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Share Plans (Tables) (Post-Separation)

12 Months Ended

Sep. 27, 2013

Post-Separation

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Incentive Equity Awards Issued Upon Completion of Conversion

Mallinckrodt incentive equity awards issued upon completion of the Conversion and the related weighted average grant date fair value is presented below:

Schedule of Share Option Awards Status Upon Completion of the Conversion

A summary of the status of the Company's share option awards upon completion of the Conversion on June 28, 2013 is presented below:



	Shares Options	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Outstanding at June 28, 2013	2,399,822	$	35.94	8.0	$	22.9
Exercisable at June 28, 2013	550,097	30.94		5.9	8.0

Schedule of the Valuation Assumptions Used in the Conversion

The weighted-average assumptions used in the Black-Scholes pricing model for determining the fair value of the share option awards immediately before and immediately after the Separation were as follows:



	Pre- Separation			Post- Separation
Expected share price volatility	26		%	32		%
Risk-free interest rate	0.99		%	0.99		%
Expected annual dividend per share	1.65		%	—
Expected life of options (in years)	3.8			3.8
Fair value per option	$	18.04		$	16.51
Share option awards	1,745,258			2,399,822

Schedule of Share Option Activity

Share option activity and information is as follows:



	Share Options		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Outstanding at June 28, 2013	2,399,822		$	35.94
Granted	406,169		44.00
Exercised	(17,332	)	30.04
Expired/Forfeited	(28,428	)	36.85
Outstanding at September 27, 2013	2,760,231		37.30		8.2	$	17.3

Vested and unvested expected to vest as of September 27, 2013	2,394,431		37.27		8.2	15.1
Exercisable at September 27, 2013	536,405		31.04		5.7	6.7

Schedule of Restricted Share Unit Activity

RSU activity is as follows:



	Shares		Weighted-Average Grant-Date Fair Value
Non-vested at June 28, 2013	575,213		$	38.97
Granted	167,546		43.86
Vested	(1,656	)	31.28
Forfeited	(16,834	)	38.57
Non-vested at September 27, 2013	724,269		40.62

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References+ Details

Weighted-Average
Grant-Date
Fair Value

Share options

Restricted share units