SEC Form 4 · accession 0000899243-16-013443
Hortonworks, Inc. · HDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert G Bearden
Officer — Chief Executive Officer · Director
Period of report
Feb 11, 2016
Accepted (ET)
Feb 16, 2016 · 8:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001610532
Table I — non-derivative securities
No Table I lines on this filing.
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)F1,F2 | $14.22 | Feb 11, 2016 | J | 1,185,000 | D | — | Sep 11, 2024 | Common Stock | 1,185,000 | 0 | D |
Explanation of responses
- F1On February 11, 2016, the Reporting Person voluntarily cancelled a stock option to purchase 1,185,000 shares of common stock dated September 12, 2014 (the "Option"), which Option was previously reported on a Form 3 filed with the SEC on December 11, 2014. The Reporting Person did not receive any consideration for the cancellation of the Option, and therefore the disposition is exempt from Section 16(b) pursuant to Rule 16b-6(d).
- F23% of the shares subject to the option vested on December 31, 2014, and 3% of the shares subject to the option vested at the end of each quarter thereafter through December 31, 2015. 5% of the shares subject to the option would have vested on March 31, 2016, and 5% of the shares subject to the option would have vested at the end of each quarter therafter through March 31, 2017. 6% of the shares subject to the option would have vested on June 30, 2017, and 6% of the shares subject to the option would have vested at the end of each quarter thereafter through September 30, 2019. All vesting was subject to the Reporting Person's continuous service to the Issuer on each such date.