Sec Form 4 Filing - Coward Adrian Vincent @ STERIS Ltd - 2019-03-28

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
Coward Adrian Vincent
2. Issuer Name and Ticker or Trading Symbol
STERIS Ltd [ STE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Sr. V P, Healthcare Spec Serv
(Last) (First) (Middle)
C/O 70 SIR JOHN ROGERSON'S QUAY
3. Date of Earliest Transaction (MM/DD/YY)
03/28/2019
(Street)
DUBLIN, L22
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
Ordinary Shares 03/28/2019 A 23,823 ( 1 ) A 23,823 ( 1 ) D
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) $ 77.07 03/28/2019 A 10,000 ( 3 ) 05/30/2027 Ordinary Shares 10,000 ( 3 ) 10,000 D
Employee Stock Option (right to buy) $ 114.22 03/28/2019 A 15,680 ( 4 ) 05/31/2028 Ordinary Shares 15,680 ( 4 ) 15,680 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Coward Adrian Vincent
C/O 70 SIR JOHN ROGERSON'S QUAY
DUBLIN, L22
Sr. V P, Healthcare Spec Serv
Signatures
/s/ Ronald E. Snyder, Authorized Representative under Power of Attorney 03/28/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )10,452 of these ordinary shares are restricted. The restrictions on these ordinary shares lapse as follows: 6,028 on October 1, 2019; 3,000 on June 1, 2021 and 1,424 on May 31, 2022.
( 2 )Represents ordinary shares of STERIS plc, a public limited company organized under the laws of Ireland ("STERIS") received by the reporting person pursuant to a court-approved scheme of arrangement under English law (the "Scheme"). In connection with the Scheme, the reporting person received shares of STERIS in an amount equal to the number of the reporting person's cancelled shares of STERIS plc, a public limited company organized under the laws of England and Wales ("Old STERIS"). The reporting person's STERIS shares are subject to terms and conditions, including restrictions, substantially identical to those that were applicable to the Old STERIS shares. Following the completion of the Scheme, STERIS became the ultimate holding company of Old STERIS.
( 3 )This option becomes exercisable as follows: 2,500 on May 30, 2018; 2,500 on May 30, 2019; 2,500 on June 1, 2020 and 2,500 on June 1, 2021. This option was received under the Scheme in exchange for an option to purchase 10,000 STERIS ordinary shares for $77.07 per share, subject to the same terms and conditions as the original Old STERIS stock option.
( 4 )This option becomes exercisable as follows: 3,920 on May 31, 2019; 3,920 on June 1, 2020; 3,920 on June 1, 2021 and 3,920 on May 31, 2022. This option was received under the Scheme in exchange for an option to purchase 15,680 STERIS ordinary shares for $114.22 per share, subject to the same terms and conditions as the original Old STERIS stock option.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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