SEC Form 4 · accession 0001179706-17-000127
Hewlett Packard Enterprise Co · HPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher P Hsu
Officer — EVP, GM Software
Period of report
May 10, 2017
Accepted (ET)
May 12, 2017 · 4:29 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 | May 10, 2017 | M | 113,666 | $14.55 | A | 145,055 | D | |
| Common StockF1,F2 | May 10, 2017 | S | 113,666 | $18.99 | D | 31,422 | D | |
| Common StockF1,F2 | May 10, 2017 | S | 31,422 | $18.99 | D | 0 | 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 | $14.55 | May 10, 2017 | M | 113,666 | D | Jul 17, 2015 | Jul 17, 2022 | Common Stock | 113,666 | 312,585 | D |
| Restricted Stock UnitsF5,F7,F6 | — | Apr 5, 2017 | A | 222 | A | — | — | Common Stock | 222 | 63,894 | D |
| Restricted Stock UnitsF5,F8,F6 | — | Apr 5, 2017 | A | 73 | A | — | — | Common Stock | 73 | 21,044 | D |
| Restricted Stock UnitsF5,F9,F6 | — | Apr 5, 2017 | A | 170 | A | — | — | Common Stock | 170 | 48,166 | D |
| Restricted Stock UnitsF5,F10,F6 | — | Apr 5, 2017 | A | 495 | A | — | — | Common Stock | 495 | 138,838 | D |
| Restricted Stock UnitsF5,F11,F6 | — | Apr 5, 2017 | A | 161 | A | — | — | Common Stock | 161 | 45,156 | D |
| Restricted Stock UnitsF5,F12,F6 | — | Apr 5, 2017 | A | 387 | A | — | — | Common Stock | 387 | 107,381 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 03/08/17.
- F10As previously reported, on 11/02/15, the reporting person was granted 155,280 RSUs, 51,760 of which vested on 11/02/16, 68,150 of which will vest on 11/02/17, and 68,151 of which will vest on 11/02/18. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on Issuer's common stock. The dividend equivalent rights being reported include 494..9478 dividend equivalent rights at $17.90 per RSU credited to the reporting person's account on 04/05/17Unvested RSUs in this footnote, and the amount in column 5 reflect the conversion adjustment noted in footnote (5) above.
- F11As previously reported, on 12/09/15 the reporting person was granted 50,505 RSUs, 16,835 of which vested on 12/09/16, 22,166 of which will vest on each of 12/09/17 and 12/09/18. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on Issuer's common stock. The dividend equivalent rights being reported include 160.9821 dividend equivalent rights at $17.90 per RSU credited to the reporting person's account on 04/05/17Unvested RSUs in this footnote, and the amount in column 5 reflect the conversion adjustment noted in footnote (5) above.
- F12As previously reported, on 12/07/16 the reporting person was granted 81,037 RSUs, 35,566 of which will vest on each of 12/07/17, 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. The dividend equivalent rights being reported include 387.4508 dividend equivalent rights at $17.90 per RSU credited to the reporting person's account on 04/05/17Unvested 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 $18.99 to $18.995.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 07/17/14, the reporting person was granted 77,500 restricted stock units ("RSUs"), 25,833 of which vested on 07/17/15, 46,461 of which vested on 07/17/16, and 61,176 of which will vest on 07/17/17. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on Issuer's common stock. The dividend equivalent rights being reported include 222.1475 dividend equivalent rights at $17.90 per RSU credited to the reporting person's account on 04/05/17. Unvested RSUs in this footnote, and the amount in column 5 reflect the conversion adjustment noted in footnote (5) above.
- F8As previously reported, on 12/10/14, the reporting person was granted 25,641 RSUs, 8,547 of which vested early on 09/17/15, and 15,887 of which vested on 12/10/16, and 20,239 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.The dividend equivalent rights being reported include 73.4936 dividend equivalent rights at $17.90 per RSU credited to the reporting person's account on 04/05/17 Unvested RSUs in this footnote, and the amount in column 5 reflect the conversion adjustment noted in footnote (5) above.
- F9As previously reported, on 05/27/15, the reporting person was granted 29,603 RSUs, 17,747 of which vested on 05/27/16, 23,366 of which will vest on 05/27/17, and 23,367 of which will vest on 05/27/18. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on Issuer's common stock.The dividend equivalent rights being reported include 169..7008 dividend equivalent rights at $17.90 per RSU credited to the reporting person's account on 04/05/17 Unvested RSUs in this footnote, and the amount in column 5 reflect the conversion adjustment noted in footnote (5) above.