SEC Form 4 · accession 0001209191-15-050837
Hortonworks, Inc. · HDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Greg Pavlik
Officer — VP, Engineering
Period of report
Jun 3, 2015
Accepted (ET)
Jun 5, 2015 · 8:34 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 | holding | — | — | — | 472,378 | I | Gregory Pavlik and Ruth Ann Pavlik, as Trustees of the Pavlik Trust dated March 15, 2013 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Jun 3, 2015 | A | 136,364 | A | — | — | Common Stock | 136,364 | 136,364 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- F2On June 3, 2015 the reporting person was granted 136,364 restricted stock units ("RSUs"). The restricted stock units vest with respect to 25% on the first anniversary of the vesting commencement date, an additional 25% will become vested in two equal six-month installments from the first anniversary of the vesting commencement date, and another 50% will become vested in two equal six-month installments from the second anniversary of the vesting commencement date, subject to participant's continued status as a service provider.