Mark J. Casey - Jun 16, 2022 Form 4 Insider Report for Mallinckrodt plc (MNKTQ)

Role
EVP & Chief Legal Officer
Signature
/s/ Mark J. Casey
Stock symbol
MNKTQ
Transactions as of
Jun 16, 2022
Transactions value $
$0
Form type
4
Date filed
6/21/2022, 06:12 PM
Next filing
Dec 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MNKTQ Ordinary Shares Disposed to Issuer $0 -32K -100% $0.00* 0 Jun 16, 2022 Direct F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MNKTQ Employee Share Options (Right to Buy) Disposed to Issuer $0 -39.6K -100% $0.00* 0 Jun 16, 2022 Ordinary Shares 39.6K $18.15 Direct F1, F2, F3
transaction MNKTQ Employee Share Options (Right to Buy) Disposed to Issuer $0 -129K -100% $0.00* 0 Jun 16, 2022 Ordinary Shares 129K $13.80 Direct F1, F2, F3
transaction MNKTQ Employee Share Options (Right to Buy) Disposed to Issuer $0 -78.1K -100% $0.00* 0 Jun 16, 2022 Ordinary Shares 78.1K $22.26 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 12, 2020, Mallinckrodt plc, an Irish public limited company in examination under Part 10 of the Companies Act 2014 of Ireland ("Mallinckrodt"), and certain of its subsidiaries voluntarily initiated proceedings under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") in the U.S. Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). On February 3, 2022, the Bankruptcy Court issued an opinion (which was subsequently revised on February 8, 2022 to make minor corrections) stating its intention to confirm Mallinckrodt's Fourth Amended Joint Plan of Reorganization of Mallinckrodt Plc and Its Debtor Affiliates Under Chapter 11 of the Bankruptcy Code.
F2 (Continued from Footnote 1) On March 2, 2022, the Bankruptcy Court entered an order confirming the Fourth Amended Joint Plan of Reorganization (with Technical Modifications) of Mallinckrodt Plc and Its Debtor Affiliates Under Chapter 11 of the Bankruptcy Code (as amended, supplemented or otherwise modified, the "Plan"), and on June 16, 2022 (the "Effective Date"), the Plan became effective and Mallinckrodt emerged from bankruptcy.
F3 On the Effective Date, all of Mallinckrodt's previously outstanding ordinary shares (the "Ordinary Shares"), including options, warrants, rights, restricted stock units or other securities or agreements to acquire such ordinary shares, were cancelled and extinguished pursuant to the Plan.