Damien McDonald - Feb 27, 2023 Form 4 Insider Report for LivaNova PLC (LIVN)

Role
CEO
Signature
/s/ Sarah K. Mohr, POA
Stock symbol
LIVN
Transactions as of
Feb 27, 2023
Transactions value $
-$805,272
Form type
4
Date filed
3/1/2023, 03:11 PM
Previous filing
Dec 19, 2022
Next filing
Apr 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LIVN Ordinary Shares Options Exercise $0 +25.1K +30.01% $0.00 109K Feb 27, 2023 Direct F1
transaction LIVN Ordinary Shares Tax liability -$567K -11.8K -10.85% $47.99 97.1K Feb 27, 2023 Direct F2
transaction LIVN Ordinary Shares Options Exercise $0 +10.6K +10.89% $0.00 108K Feb 27, 2023 Direct F1
transaction LIVN Ordinary Shares Tax liability -$238K -4.97K -4.62% $47.99 103K Feb 27, 2023 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 -25.1K -100% $0.00* 0 Feb 27, 2023 Ordinary Shares 25.1K Direct F3, F4, F5
transaction LIVN Performance Stock Units Options Exercise $0 -10.6K -100% $0.00* 0 Feb 27, 2023 Ordinary Shares 10.6K Direct F3, F5, F6
* 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 performance stock unit (PSU) represents a contingent right to receive one Ordinary Share of the Company in accordance with the terms of the Plan and the award agreement.
F4 On March 30, 2020, the reporting person was granted 34,427 PSUs that would vest upon the filing of the Company's 2022 Form 10-K for the fiscal year ending December 31, 2022. The vesting of the PSUs depended on the Company's performance against a target of the relative total shareholder return (r-TSR) for fiscal years 2020, 2021, and 2022, compared to our peer companies. The Company's performance achieved a result of 73%, and the actual number of vested shares is presented as the quantity that was acquired.
F5 This number reflects the number of derivative securities beneficially owned following reported transaction for this specific grant.
F6 On March 30, 2020, the reporting person received a grant of 34,427 PSUs which were subject to vesting upon the filing of the Company's 2022 Form 10-K for the fiscal year ending December 31, 2022. The number of PSUs that vested was the result of the Company's performance against a target related to Adjusted Free Cash Flow for fiscal years 2020, 2021, and 2022. The performance achieved was 30.7%, and the actual number of vested shares is presented as the quantity that was acquired.