SEC Form 4 · accession 0000899243-18-003340
Hortonworks, Inc. · HDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Davidson
Officer — See Remarks
Period of report
Feb 6, 2018
Accepted (ET)
Feb 8, 2018 · 9:48 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 StockF1 | Feb 6, 2018 | A | 11,364 | $0.00 | A | 947,375 | D | |
| Common StockF3 | Feb 8, 2018 | S | 6,022 | $19.19 | D | 941,353 | D | |
| Common StockF4 | Feb 8, 2018 | A | 250,800 | $0.00 | A | 1,192,153 | D | |
| Common Stock | holding | — | — | — | 7,663 | I | Scott & Taryn Davidson Family Trust Dated 4/4/2006 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Acquired upon the settlement of performance stock units granted on June 3, 2015 under the Issuer's Amended and Restated 2014 Stock Option and Incentive Plan.
- F2This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 15, 2017.
- F3Represents the weighted average sale price for the entire number of shares sold. The sale prices range from $18.94 to $19.46 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.
- F4On February 8, 2018, the Reporting Person was granted 250,800 restricted stock units ("RSUs"). Each RSU represents the right to receive, at settlement, one share of common stock. Eighty-eight percent (88%) of such RSUs shall vest and become releaseable in a series of four (4) successive 3-month installments commencing on February 15, 2019, and thereafter, the balance of the RSUs shall vest and become releaseable on February 15, 2020, all subject to grantee's continued status as a service provider. All or portion of the unvested RSUs are subject to acceleration upon the occurrence of certain events.
Remarks
Chief Financial Officer & Chief Operating Officer