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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | $ 0 | 02/24/2016 | M | 10,497 (4) | (5) | (5) | Ordinary Shares | 10,497 | $ 0 | 21,313 | D | ||||
Restricted Stock Units | $ 0 | 02/23/2016 | A | 41,885 | (6) | (6) | Ordinary Shares | 41,885 | $ 0 | 41,885 | D | ||||
Stock Option | $ 56.55 | 02/23/2016 | A | 225,800 | 02/23/2017(7) | 02/23/2026 | Ordinary Shares | 225,800 | $ 0 | 225,800 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
CUTLER ALEXANDER M 1000 EATON BOULEVARD CLEVELAND, OH 44122 |
X | See Remarks below. |
/s/Kathleen S. O'Connor, as Attorney-in-Fact | 02/25/2016 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | These ordinary shares were acquired upon the vesting and settlement of certain restricted stock units. |
(2) | These ordinary shares were delivered to the Issuer to pay for the applicable withholding tax due upon vesting of certain restricted stock units. |
(3) | These ordinary shares are held in the Eaton Savings Plan. |
(4) | These restricted stock units were surrendered in exchange for ordinary shares of the Issuer. |
(5) | This field is not applicable. |
(6) | These restricted stock units vest as follows: 33% on the first and second anniversary of the date of the grant and the remaining 34% on the third anniversary of the date of the grant. |
(7) | These options become exercisable as follows: 33% on the first and second anniversary of the date of the grant and the remaining 34% on the third anniversary of the date of the grant. |
Remarks: Chief Executive Officer of Eaton Corporation, a subsidiary of the Issuer |