SEC Form 4 · accession 0001179706-17-000130
Hewlett Packard Enterprise Co · HPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kirt P Karros
Officer — SVP, Finance & Treasurer
Period of report
May 15, 2017
Accepted (ET)
May 16, 2017 · 6:30 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 StockF1 | May 15, 2017 | S | 20,344 | $18.90 | 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)F2,F6,F4,F5 | $11.01 | May 10, 2017 | M | 56,797 | D | Nov 2, 2016 | Nov 2, 2023 | Common Stock | 56,797 | 113,596 | D |
| Employee Stock Option (Right to buy)F2,F6,F4,F5 | $11.28 | May 10, 2017 | M | 6,650 | D | Dec 9, 2016 | Dec 9, 2023 | Common Stock | 6,650 | 13,301 | D |
| Restricted Stock UmitsF2,F6,F7,F3 | — | Jan 4, 2017 | A | 138 | A | — | — | Common Stock | 138 | 24,160 | 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 03/09/17.
- F2To clarify the reporting on 05/12/17: the trading plan is 03/09/17; the coding under Column 5 of the options exercised is "D"; and the 12/07/16 RSU grant vesting footnote is 8,002 vesting on each of 12/07/17, 12/07/18 and 12/07/19. There are no other reportable changes to that filing.
- F3Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F4This option vested and became exercisable beginning on this date.
- F5This option is no longer exercisable beginning on this date.
- F6As 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.
- F7As previously reported, on 12/07/16 the reporting person was granted 18,233 RSUs, 8,002 of which vests on each of 12/07/17, 12/07/18, and 12/07/19. 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 50.5392,dividend equivalent rights at $23.45 per RSU credited to the reporting person's account on 01/04/17, and 87.1726 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 (6) above.