Ahmet Tezel - 15 Jun 2024 Form 4 Insider Report for LivaNova PLC (LIVN)

Signature
/s/ Sarah K. Mohr, Attorney-in-Fact
Issuer symbol
LIVN
Transactions as of
15 Jun 2024
Net transactions value
$0
Form type
4
Filing time
18 Jun 2024, 16:06:35 UTC
Previous filing
17 May 2024
Next filing
01 Apr 2025

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 +11,863 $0.000000 11,863 15 Jun 2024 Ordinary Shares 11,863 Direct F1, F2
transaction LIVN Performance Stock Units Award $0 +3,559 $0.000000 3,559 15 Jun 2024 Ordinary Shares 3,559 Direct F3, F4
transaction LIVN Performance Stock Units Award $0 +3,559 $0.000000 3,559 15 Jun 2024 Ordinary Shares 3,559 Direct F3, F5
transaction LIVN Performance Stock Units Award $0 +7,118 $0.000000 7,118 15 Jun 2024 Ordinary Shares 7,118 Direct F3, F6
transaction LIVN Stock Appreciation Rights Award $0 +25,383 $0.000000 25,383 15 Jun 2024 Ordinary Shares 25,383 $52.68 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 LivaNova PLC ("the Company") GBP 1.00 par value in accordance with the terms of the Company's 2022 Incentive Award Plan ("the Plan") and the award agreement.
F2 On June 15, 2024, reporting person was granted RSUs subject to a four-year vesting in equal annual installments, the first vesting occurring on June 15, 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, GBP 1.00 par value, in accordance with the terms of the Plan and the award agreement.
F4 On June 15, 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 June 15, 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 June 15, 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 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 June 15, 2024, reporting person was granted stock appreciation rights ("SARs") subject to a four-year vesting in equal annual installments, the first vesting occurring on June 15, 2025. The SARs are subject to forfeiture prior to vesting in accordance with the terms of the Plan and the award agreement.