Form 4 for LIVN LivaNova PLC
Accepted 2023-03-01 00:00:00 ET · period of report 2023-02-27 · accession 0001639691-23-000019 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-03-01 | 2023-02-27 | LIVN | McDonald Damien | CEO | M - OptEx | $0.00 | +35.7K | 108.9K | +49% | $0 |
| DM | 2023-03-01 | 2023-02-27 | LIVN | McDonald Damien | CEO | F - Tax | $47.99 | -16.8K | 102.7K | -14% | -$805.3K |
| DM | 2023-03-01 | 2023-02-27 | LIVN | McDonald Damien | CEO | M - OptEx | $0.00 | -35.7K | 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 | 2023-02-27 | M | A | 10,569 | $0.00 | 107,637 | D | — | — | (F1) Reporting person had vested performance stock units (PSUs) settled in ordinary shares of LivaNova PLC (the Company), GBP 1.00 par value. |
| 2 | Common | Ordinary Shares | 2023-02-27 | F | D | 11,812 | $47.99 | 97,068 | D | — | — | (F2) The referenced shares were withheld from distribution at the request of reporting person to satisfy tax liability. |
| 3 | Common | Ordinary Shares | 2023-02-27 | M | A | 25,131 | $0.00 | 108,880 | D | — | — | (F1) Reporting person had vested performance stock units (PSUs) settled in ordinary shares of LivaNova PLC (the Company), GBP 1.00 par value. |
| 4 | Common | Ordinary Shares | 2023-02-27 | F | D | 4,968 | $47.99 | 102,669 | D | — | — | (F2) The referenced shares were withheld from distribution at the request of reporting person to satisfy tax liability. |
| 5 | Derivative | Performance Stock Units | 2023-02-27 | M | D | 25,131 | $0.00 | 0 | D | — · — to — | 25,131 Ordinary Shares | (F5) This number reflects the number of derivative securities beneficially owned following reported transaction for this specific grant. (F3) Each performance stock unit (PSU) represents a contingent right to receive one Ordinary Share of the Company in accordance with the terms of the Plan and the award agreement. (F4) On March 30, 2020, the reporting person was granted 34,427 PSUs that would vest upon the filing of the Company's 2022 Form 10-K for the fiscal year ending December 31, 2022. The vesting of the PSUs depended on the Company's performance against a target of the relative total shareholder return (r-TSR) for fiscal years 2020, 2021, and 2022, compared to our peer companies. The Company's performance achieved a result of 73%, and the actual number of vested shares is presented as the quantity that was acquired. |
| 6 | Derivative | Performance Stock Units | 2023-02-27 | M | D | 10,569 | $0.00 | 0 | D | — · — to — | 10,569 Ordinary Shares | (F5) This number reflects the number of derivative securities beneficially owned following reported transaction for this specific grant. (F3) Each performance stock unit (PSU) represents a contingent right to receive one Ordinary Share of the Company in accordance with the terms of the Plan and the award agreement. (F6) On March 30, 2020, the reporting person received a grant of 34,427 PSUs which were subject to vesting upon the filing of the Company's 2022 Form 10-K for the fiscal year ending December 31, 2022. The number of PSUs that vested was the result of the Company's performance against a target related to Adjusted Free Cash Flow for fiscal years 2020, 2021, and 2022. The performance achieved was 30.7%, and the actual number of vested shares is presented as the quantity that was acquired. |