Vladimir Makatsaria - Mar 30, 2024 Form 4 Insider Report for LivaNova PLC (LIVN)

Role
Chief Executive Officer, Director
Signature
/s/ Sarah K. Mohr, Attorney-in-Fact
Stock symbol
LIVN
Transactions as of
Mar 30, 2024
Transactions value $
$0
Form type
4
Date filed
4/2/2024, 09:20 PM
Previous filing
Mar 4, 2024

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 Restricted Stock Units Award $0 +13.4K $0.00 13.4K Mar 30, 2024 Ordinary Shares 13.4K Direct F1, F2
transaction LIVN Restricted Stock Units Award $0 +23.9K $0.00 23.9K Mar 30, 2024 Ordinary Shares 23.9K Direct F1, F2
transaction LIVN Performance Stock Units Award $0 +12K $0.00 12K Mar 30, 2024 Ordinary Shares 12K Direct F3, F4
transaction LIVN Performance Stock Units Award $0 +12K $0.00 12K Mar 30, 2024 Ordinary Shares 12K Direct F3, F5
transaction LIVN Performance Stock Units Award $0 +23.9K $0.00 23.9K Mar 30, 2024 Ordinary Shares 23.9K Direct F3, F6
transaction LIVN Stock Appreciation Rights Award $0 +52.3K $0.00 52.3K Mar 30, 2024 Ordinary Shares 52.3K $55.94 Direct F7
transaction LIVN Stock Appreciation Rights Award $0 +29.3K $0.00 29.3K Mar 30, 2024 Ordinary Shares 29.3K $55.94 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit (RSU) represents a contingent right to receive one ordinary share of the Company in accordance with the terms of the LivaNova PLC 2022 Incentive Award Plan (the 2022 Plan) and the award agreement.
F2 On March 30, 2024, reporting person was granted RSUs subject to a four-year vesting in equal annual installments, the first vesting occurring on March 30, 2025. The RSUs are subject to forfeiture prior to vesting in accordance with the terms of the Plan and the award agreement.
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 2022 Plan and the award agreement.
F4 On March 30, 2024, reporting person was granted PSUs to vest or lapse on March 30, 2027 based on how the Company's free cash flow (FCF) for performance period 2024-2026 compares to a target determined by the 2022 Plan Administrator. The number included in column 5 of Table II reflects the target number of PSUs eligible for vesting subject to continued service during the vesting period and the award agreement.
F5 On March 30, 2024, reporting person was granted PSUs to vest or lapse on March 30, 2027 based on how the Company's Return on Investment Capital (ROIC) calculated for the performance period 2024-2026 compares to a target determined by the Plan Administrator. The number included in column 5 of Table II reflects the target number of PSUs eligible for vesting subject to continued service during the vesting period and the award agreement.
F6 On March 30, 2024, reporting person was granted PSUs to vest or lapse on March 30, 2027 based on the Company's total shareholder return (TSR) for the three-year period beginning on January 1, 2024 and ending December 31, 2026 relative to the TSR of an index of companies, as determined by the 2022 Plan Administrator. The number included in column 5 of Table II reflects the target number of PSUs eligible for vesting subject to continued service during the vesting period and the award agreement.
F7 On March 30, 2024, reporting person was granted stock appreciation rights (SARs) subject to a four-year vesting in equal annual installments, the first vesting occurring on March 30, 2025. The SARs are subject to forfeiture prior to vesting in accordance with the terms of the Plan and the award agreement.