SEC Form 4 · accession 0001209191-15-037177
Hortonworks, Inc. · HDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott E Gnau
Officer — Chief Technology Officer
Period of report
Apr 27, 2015
Accepted (ET)
Apr 29, 2015 · 8:45 pm EDT
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 OptionF1 | $21.22 | Apr 27, 2015 | A | 103,152 | A | — | Apr 27, 2025 | Common Stock | 103,152 | 103,152 | D |
| Restricted Stock UnitsF2,F3 | — | Apr 27, 2015 | A | 36,379 | A | — | — | Common Stock | 36 | 36 | D |
Explanation of responses
- F11/4th of the shares subject to the option shall vest on the one year anniversary of the grant date and 1/48 of the shares subject to the option shall vest monthly thereafter, subject to the Reporting Person's continuous service to the Issuer on each such date.
- F2Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- F3On April 27, 2015, the Reporting Person was granted 36,379 restricted stock units ("RSUs"). The restricted stock units vest with respect to 50% on the first anniversary of the grant date, an additional 25% will become vested on the eighteen (18) month anniversary of the grant date and the remaining 25% will become vested on the twenty-four (24) month anniversary of the grant date, subject to the Reporting Person's continuous service to the Issuer on each such date.