SEC Form 4 · accession 0000899243-17-024292
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
Oct 12, 2017
Accepted (ET)
Oct 16, 2017 · 8:51 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 | Oct 12, 2017 | M | 2,084 | $14.22 | A | 378,549 | D | |
| Common StockF2 | Oct 12, 2017 | S | 2,084 | $16.56 | D | 376,465 | D | |
| Common StockF3 | Oct 16, 2017 | S | 11,560 | $16.41 | D | 364,905 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F4 | $14.22 | Oct 12, 2017 | M | 2,084 | D | — | Sep 11, 2024 | Common Stock | 2,084 | 22,137 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 15, 2017.
- F2Represents the weighted average sale price for the entire number of shares sold. The sale prices range from $16.55 to $16.56 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 of each separate price within the range.
- F3Represents the weighted average sale price for the entire number of shares sold. The sale prices range from $16.27 to $16.59 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 of each separate price within the range.
- F41/4th of the shares subject to the option vested on September 12, 2015 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.