Alex Shvartsburg - 01 Mar 2022 Form 4 Insider Report for LivaNova PLC (LIVN)

Role
CFO
Signature
/s/ Sarah K. Mohr, POA
Issuer symbol
LIVN
Transactions as of
01 Mar 2022
Net transactions value
$0
Form type
4
Filing time
03 Mar 2022, 18:51:03 UTC
Previous filing
17 Dec 2021
Next filing
17 Mar 2022
SEC
View on sec.gov

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 LIVN Performance Stock Units Award $0 +1,706 +100% $0.000000 3,412 01 Mar 2022 Ordinary Shares 1,706 Direct F1, F2, F3
transaction LIVN Performance Stock Units Award $0 +875 +51% $0.000000 2,581 01 Mar 2022 Ordinary Shares 875 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance stock unit (PSU) represents a contingent right to receive one ordinary share of LivaNova PLC ("the Company") in accordance with the terms of the LivaNova PLC 2015 Incentive Award Plan (the Plan) and the award agreement.
F2 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.
F3 This number reflects the number of derivative securities beneficially owned following reported transaction for this specific grant.
F4 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.