FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|||||||||||||||
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
|
2. Issuer Name and Ticker or Trading Symbol
Adient plc [ ADNT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
||||||||||||||||||||||||
3. Date of Earliest Transaction
(Month/Day/Year) 12/07/2016 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Deferred Compensation - Phantom Stock Units | (1) | 12/07/2016 | A | 10,467(2) | (3) | (3) | Ordinary Shares | 10,467 | (1) | 314,028 | D | ||||
Employee Stock Option (right to buy) | $41.82 | 10/01/2009(4) | 10/01/2017 | Ordinary Shares | 4,607(5) | 4,607 | D | ||||||||
Employee Stock Option (right to buy) | $29.95 | 10/01/2010(4) | 10/01/2018 | Ordinary Shares | 15,603(5) | 15,603 | D | ||||||||
Employee Stock Option (right to buy) | $25.87 | 10/01/2011(4) | 10/01/2019 | Ordinary Shares | 16,579(5) | 16,579 | D | ||||||||
Employee Stock Option (right to buy) | $31.77 | 10/01/2012(4) | 10/01/2020 | Ordinary Shares | 14,628(5) | 14,628 | D | ||||||||
Employee Stock Option (right to buy) | $28.97 | 10/05/2014(4) | 10/05/2022 | Ordinary Shares | 7,294(5) | 7,294 | D | ||||||||
Employee Stock Option (right to buy) | $29.69 | 10/07/2013(4) | 10/07/2021 | Ordinary Shares | 13,653(5) | 13,653 | D | ||||||||
Employee Stock Option (right to buy) | $45.62 | 10/07/2017(4) | 10/07/2025 | Ordinary Shares | 10,197(5) | 10,197 | D | ||||||||
Employee Stock Option (right to buy) | $52.24 | 11/18/2016(4) | 11/18/2024 | Ordinary Shares | 7,844(5) | 7,844 | D | ||||||||
Employee Stock Option (right to buy) | $50.31 | 11/19/2015(4) | 11/19/2023 | Ordinary Shares | 4,809(5) | 4,809 | D |
Explanation of Responses: |
1. Each unit of phantom stock has the equivalent economic value of one share of Adient common stock. |
2. Reflects the number of shares underlying previously unreported performance share units, which were not subject to being reported, that were converted into time-based restricted share units based on performance results through the end of fiscal year 2016, and as approved by the Compensation Committee on 12/7/2016. The resulting time-based restricted share units remain subject to certain forfeiture and accelerated vesting provisions. |
3. Phantom stock units covered under the Adient Deferred Compensation Plan. The units will settle 100% in cash upon the reporting person's retirement or termination, subject to certain vesting requirements. |
4. 50% of the options vest on the second and the remaining 50% vest on the third anniversary of the award. |
5. Options acquired in connection with the completion of the spin-off pursuant to which Johnson Controls' options were converted into a proportionate number of options of Adient plc. |
/s/Carmen Lesperance, attorney-in-fact for R. Bruce McDonald | 12/09/2016 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |