SEC Form 4 · accession 0000899243-16-011432
Hortonworks, Inc. · HDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Greg Pavlik
Officer — Chief Products Officer
Period of report
Jan 6, 2016
Accepted (ET)
Jan 8, 2016 · 6:28 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 | Jan 6, 2016 | M | 1,022 | $4.76 | A | 212,038 | D | |
| Common StockF2 | Jan 6, 2016 | S | 1,022 | $19.71 | D | 211,016 | D | |
| Common StockF3 | Jan 6, 2016 | S | 3,744 | $19.86 | D | 245,923 | 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)F4 | $4.76 | Jan 6, 2016 | M | 1,022 | D | — | Aug 20, 2023 | Common Stock | 1,022 | 47,699 | 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 $19.71 per share.
- F3Represents the weighted average sale price for the entire number of shares sold. The sale prices range from $19.71 to $20.00 per share. The Reporting Person undertakes to provide to the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range.
- F41/4th 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.