SEC Form 4 · accession 0001179706-17-000124
Hewlett Packard Enterprise Co · HPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John F Schultz
Officer — EVP, GC & SEC
Period of report
Apr 24, 2017
Accepted (ET)
Apr 26, 2017 · 7:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001645590
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 24, 2017 | M | 359,702 | $5.85 | A | 420,780 | D | |
| Common StockF1,F2 | Apr 24, 2017 | S | 359,702 | $18.358 | D | 61,078 | D | |
| Common Stock | Apr 24, 2017 | M | 107,655 | $11.40 | A | 168,733 | D | |
| Common StockF1,F2 | Apr 24, 2017 | S | 107,655 | $18.358 | D | 61,078 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F5,F3,F4 | $5.85 | Apr 24, 2017 | M | 359,702 | D | Dec 6, 2013 | Dec 6, 2020 | Common Stock | 359,702 | 0 | D |
| Employee Stock Option (Right to Buy)F5,F3,F4 | $11.40 | Apr 24, 2017 | M | 107,655 | D | Dec 11, 2014 | Dec 11, 2021 | Common Stock | 107,655 | 107,655 | D |
| Restricted Stock UnitsF5,F7,F6 | — | Apr 1, 2017 | A | 4,738 | A | — | — | Common Stock | 4,738 | 19,702 | D |
| Restricted Stock UnitsF5,F8,F6 | — | Apr 1, 2017 | A | 20,332 | A | — | — | Common Stock | 20,332 | 84,541 | D |
| Restricted Stock UnitsF5,F9,F6 | — | Apr 1, 2017 | A | 9,919 | A | — | — | Common Stock | 9,919 | 41,245 | D |
| Restricted Stock UnitsF5,F10,F6 | — | Apr 1, 2017 | A | 17,691 | A | — | — | Common Stock | 17,691 | 73,558 | D |
Explanation of responses
- F1The sale reported on this Form 4 was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 03/13/17.
- F10As previously reported, on 12/07/16 the reporting person was granted 55,713 RSUs, 24,451 of which will vest on 12/07/17, and 24,452 of which will vest on each of 12/07/18 and 12/17/19. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on Issuer's common stock. Unvested RSUs in this footnote, and the amount in column 5 reflect the conversion adjustment noted in footnote (5) above.
- F2The price in Column 4 is a weighted average price. The prices actually paid ranged from $18.23 to $18.43. Upon request, the reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff information regarding the number of shares purchased at each price within the range.
- F3This option became exercisable beginning on this date.
- F4This option is no longer exercisable beginning on this date.
- F5As reported in the Registration Statement on Form 10 filed by Issuer with the SEC, in connection with the spin-off of Everett SpinCo, Inc. on 04/01/17, equity-based awards granted by Issuer, prior to the spin-off were converted to adjust the award in a manner intended to preserve the aggregate intrinsic value of the original award as measured immediately before and immediately after the spin-off, subject to rounding. The adjusted equity award is otherwise subject to the same terms and conditions that applied to the original award immediately prior to the spin-off, unless otherwise noted. The reporting person's equity-based awards reflect that conversion adjustment.
- F6Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F7As previously reported, on 12/10/14 the reporting person was granted 24,090 restricted stock units ("RSUs"), 8,030 of which vested early on 09/17/15, 14,442 of which vested on 12/10/16, and 19,015 of which will vest on 12/10/17. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on Issuer's common stock. Unvested RSUs in this footnote, and the amount in column 5 reflect the conversion adjustment noted in footnote (5) above.
- F8As previously reported, on 11/02/15 the reporting person was granted 94,893 RSUs, 31,631 of which vested on 11/02/16, and 41,647 of which will vest on each of 11/02/17 and 11/02/18. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on Issuer's common stock. Unvested RSUs in this footnote, and the amount in column 5 reflect the conversion adjustment noted in footnote (5) above.
- F9As previously reported, on 12/09/15 the reporting person was granted 46,296 RSUs, 15,432 of which vested on 12/09/16, 20,318 of which will vest on 12/09/17, and 20,319 of which will vest on 12/09/18. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on Issuer's common stock. Unvested RSUs in this footnote, and the amount in column 5 reflect the conversion adjustment noted in footnote (5) above.