SEC Form 4 · accession 0000899243-17-002995
Hortonworks, Inc. · HDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shaun Connolly
Officer — Chief Strategy Officer
Period of report
Feb 3, 2017
Accepted (ET)
Feb 7, 2017 · 8:20 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 | Feb 3, 2017 | M | 3,208 | $1.28 | A | 616,695 | D | |
| Common Stock | Feb 3, 2017 | S | 3,208 | $10.00 | D | 613,487 | D | |
| Common Stock | Feb 3, 2017 | S | 30,156 | $10.00 | D | 583,331 | D | |
| Common Stock | Feb 6, 2017 | M | 13,619 | $1.28 | A | 596,950 | D | |
| Common StockF2 | Feb 6, 2017 | S | 13,619 | $10.00 | D | 583,331 | 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 | Feb 3, 2017 | M | 3,208 | D | — | Jul 31, 2022 | Common Stock | 3,208 | 25,238 | D |
| Incentive Stock Option (right to buy)F3 | $1.28 | Feb 6, 2017 | M | 13,619 | D | — | Jul 31, 2022 | Common Stock | 13,619 | 11,619 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 14, 2016.
- F2Represents the weighted average sale price for the entire number of shares sold. The sale prices range from $10.00 to $10.02 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.