Marco Dolci - 30 Mar 2023 Form 4 Insider Report for LivaNova PLC (LIVN)

Reporting relationship: President CP
Issuer ticker: LIVN
Reported as of: 30 Mar 2023
Net transaction value: -$65,517
SEC form: 4
Accepted by SEC: 03 Apr 2023, 18:05:04 UTC
Prior SEC filing: 01 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ Sarah K. Mohr, POA

Key filing fact

Marco Dolci filed Form 4 for LivaNova PLC (LIVN) on 03 Apr 2023.

Key facts

This page summarizes Marco Dolci's Form 4 filing for LivaNova PLC (LIVN).
17 reported transactions and 9 derivative rows are listed below.
Accepted by SEC: 03 Apr 2023, 18:05.

Change

Previous filing in this sequence was filed on 01 Mar 2023.
Current net transaction value: -$65,517.

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 non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LIVN transaction

Ordinary Shares

Options Exercise

Transaction value: $0
Shares: +514
Change %: +9.1%
Price: $0.000000
Shares after: 6,193
Date: 30 Mar 2023
Ownership: Direct
Footnotes: F1

LIVN transaction

Ordinary Shares

Tax liability

Transaction value: $9,482
Shares: -222
Change %: -3.6%
Price: $42.71
Shares after: 5,971
Date: 30 Mar 2023
Ownership: Direct
Footnotes: F2

LIVN transaction

Ordinary Shares

Options Exercise

Transaction value: $0
Shares: +1,434
Change %: +24%
Price: $0.000000
Shares after: 7,405
Date: 30 Mar 2023
Ownership: Direct
Footnotes: F1

LIVN transaction

Ordinary Shares

Tax liability

Transaction value: $26,352
Shares: -617
Change %: -8.3%
Price: $42.71
Shares after: 6,788
Date: 30 Mar 2023
Ownership: Direct
Footnotes: F2

LIVN transaction

Ordinary Shares

Options Exercise

Transaction value: $0
Shares: +853
Change %: +13%
Price: $0.000000
Shares after: 7,641
Date: 30 Mar 2023
Ownership: Direct
Footnotes: F1

LIVN transaction

Ordinary Shares

Tax liability

Transaction value: $15,675
Shares: -367
Change %: -4.8%
Price: $42.71
Shares after: 7,274
Date: 30 Mar 2023
Ownership: Direct
Footnotes: F2

LIVN transaction

Ordinary Shares

Options Exercise

Transaction value: $0
Shares: +762
Change %: +10%
Price: $0.000000
Shares after: 8,036
Date: 30 Mar 2023
Ownership: Direct
Footnotes: F1

LIVN transaction

Ordinary Shares

Tax liability

Transaction value: $14,009
Shares: -328
Change %: -4.1%
Price: $42.71
Shares after: 7,708
Date: 30 Mar 2023
Ownership: Direct
Footnotes: F2

Reported derivative securities

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

LIVN transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -514
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 30 Mar 2023
Ownership: Direct
Underlying class: Ordinary Shares
Underlying amount: 514
Exercise price
Footnotes: F3, F4, F5

LIVN transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -1,434
Change %: -50%
Price: $0.000000
Shares after: 1,434
Date: 30 Mar 2023
Ownership: Direct
Underlying class: Ordinary Shares
Underlying amount: 1,434
Exercise price
Footnotes: F3, F5, F6

LIVN transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -853
Change %: -33%
Price: $0.000000
Shares after: 1,706
Date: 30 Mar 2023
Ownership: Direct
Underlying class: Ordinary Shares
Underlying amount: 853
Exercise price
Footnotes: F3, F5, F7

LIVN transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -762
Change %: -25%
Price: $0.000000
Shares after: 2,285
Date: 30 Mar 2023
Ownership: Direct
Underlying class: Ordinary Shares
Underlying amount: 762
Exercise price
Footnotes: F3, F5, F8

LIVN transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +5,910
Change %
Price: $0.000000
Shares after: 5,910
Date: 30 Mar 2023
Ownership: Direct
Underlying class: Ordinary Shares
Underlying amount: 5,910
Exercise price
Footnotes: F9, F10

