John Adam Zangerle - Apr 20, 2022 Form 4 Insider Report for STERIS plc (STE)

Role
Sr. VP, Gen Counsel, and Sec.
Signature
/s/ Ronald E. Snyder, Authorized Representative under Power of Attorney
Stock symbol
STE
Transactions as of
Apr 20, 2022
Transactions value $
-$1,500,036
Form type
4
Date filed
4/21/2022, 04:30 PM
Previous filing
Oct 5, 2021
Next filing
Jun 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STE Ordinary Shares Options Exercise $544K +8K +25.79% $67.98 39K Apr 20, 2022 Direct F1, F2
transaction STE Ordinary Shares Sale -$2.04M -8K -20.5% $255.48 31K Apr 20, 2022 Direct F1, F2, F3

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 -8K -100% $0.00* 0 Apr 20, 2022 Ordinary Shares 8K $67.98 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This exercise of stock options and sale of a total of 8,000 ordinary shares is pursuant to a Rule 10b5-1 Stock Trading Plan entered into by the Reporting Person on February 11, 2022.
F2 14,064 of these ordinary shares are restricted. The restrictions on these ordinary shares lapse as follows: 6,138 on May 31, 2022; 1,504 on June 1, 2022; 819 on June 2, 2022; 202 on October 3, 2022; 834 on May 31, 2023; 752 on June 1, 2023; 819 on June 2, 2023; 202 on October 2, 2023; 752 on June 3, 2024; 819 on June 3, 2024; 202 on October 1, 2024; 819 on June 2, 2025; 202 on October 1, 2025.
F3 Price reflects a weighted average sale price for multiple transactions ranging from $255.48 to $255.54 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.
F4 This option to purchase 8,000 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 8,000 Old STERIS ordinary shares for $67.98 per share, subject to the same terms and conditions as the original Old STERIS stock option, except as otherwise required by law.