SEC Form 4 · accession 0000899243-15-008139
Hortonworks, Inc. · HDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Greg Pavlik
Officer — Chief Product Officer
Period of report
Nov 11, 2015
Accepted (ET)
Nov 13, 2015 · 5:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001610532
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 11, 2015 | M | 1,022 | $4.76 | A | 212,038 | D | |
| Common StockF2 | Nov 11, 2015 | S | 1,022 | $17.50 | D | 211,016 | D | |
| Common StockF2 | Nov 11, 2015 | S | 8,422 | $17.50 | D | 295,517 | I | Gregory Pavlik and Ruth Ann Pavlik, as trustees of the Pavlik Trust dated March 15, 2013 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $4.76 | Nov 11, 2015 | M | 1,022 | D | — | Aug 20, 2023 | Common Stock | 1,022 | 51,786 | D |
Explanation of responses
- F1This transaction was executed pursuant to a 10b5-1 trading plan executed on March 11, 2015.
- F2This transaction was executed in a single open market trade at a price of $17.50 per share.
- F31/4th of the shares subject to the option vested on August 19, 2014 and 1/48th of the shares subject to the option shall vest monthly thereafter, subject to the Reporting Person's continuous service to the issuer on each such date. 100% of the then unvested shares are subject to acceleration upon the occurrence of certain events.