Andrew Xilas - Jun 2, 2021 Form 4 Insider Report for STERIS plc (STE)

Role: SVP and GM, Dental
Signature: /s/ Ronald E. Snyder, Authorized Representative under Power of Attorney
Stock symbol: STE
Transactions as of: Jun 2, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/4/2021, 04:44 PM
Next filing: Oct 5, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STE	Ordinary Shares	Award		+232			232	Jun 2, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	STE	Restricted Stock Units	Award		+619			619	Jun 2, 2021	Ordinary Shares	619		Direct	F2
transaction	STE	Restricted Stock Units	Award		+277	+39.63%		976	Jun 2, 2021	Ordinary Shares	277		Direct	F3
transaction	STE	Restricted Stock Units	Award		+1.45K	+148.05%		2.42K	Jun 2, 2021	Ordinary Shares	1.45K		Direct	F4
transaction	STE	Restricted Stock Units	Award		+999	+41.26%		3.42K	Jun 2, 2021	Ordinary Shares	999		Direct	F5
transaction	STE	Restricted Stock Units	Award		+113	+3.3%		3.53K	Jun 2, 2021	Ordinary Shares	113		Direct	F6
transaction	STE	Restricted Stock Units	Award		+373	+10.56%		3.91K	Jun 2, 2021	Ordinary Shares	373		Direct	F7, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Received in exchange for 687 shares of Cantel Medical Corp. ("Cantel") common stock in connection with the acquisition of Cantel by STERIS plc ("STERIS") pursuant to a series of transactions (the "Mergers"). Holders of Cantel common stock received $16.93 in cash and 0.33787 STERIS ordinary shares ("Ordinary Shares") per Cantel share outstanding immediately prior to the Mergers.
F2	Reflects 619 restricted stock units ("RSUs") of STERIS. Each STERIS RSU represents a right to receive one Ordinary Share. These STERIS RSUs were received in exchange for 1,453 RSUs of Cantel in connection with the Mergers based on an exchange ratio of 0.4262 STERIS RSUs for every Cantel RSU outstanding immediately prior to the Mergers, with the number of resulting STERIS RSUs rounded to the nearest whole unit. These RSUs are restricted and vest in two equal installments on 10/10/2021 and 10/10/2022.
F3	Reflects 277 STERIS RSUs. Each STERIS RSU represents a right to receive one Ordinary Share. These STERIS RSUs were received in exchange for 650 Cantel RSUs in connection with the Mergers based on an exchange ratio of 0.4262 STERIS RSUs for every Cantel RSU outstanding immediately prior to the Mergers, with the number of resulting STERIS RSUs rounded to the nearest whole unit. These RSUs are restricted and vest in two equal installments on 10/10/2021 and 10/10/2022.
F4	Reflects 1,445 STERIS RSUs. Each STERIS RSU represents a right to receive one Ordinary Share. These STERIS RSUs were received in exchange for 3,390 Cantel RSUs in connection with the Mergers based on an exchange ratio of 0.4262 STERIS RSUs for every Cantel RSU outstanding immediately prior to the Mergers, with the number of resulting STERIS RSUs rounded to the nearest whole unit. These RSUs are restricted and vest in three equal installments on 10/7/2021, 10/7/2022 and 10/7/2023.
F5	Reflects 999 STERIS RSUs. Each STERIS RSU represents a right to receive one Ordinary Share. These STERIS RSUs were received in exchange for 2,345 Cantel RSUs in connection with the Mergers based on an exchange ratio of 0.4262 STERIS RSUs for every Cantel RSU outstanding immediately prior to the Mergers, with the number of resulting STERIS RSUs rounded to the nearest whole unit. These RSUs are restricted and vest in three equal installments on 12/2/2021, 12/2/2022 and 12/2/2023.
F6	Reflects 113 STERIS RSUs. Each STERIS RSU represents a right to receive one Ordinary Share. These STERIS RSUs were received in exchange for 265 performance-based restricted stock units ("PSUs") of Cantel in connection with the Mergers based on an exchange ratio of 0.4262 STERIS RSUs for every Cantel PSU outstanding immediately prior to the Mergers, with the number of resulting STERIS RSUs rounded to the nearest whole unit. These RSUs are restricted and vest in equal installments on 10/10/2021 and 10/10/2022.
F7	Reflects 373 STERIS RSUs. Each STERIS RSU represents a right to receive one Ordinary Share. These STERIS RSUs were received in exchange for 875 Cantel PSUs in connection with the Mergers based on an exchange ratio of 0.4262 STERIS RSUs for every Cantel PSU outstanding immediately prior to the Mergers, with the number of resulting STERIS RSUs rounded to the nearest whole unit. These RSUs are restricted and vest in equal installments on 10/7/2021, 10/7/2022 and 10/7/2023.
F8	The STERIS RSUs will vest as follows: 607 on October 7, 2021, 506 on October 10, 2021, 333 on December 2, 2021, 606 on October 7, 2022, 503 on October 10, 2022, 333 on December 2, 2022, 605 on October 7, 2023 and 333 on December 2, 2023.