LIVN transaction Derivative

Performance Stock Units

Award

Transaction value: $0
Shares: +2,955
Change %
Price: $0.000000
Shares after: 2,955
Date: 30 Mar 2023
Ownership: Direct
Underlying class: Ordinary Shares
Underlying amount: 2,955
Exercise price
Footnotes: F11, F12

LIVN transaction Derivative

Performance Stock Units

Award

Transaction value: $0
Shares: +2,955
Change %
Price: $0.000000
Shares after: 2,955
Date: 30 Mar 2023
Ownership: Direct
Underlying class: Ordinary Shares
Underlying amount: 2,955
Exercise price
Footnotes: F11, F13

LIVN transaction Derivative

Performance Stock Units

Award

Transaction value: $0
Shares: +5,910
Change %
Price: $0.000000
Shares after: 5,910
Date: 30 Mar 2023
Ownership: Direct
Underlying class: Ordinary Shares
Underlying amount: 5,910
Exercise price
Footnotes: F11, F14

LIVN transaction Derivative

Stock Appreciation Rights

Award

Transaction value: $0
Shares: +12,555
Change %
Price: $0.000000
Shares after: 12,555
Date: 30 Mar 2023
Ownership: Direct
Underlying class: Ordinary Shares
Underlying amount: 12,555
Exercise price: $82.04
Footnotes: F15

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 15 footnotes

Footnote F1

Reporting person had vested restricted stock units (RSUs) settled in ordinary shares of LivaNova PLC (the Company), GBP 1.00 par value.

Footnote F2

The referenced shares were withheld from distribution at the request of reporting person to satisfy tax liability.

Footnote F3

Each RSU represents a contingent right to receive one ordinary share of the Company, GBP 1.00 par value, in accordance with the terms of the LivaNova PLC 2015 Incentive Award Plan (the Plan) and the award agreement.

Footnote F4

On March 30, 2019, reporting person was granted RSUs subject to a four-year vesting schedule, the first vesting for which occurred on March 30, 2020. The RSUs are subject to forfeiture prior to vesting in accordance with the terms of the Plan and the award agreement.

Footnote F5

This number reflects the number of derivative securities beneficially owned following reported transaction for this specific grant.

Footnote F6

On March 30, 2020, reporting person was granted RSUs subject to a four-year vesting schedule, the first vesting for which occurred on March 30, 2021. The RSUs are subject to forfeiture prior to vesting in accordance with the terms of the Plan and the award agreement.

Footnote F7

On March 30, 2021, reporting person was granted RSUs subject to a four-year vesting schedule, the first vesting for which occurred on March 30, 2022. The RSUs are subject to forfeiture prior to vesting in accordance with the terms of the Plan and the award agreement.

Footnote F8

On March 30, 2022, reporting person was granted RSUs subject to a four-year vesting schedule, the first vesting for which occurred on March 30, 2023. The RSUs are subject to forfeiture prior to vesting in accordance with the terms of the Plan and the award agreement.

Footnote F9

Each RSU represents a contingent right to receive one ordinary share of the Company, GBP 1.00 par value, in accordance with the terms of the LivaNova PLC 2022 Incentive Award Plan (the 2022 Plan) and the award agreement.

Footnote F10

On March 30, 2023, reporting person was granted RSUs subject to a four-year vesting schedule, the first vesting occurring on March 30, 2024. The RSUs are subject to forfeiture prior to vesting in accordance with the terms of the 2022 Plan and the award agreement.

Footnote F11

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.

Footnote F12

On March 30, 2023, reporting person was granted PSUs to vest or lapse on March 30, 2026 based on how the Company's free cash flow (FCF) for performance period 2023-2025 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.

Footnote F13

On March 30, 2023, reporting person was granted PSUs to vest or lapse on March 30, 2026 based on how the Company's Return on Investment Capital (ROIC) calculated for the performance period 2023-2025 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.

Footnote F14

On March 30, 2023, reporting person was granted PSUs to vest or lapse on March 30, 2026 based on the the Company's total shareholder return (TSR) for the three-year period beginning on January 1, 2023 and ending December 31, 2025 relative to the total shareholder return of a peer group 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.

Footnote F15

On March 30, 2023, reporting person was granted stock appreciation rights (SARs) subject to a four-year vesting schedule, the first vesting occurring on March 30, 2024. The SARs are subject to forfeiture prior to vesting in accordance with the terms of the 2022 Plan and the award agreement.