F5) This number reflects the number of derivative securities beneficially owned following reported transaction for this specific grant. (F3) Each PSU 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 (the Plan) and the award agreement. (F4) On March 29, 2019, reporting person was granted PSUs to vest or lapse on the filing of the Company's Annual Report on Form 10-K for the fiscal year ending December 31, 2021 based on how the Company's cumulative adjusted free cash flow for fiscal years 2019, 2020 and 2021 compares to a target determined by the Plan Administrator. |
| 5 | Derivative | Performance Stock Units | 2022-03-01 | A | A | 875 | $0.00 | 2,581 | D | — · — to — | 875 Ordinary Shares | (F5) This number reflects the number of derivative securities beneficially owned following reported transaction for this specific grant. (F3) Each PSU 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 (the Plan) and the award agreement. (F7) On March 30, 2021, reporting person was granted 1,706 PSUs to vest or lapse on March 30, 2024 based on how the Company's Return on Investment Capital (ROIC) for fiscal year 2021 compares to a target determined by the Plan Administrator. The Company has determined that 151.3% of the underlying PSUs shall vest on March 30, 2024 subject to continued service during the vesting period and the award agreement. |