Mark Trudeau - 16 Jun 2022 Form 4 Insider Report for Mallinckrodt plc

Reporting relationship: President and CEO, Director
Issuer ticker: N/A
Reported as of: 16 Jun 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 21 Jun 2022, 18:16:46 UTC
Prior SEC filing: 13 Dec 2021
Next SEC filing: 16 Nov 2022
Source filing: View source filing
Reporting owner signature: /s/ Mark J. Casey, Attorney-in-Fact

Key filing fact

Mark Trudeau filed Form 4 for Mallinckrodt plc on 21 Jun 2022.

Key facts

This page summarizes Mark Trudeau's Form 4 filing for Mallinckrodt plc.
8 reported transactions and 8 derivative rows are listed below.
Accepted by SEC: 21 Jun 2022, 18:16.

Change

Previous filing in this sequence was filed on 13 Dec 2021.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MNKPF transaction Derivative

Employee Share Options (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -38,875
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 Jun 2022
Ownership: Direct
Underlying class: Ordinary shares
Underlying amount: 38,875
Exercise price: $41.73
Footnotes: F1, F2, F3

MNKPF transaction Derivative

Employee Share Options (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -234,437
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 Jun 2022
Ownership: Direct
Underlying class: Ordinary shares
Underlying amount: 234,437
Exercise price: $44.00
Footnotes: F1, F2, F3

MNKPF transaction Derivative

Employee Share Options (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -63,542
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 Jun 2022
Ownership: Direct
Underlying class: Ordinary shares
Underlying amount: 63,542
Exercise price: $51.35
Footnotes: F1, F2, F3

MNKPF transaction Derivative

Employee Share Options (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -108,014
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 Jun 2022
Ownership: Direct
Underlying class: Ordinary shares
Underlying amount: 108,014
Exercise price: $96.96
Footnotes: F1, F2, F3

MNKPF transaction Derivative

Employee Share Options (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -175,528
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 Jun 2022
Ownership: Direct
Underlying class: Ordinary shares
Underlying amount: 175,528
Exercise price: $72.61
Footnotes: F1, F2, F3

MNKPF transaction Derivative

Employee Share Options (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -249,785
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 Jun 2022
Ownership: Direct
Underlying class: Ordinary shares
Underlying amount: 249,785
Exercise price: $51.73
Footnotes: F1, F2, F3

MNKPF transaction Derivative

Employee Share Options (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -946,003
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 Jun 2022
Ownership: Direct
Underlying class: Ordinary shares
Underlying amount: 946,003
Exercise price: $13.80
Footnotes: F1, F2, F3

MNKPF transaction Derivative

Employee Share Options (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -514,002
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 Jun 2022
Ownership: Direct
Underlying class: Ordinary shares
Underlying amount: 514,002
Exercise price: $22.26
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Mark Trudeau is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

On October 12, 2020, Mallinckrodt plc, an Irish public limited company in examination under Part 10 of the Companies Act 2014 of Ireland ("Mallinckrodt"), and certain of its subsidiaries voluntarily initiated proceedings under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") in the U.S. Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). On February 3, 2022, the Bankruptcy Court issued an opinion (which was subsequently revised on February 8, 2022 to make minor corrections) stating its intention to confirm Mallinckrodt's Fourth Amended Joint Plan of Reorganization of Mallinckrodt Plc and Its Debtor Affiliates Under Chapter 11 of the Bankruptcy Code.

Footnote F2

(Continued from Footnote 1) On March 2, 2022, the Bankruptcy Court entered an order confirming the Fourth Amended Joint Plan of Reorganization (with Technical Modifications) of Mallinckrodt Plc and Its Debtor Affiliates Under Chapter 11 of the Bankruptcy Code (as amended, supplemented or otherwise modified, the "Plan"), and on June 16, 2022 (the "Effective Date"), the Plan became effective and Mallinckrodt emerged from bankruptcy.

Footnote F3

On the Effective Date, all of Mallinckrodt's previously outstanding ordinary shares (the "Ordinary Shares"), including options, warrants, rights, restricted stock units or other securities or agreements to acquire such ordinary shares, were cancelled and extinguished pursuant to the Plan.

SEC remarks

In connection with emergence, the reporting person ceased to be a Section 16 reporting person. This Form 4 constitutes a notice to the Issuer for purposes of Part V of the Companies Act 2014.