Seagate 2015 Annual Report Download - page 103

TableofContents
SEAGATETECHNOLOGYPLC
NOTESTOCONSOLIDATEDFINANCIALSTATEMENTS—(Continued)
ThefollowingtablesetsforthinformationwithrespecttorepurchasesoftheCompany'sordinarysharesduringfiscalyears2016,2015and2014:
11.Compensation
Stock-BasedCompensationPlans
TheCompany'sstock-basedcompensationplanshavebeenestablishedtopromotetheCompany'slong-termgrowthandfinancialsuccessbyproviding
incentivestoitsemployees,directors,andconsultantsthroughgrantsofshare-basedawards.TheprovisionsoftheCompany'sstock-basedbenefitplans,which
allowforthegrantofvarioustypesofequity-basedawards,arealsointendedtoprovidegreaterflexibilitytomaintaintheCompany'scompetitiveabilitytoattract,
retainandmotivateparticipantsforthebenefitoftheCompanyanditsshareholders.
SeagateTechnologyplc2012EquityIncentivePlan(the"EIP").OnOctober26,2011,theshareholdersapprovedtheEIPandauthorizedtheissuanceofup
toatotalof27.0millionordinaryshares,parvalue$0.0001pershare,plusanysharesremainingavailableforgrantundertheSeagateTechnologyplc2004Share
CompensationPlan(the"SCP")asoftheeffectivedateoftheEIP(whichwasequalto11.0millionordinarysharesasoftheeffectivedateoftheEIPandwhich
willincreasebysuchadditionalnumberofsharesaswillbereturnedtothesharereserveinrespectofawardspreviouslygrantedundertheSCP)(together,the
"ShareReserve").OnOctober22,2014,theshareholdersauthorizedtheissuancefromtheEIPofanadditional25millionordinaryshares,parvalue$0.0001per
share.AnysharesthataresubjecttooptionsorshareappreciationrightsgrantedundertheEIPwillbecountedagainsttheShareReserveasoneshareforeveryone
sharegranted,andanysharesthataresubjecttorestrictedsharebonusawards,restrictedshareunits,performancesharebonusawardsorperformanceshareawards
(collectively,"Full-ValueShareAwards")willgenerallybecountedagainsttheShareReserveastwoandfive-tenthssharesforeveryonesharegranted.Asof
July1,2016,therewereapproximately32.7millionordinarysharesavailableforissuanceundertheEIP.
DotHillSystems2009EquityIncentivePlan(the"DHEIP").SeagateTechnologyplcacquiredtheDotHillSystems2009EquityIncentivePlaneffective
October6,2015.TheCompanyassumedtheremainingauthorizedbutunusedsharereserveofapproximately2millionshares,basedontheconversionratio,from
theDHEIPontheacquisitiondate.AnysharesthataresubjecttooptionsorshareappreciationrightsgrantedundertheDHEIPwillbecountedagainsttheShare
Reserveasoneshareforeveryonesharegranted,andanysharesthataresubjecttorestrictedsharebonusawards,restrictedshareunits,
100
(Inmillions) 
Numberof
Shares
Repurchased 
DollarValue
ofShares
Repurchased 
CumulativerepurchasedthroughJune28,2013   244 $ 5,486
Repurchasedinfiscalyear2014   41  1,912
CumulativerepurchasedthroughJune27,2014   285  7,398
Repurchasedinfiscalyear2015   19  1,087
CumulativerepurchasedthroughJuly3,2015   304  8,485
Repurchasedinfiscalyear2016(a)   24  1,146
CumulativerepurchasedthroughJuly1,2016   328 $ 9,631
(a) Includingnetsharesettlementof$56millionfor1millionsharesinconnectionwithtaxwithholdingrelatedtovestingofrestricted
stockunits.