Keyna Pidcock Skeffington - Mar 1, 2022 Form 4 Insider Report for LivaNova PLC (LIVN)

Signature
/s/ Sarah K. Mohr, POA
Stock symbol
LIVN
Transactions as of
Mar 1, 2022
Transactions value $
-$28,166
Form type
4
Date filed
3/3/2022, 06:52 PM
Previous filing
Jan 4, 2022
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LIVN Ordinary Shares Options Exercise $0 +774 +13.5% $0.00 6.51K Mar 1, 2022 Direct F1
transaction LIVN Ordinary Shares Tax liability -$28.2K -364 -5.59% $77.38 6.14K Mar 1, 2022 Direct F2

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 Options Exercise $0 -774 -100% $0.00* 0 Mar 1, 2022 Ordinary Shares 774 Direct F3, F4, F5
transaction LIVN Performance Stock Units Award $0 +1.71K +100% $0.00 3.41K Mar 1, 2022 Ordinary Shares 1.71K Direct F3, F5, F6
transaction LIVN Performance Stock Units Award $0 +875 +51.29% $0.00 2.58K Mar 1, 2022 Ordinary Shares 875 Direct F3, F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting person had vested performance stock units (PSUs) settled in ordinary shares of LivaNova PLC (the Company), GBP 1.00 par value.
F2 The referenced shares were withheld from distribution at the request of reporting person to satisfy tax liability.
F3 Each PSU represents a contingent right to receive one ordinary share of the Company in accordance with the terms of the LivaNova PLC 2015 Plan (the Plan) and the award agreement.
F4 On March 29, 2019, reporting person was granted PSUs to vest or lapse on the filing of the Company's Annual Report on Form 10-K for the fiscal year ending December 31, 2021 based on how the Company's cumulative adjusted free cash flow for fiscal years 2019, 2020 and 2021 compares to a target determined by the Plan Administrator.
F5 This number reflects the number of derivative securities beneficially owned following reported transaction for this specific grant.
F6 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.
F7 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.