Karen L. Burton - Feb 15, 2022 Form 4 Insider Report for STERIS plc (STE)

Role: VP, Controller & CAO
Signature: /s/ Ronald E. Snyder, Authorized Representative under Power of Attorney
Stock symbol: STE
Transactions as of: Feb 15, 2022
Transactions value $: -$423,514
Form type: 4
Date filed: 2/17/2022, 04:01 PM
Previous filing: Oct 5, 2021
Next filing: Mar 31, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STE	Ordinary Shares	Options Exercise	$181K	+2.6K	+40.78%	$69.72	8.98K	Feb 15, 2022	Direct
transaction	STE	Ordinary Shares	Sale	-$605K	-2.6K	-28.97%	$232.61	6.38K	Feb 15, 2022	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	Employee Stock Option (right to buy)	Options Exercise	$0	-2.6K	-100%	$0.00^*	0	Feb 15, 2022	Ordinary Shares	2.6K	$69.72	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Price reflects a weighted average sale price for multiple transactions ranging from $232.5000 to $232.6650 per share, inclusive. The Reporting Person undertakes to provide, upon request by the SEC Staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F2	This option to purchase 2,600 STERIS ordinary shares, which is fully vested, was received in conjunction with the Redomiciliation of the entity organized under the laws of the U.K. and formerly named STERIS plc ("Old STERIS") in exchange for an option to purchase 2,600 Old STERIS ordinary shares for $69.72 per share, subject to the same terms and conditions as the original Old STERIS stock option, except as otherwise required by law.

Content

Price reflects a weighted average sale price for multiple transactions ranging from $232.5000 to $232.6650 per share, inclusive. The Reporting Person undertakes to provide, upon request by the SEC Staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

This option to purchase 2,600 STERIS ordinary shares, which is fully vested, was received in conjunction with the Redomiciliation of the entity organized under the laws of the U.K. and formerly named STERIS plc ("Old STERIS") in exchange for an option to purchase 2,600 Old STERIS ordinary shares for $69.72 per share, subject to the same terms and conditions as the original Old STERIS stock option, except as otherwise required by law.