0001127602-17-027724.txt : 20170919 0001127602-17-027724.hdr.sgml : 20170919 20170919160415 ACCESSION NUMBER: 0001127602-17-027724 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170915 FILED AS OF DATE: 20170919 DATE AS OF CHANGE: 20170919 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HALEY JOHN J CENTRAL INDEX KEY: 0001215018 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-16503 FILM NUMBER: 171092045 MAIL ADDRESS: STREET 1: 901 N GLEBE ROAD CITY: ARLINGTON STATE: VA ZIP: 22203 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: WILLIS TOWERS WATSON PLC CENTRAL INDEX KEY: 0001140536 STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE AGENTS BROKERS & SERVICES [6411] IRS NUMBER: 000000000 STATE OF INCORPORATION: L2 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: C/O WILLIS GROUP LIMITED STREET 2: 51 LIME STREET CITY: LONDON ENGLAND STATE: X0 ZIP: EC3M 7DQ BUSINESS PHONE: 44-20-3124-6000 MAIL ADDRESS: STREET 1: C/O WILLIS GROUP LIMITED STREET 2: 51 LIME STREET CITY: LONDON ENGLAND STATE: X0 ZIP: EC3M 7DQ FORMER COMPANY: FORMER CONFORMED NAME: WILLIS GROUP HOLDINGS PLC DATE OF NAME CHANGE: 20100104 FORMER COMPANY: FORMER CONFORMED NAME: WILLIS GROUP HOLDINGS LTD DATE OF NAME CHANGE: 20010514 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2017-09-15 0001140536 WILLIS TOWERS WATSON PLC WLTW 0001215018 HALEY JOHN J C/O WILLIS GROUP LIMITED 51 LIME STREET LONDON X0 EC3M 7DQ UNITED KINGDOM 1 1 Chief Executive Officer Restricted Share Unit 2017-09-15 4 A 0 56063 0 A Ordinary Shares, nominal value $0.000304635 per share 56063 100979.988 D Restricted Share Unit 2017-09-15 4 F 0 1318 152.42 D Ordinary Shares, nominal value $0.000304635 per share 1318 99661.988 D Restricted share units settle for Ordinary Shares, nominal value $0.000304635 per share, on a 1:1 basis 6 months after the reporting person's termination date. The Reporting Person was granted unvested performance-vesting restricted share units (PVRSUs) on September 25, 2013, which vest over a three-year performance period to the extent that certain predetermined performance criteria are achieved and based on the Reporting Person's continued employment with the Issuer. Pursuant to the terms of the applicable award agreement, the award's performance in the event of a Change in Control occurring during the performance period was considered to be the greater of target or actual performance at the time of the Change in Control. As the PVRSUs were accruing at 204% at the time of the Willis Towers Watson merger, that level of performance was locked in upon the closing of the merger. The PVRSUs thereafter vested and were settled in shares on September 15, 2017 and are reported herein. The number of PVRSUs that vested includes additional restricted share units granted as a result of the special dividend declared by Towers Watson on December 29, 2015. In order to maintain the Company's tax deductions, these shares are being deferred into the Towers Watson Non-Qualified Deferred Savings Plan for US Employees. This represents restricted share units that were withheld by the Issuer to satisfy local withholding tax requirements. /s/ John J. Haley by Thomas D. Scholtes, Attorney-in-Fact (power of attorney previously filed) 2017-09-19