SEC Form 4 · accession 0000899243-16-018308
Hortonworks, Inc. · HDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shaun Connolly
Officer — VP Corporate Strategy
Period of report
Apr 15, 2016
Accepted (ET)
Apr 19, 2016 · 8:40 pm EDT
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 | Apr 15, 2016 | M | 18,029 | $1.28 | A | 291,595 | D | |
| Common StockF2 | Apr 15, 2016 | S | 18,029 | $12.25 | D | 273,566 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (right to buy)F3 | $1.28 | Apr 15, 2016 | M | 18,029 | D | — | Jul 31, 2022 | Common Stock | 18,029 | 64,504 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 15, 2016.
- F2Represents the weighted average sale price for the entire number of shares sold. The sale prices range from $11.94 to $12.50 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.
- F31/4th of the shares subject to the option vested on August 1, 2013 and 1/48th of the shares subject to the option vest monthly thereafter, subject to the Reporting Person's continuous service to the Issuer on each such date. All or a portion of the then unvested shares are subject to acceleration upon the occurrence of certain events.