Sec Form 4 Filing - Forsythe Suzanne V @ STERIS CORP - 2015-11-02

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, 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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1. Name and Address of Reporting Person
Forsythe Suzanne V
2. Issuer Name and Ticker or Trading Symbol
STERIS CORP [ STE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
V. P. - Human Resources
(Last) (First) (Middle)
C/O 5960 HEISLEY ROAD
3. Date of Earliest Transaction (MM/DD/YY)
11/02/2015
(Street)
MENTOR, OH44060
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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
Common Shares, No Par Value 11/02/2015 D 9,908 ( 1 ) D 0 D
Common Shares, No Par Value 11/02/2015 D 1,035 D 0 I See Footnote Below. ( 3 )
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $ 22.83 11/02/2015 D 1,700 ( 4 ) 05/21/2019 Common Shares, No Par Value 1,700 ( 4 ) 0 D
Employee Stock Option (right to buy) $ 31.87 11/02/2015 D 700 ( 5 ) 05/20/2020 Common Shares, No Par Value 700 ( 5 ) 0 D
Employee Stock Option (right to buy) $ 36.09 11/02/2015 D 650 ( 6 ) 05/31/2021 Common Shares, No Par Value 650 ( 6 ) 0 D
Employee Stock Option (right to buy) $ 29.94 11/02/2015 D 3,500 ( 7 ) 05/30/2022 Common Shares, No Par Value 3,500 ( 7 ) 0 D
Employee Stock Option (right to buy) $ 45.34 11/02/2015 D 4,000 ( 8 ) 05/31/2023 Common Shares, No Par Value 4,000 ( 8 ) 0 D
Employee Stock Option (right to buy) $ 53.52 11/02/2015 D 9,000 ( 9 ) 05/30/2024 Common Shares, No Par Value 9,000 ( 9 ) 0 D
Employee Stock Option (right to buy) $ 67.98 11/02/2015 D 8,000 ( 10 ) 08/10/2025 Common Shares, No Par Value 8,000 ( 10 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Forsythe Suzanne V
C/O 5960 HEISLEY ROAD
MENTOR, OH44060
V. P. - Human Resources
Signatures
/s/ Dennis P. Patton, Authorized Representative under Power of Attorney 11/02/2015
Signature of Reporting Person Date
Explanation of Responses:
( 1 )5,338 of these Common Shares are restricted. The restrictions on these Common Shares lapse as follows: 563 on May 31, 2016; 1,000 on May 31, 2016; 1,000 on May 31, 2017; 425 on May 30, 2016; 425 on May 30, 2017; 425 on May 30, 2018; 375 on May 30, 2016; 375 on May 29, 2017; 375 on May 28,2018; and 375 on May 28, 2019.
( 2 )Represents shares of STERIS Corporation ("STERIS") disposed of pursuant to merger of a wholly-owned subsidiary of STERIS plc ("New STERIS") with and into STERIS, with STERIS surviving the merger as a wholly-owned subsidiary of New STERIS (the "Merger"), in exchange for ordinary shares of New STERIS, which was consummated simultaneous with and conditioned on New STERIS' acquisition of Synergy Health plc by commencing a "recommended offer" under English law. At the effective time of the Merger, each STERIS common share was cancelled and converted into the right to receive one New STERIS ordinary share.
( 3 )Represents 1,059.274 units of the STERIS Corporation 401(k) Plan STERIS Stock Fund which equals 1,035 Common share equivalents as of October 29, 2015.
( 4 )This option is fully vested. This option was assumed by New STERIS in the Merger and converted to an option to purchase 1,700 ordinary shares of New STERIS for $22.83 per share, subject to the same terms and conditions that were applicable to the original STERIS option.
( 5 )This option is fully vested. This option was assumed by New STERIS in the Merger and converted to an option to purchase 700 ordinary shares of New STERIS for $31.87 per share, subject to the same terms and conditions that were applicable to the original STERIS option.
( 6 )This option is fully vested. This option was assumed by New STERIS in the Merger and converted to an option to purchase 650 ordinary shares of New STERIS for $36.09 per share, subject to the same terms and conditions that were applicable to the original STERIS option.
( 7 )This option becomes exercisable as follows: 875 on May 30, 2016. This option was assumed by New STERIS in the Merger and converted to an option to purchase 3,500 ordinary shares of New STERIS for $29.94 per share, subject to the same terms and conditions that were applicable to the original STERIS option.
( 8 )This option becomes exercisable as follows: 1,000 on May 31, 2016 and 1,000 on May 31, 2017. This option was assumed by New STERIS in the Merger and converted to an option to purchase 4,000 ordinary shares of New STERIS for $45.34 per share, subject to the same terms and conditions that were applicable to the original STERIS option.
( 9 )This option becomes exercisable as follows: 2,250 on May 30, 2016; 2,250 on May 30, 2017 and 2,250 on May 30, 2018. This option was assumed by New STERIS in the Merger and converted to an option to purchase 9,000 ordinary shares of New STERIS for $53.52 per share, subject to the same terms and conditions that were applicable to the original STERIS option.
( 10 )This option becomes exercisable as follows: 2,000 on May 28, 2016; 2,000 on May 28, 2017; 2,000 on May 28, 2018; and 2,000 on May 28, 2019. This option was assumed by New STERIS in the Merger and converted to an option to purchase 8,000 ordinary shares of New STERIS for $67.98 per share, subject to the same terms and conditions that were applicable to the original STERIS option.

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