Watkins Ian J Form 4 Mallinckrodt / IAN J WATKINS ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

WATKINS IAN J

(Last) (First) (Middle)

675 MCDONNELL BLVD.

(Street)

HAZELWOOD MO 63042

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Mallinckrodt plc [ MNKPF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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

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 (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 Securities Underlying Derivative Security (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: 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 Share Options (Right to Buy)	$41.73	06/16/2022		D(1)(2)(3)			16,303	12/03/2013	12/02/2022	Ordinary Shares	16,303	$0.00	0	D
Employee Share Options (Right to Buy)	$44	06/16/2022		D(1)(2)(3)			15,630	07/01/2016	06/30/2023	Ordinary Shares	15,630	$0.00	0	D
Employee Share Options (Right to Buy)	$51.35	06/16/2022		D(1)(2)(3)			11,297	01/02/2015	01/02/2024	Ordinary Shares	11,297	$0.00	0	D
Employee Share Options (Right to Buy)	$96.96	06/16/2022		D(1)(2)(3)			11,847	01/02/2016	01/02/2025	Ordinary Shares	11,847	$0.00	0	D
Employee Share Options (Right to Buy)	$72.61	06/16/2022		D(1)(2)(3)			18,003	01/04/2017	01/04/2026	Ordinary Shares	18,003	$0.00	0	D
Employee Share Options (Right to Buy)	$51.73	06/16/2022		D(1)(2)(3)			35,296	01/03/2018	01/03/2027	Ordinary Shares	35,296	$0.00	0	D
Employee Share Options (Right to Buy)	$51.73	06/16/2022		D(1)(2)(3)			24,707	01/03/2021	01/03/2027	Ordinary Shares	24,707	$0.00	0	D
Employee Share Options (Right to Buy)	$13.8	06/16/2022		D(1)(2)(3)			83,249	04/02/2019	04/02/2028	Ordinary Shares	83,249	$0.00	0	D
Employee Share Options (Right to Buy)	$22.26	06/16/2022		D(1)(2)(3)			53,457	04/01/2020	04/01/2029	Ordinary Shares	53,457	$0.00	0	D

Explanation of Responses:

1. 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.

2. (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.

3. 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.

Remarks:

EVP & Chief Human Resources Officer

	/s/ Mark J. Casey, Attorney-in-Fact	06/21/2022
	** Signature of Reporting Person	Date
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