Zangerle John Adam Form 4 STERIS / John Adam Zangerle 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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X

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^*

Zangerle John Adam

(Last) (First) (Middle)

C/O 5960 HEISLEY ROAD

(Street)

MENTOR OH 44060

(City) (State) (Zip)

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)
VP, Gen Counsel, and Sec.

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2015

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
Common Shares, No Par Value	11/02/2015		D		18,608(1)	D	(2)	0	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 (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 Stock Option (right to buy)	$27.68	11/02/2015		D			2,200	(3)	07/27/2017	Common Shares, No Par Value	2,200	(3)	0	D
Employee Stock Option (right to buy)	$30.84	11/02/2015		D			3,100	(4)	05/21/2018	Common Shares, No Par Value	3,100	(4)	0	D
Employee Stock Option (right to buy)	$22.83	11/02/2015		D			3,150	(5)	05/21/2019	Common Shares, No Par Value	3,150	(5)	0	D
Employee Stock Option (right to buy)	$31.87	11/02/2015		D			3,000	(6)	05/20/2020	Common Shares, No Par Value	3,000	(6)	0	D
Employee Stock Option (right to buy)	$36.09	11/02/2015		D			3,500	(7)	05/31/2021	Common Shares, No Par Value	3,500	(7)	0	D
Employee Stock Option (right to buy)	$29.94	11/02/2015		D			3,800	(8)	05/30/2022	Common Shares, No Par Value	3,800	(8)	0	D
Employee Stock Option (right to buy)	$45.34	11/02/2015		D			6,000	(9)	05/31/2023	Common Shares, No Par Value	6,000	(9)	0	D
Employee Stock Option (right to buy)	$53.52	11/02/2015		D			12,252	(10)	05/30/2024	Common Shares, No Par Value	12,252	(10)	0	D
Employee Stock Option (right to buy)	$67.98	11/02/2015		D			8,000	(11)	08/10/2025	Common Shares, No Par Value	8,000	(11)	0	D

Explanation of Responses:

1. 13,652 of these Common Shares are restricted. The restrictions on these Common Shares lapse as follows: 1,400 on May 31, 2016; 1,000 on August 1, 2016; 1,000 on November 28, 2016; 5,000 on May 31, 2017; 2,252 on May 30, 2018; and 3,000 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. This option is fully vested. This option was assumed by New STERIS in the Merger and converted to an option to purchase 2,200 ordinary shares of New STERIS for $27.68 per share, subject to the same terms and conditions that were applicable to the original STERIS option.

4. This option is fully vested. This option was assumed by New STERIS in the Merger and converted to an option to purchase 3,100 ordinary shares of New STERIS for $30.84 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 3,150 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.

6. This option is fully vested. This option was assumed by New STERIS in the Merger and converted to an option to purchase 3,000 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.

7. This option is fully vested. 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 $36.09 per share, subject to the same terms and conditions that were applicable to the original STERIS option.

8. This option becomes exercisable as follows: 950 on May 30, 2016. This option was assumed by New STERIS in the Merger and converted to an option to purchase 3,800 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.

9. This option becomes exercisable as follows: 1,500 on May 31, 2016 and 1,500 on May 31, 2017. This option was assumed by New STERIS in the Merger and converted to an option to purchase 6,000 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.

10. This option becomes exercisable as follows: 3,063 on May 30, 2016; 3,063 on May 30, 2017 and 3,063 on May 30, 2018. This option was assumed by New STERIS in the Merger and converted to an option to purchase 12,252 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.

11. 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.

Remarks:

	/s/ Dennis P. Patton, Authorized Representative under Power of Attorney	11/02/2015
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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