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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 | ||||||||
Phantom Share Units | $ 0 | 11/30/2012 | D | 6,482.085 | (2) | (2) | Common Shares | 6,482.085 | (3) | 0 | D | ||||
Restricted Stock Units | $ 0 | 11/30/2012 | D | 2,150 | (4) | (4) | Common Shares | 2,150 | (4) | 0 | D | ||||
Restricted Stock Units | $ 0 | 11/30/2012 | D | 9,736 | (5) | (5) | Common Shares | 9,736 | (5) | 0 | D | ||||
Restricted Stock Units | $ 0 | 11/30/2012 | D | 4,500 | (6) | (6) | Common Shares | 4,500 | (6) | 0 | D | ||||
Restricted Stock Units | $ 0 | 11/30/2012 | D | 6,560 | (7) | (7) | Common Shares | 6,560 | (7) | 0 | D | ||||
Stock Option | $ 51.94 | 11/30/2012 | D | 24,250 | (8) | 02/21/2022 | Common Shares | 24,250 | (8) | 0 | D | ||||
Stock Option | $ 53.71 | 11/30/2012 | D | 24,000 | (9) | 02/22/2021 | Common Shares | 24,000 | (9) | 0 | D | ||||
Stock Option | $ 34.31 | 11/30/2012 | D | 47,200 | (10) | 02/21/2016 | Common Shares | 47,200 | (10) | 0 | D | ||||
Stock Option | $ 40.405 | 11/30/2012 | D | 40,000 | (11) | 02/27/2017 | Common Shares | 40,000 | (11) | 0 | D | ||||
Stock Option | $ 41.565 | 11/30/2012 | D | 45,000 | (12) | 02/26/2018 | Common Shares | 45,000 | (12) | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
McGuire Mark M EATON CENTER 1111 SUPERIOR AVE. CLEVELAND, OH 44114 |
EVP and General Counsel |
/s/ Kathleen S. O'Connor, as Attorney-in-Fact | 12/03/2012 | |
**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) | Represents shares of Eaton Corporation ("Eaton") disposed of pursuant to merger of a wholly-owned subsidiary of Eaton Corporation plc ("New Eaton") with and into Eaton, with Eaton surviving the merger as a wholly-owned subsidiary of New Eaton (the "Merger"), in exchange for ordinary shares of New Eaton, which was consummated simultaneous with and conditioned on New Eaton's acquisition of Cooper Industries plc by means of a "scheme of arrangement", an Irish statutory procedure under the Companies Act of 1963. At the effective time of the Merger, each Eaton common share was cancelled and converted into the right to receive one New Eaton ordinary share. |
(2) | This field is not applicable. |
(3) | These phantom share units were assumed by New Eaton in the Merger and replaced with 6,482.085 New Eaton phantom share units with the same terms and conditions as the original Eaton phantom share units. |
(4) | These restricted stock units, which vest in four equal installments beginning on February 24, 2010, were assumed by New Eaton in the Merger and replaced with 2,150 New Eaton restricted stock units with the same terms and conditions as the original Eaton restricted stock units. |
(5) | These restricted stock units, which vest in four equal installments beginning on February 23, 2011, were assumed by New Eaton in the Merger and replaced with 9,736 New Eaton restricted stock units with the same terms and conditions as the original Eaton restricted stock units. |
(6) | These restricted stock units, which vest in four equal installments beginning on February 22, 2012, were assumed by New Eaton in the Merger and replaced with 4,500 New Eaton restricted stock units with the same terms and conditions as the original Eaton restricted stock units. |
(7) | These restricted stock units, which vest in four equal installments beginning on February 21, 2013, were assumed by New Eaton in the Merger and replaced with 6,560 New Eaton restricted stock units with the same terms and conditions as the original Eaton restricted stock unit. |
(8) | This option, which provided for vesting in three equal installments beginning on February 21, 2013, was assumed by New Eaton in the Merger and replaced with an option to purchase 24,250 ordinary shares of New Eaton for $51.94 per share with the same terms and conditions as the original Eaton stock option. |
(9) | This option, which provided for vesting in three equal installments beginning on February 22, 2012, was assumed by New Eaton in the Merger and replaced with an option to purchase 24,000 ordinary shares of New Eaton for $53.71 per share with the same terms and conditions as the original Eaton stock option. |
(10) | This option, which was fully vested at the effective time of the Merger, was assumed by New Eaton in the Merger and replaced with an option to purchase 47,200 ordinary shares of New Eaton for $34.31 per share with the same terms and conditions as the original Eaton stock option. |
(11) | This option, which was fully vested at the effective time of the Merger, was assumed by New Eaton in the Merger and replaced with an option to purchase 40,000 ordinary shares of New Eaton for $40.405 per share with the same terms and conditions as the original Eaton stock option. |
(12) | This option, which was fully vested at the effective time of the Merger, was assumed by New Eaton in the Merger and replaced with an option to purchase 45,000 ordinary shares of New Eaton for $41.565 per share with the same terms and conditions as the original Eaton stock option. |