SEC Form 4/A · accession 0001688568-17-000132
DXC Technology Co · DXC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Michael G Nefkens
Officer — EVP & GM, Regions & Industries
Period of report
Mar 31, 2017
Accepted (ET)
Jun 16, 2017 · 5:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001688568
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 31, 2017 | A | 34 | $0.00 | A | 34 | D | |
| Common StockF1 | Mar 31, 2017 | A | 86 | $0.00 | A | 86 | I | By Michael Nefkens Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (rights to buy)F3 | $60.78 | Mar 31, 2017 | A | 143,120 | A | Mar 31, 2017 | Dec 9, 2022 | Common Stock | 143,120 | 143,120 | D |
| Options (rights to buy)F3,F4 | $42.39 | Mar 31, 2017 | A | 147,607 | A | Mar 31, 2017 | Nov 1, 2023 | Common Stock | 147,607 | 147,607 | D |
| Options (rights to buy)F3,F4 | $43.44 | Mar 31, 2017 | A | 70,680 | A | Mar 31, 2017 | Dec 8, 2023 | Common Stock | 70,680 | 70,680 | D |
Explanation of responses
- F1Hewlett-Packard Enterprise Company ("HPE") stockholders of record on March 20, 2017 ("Record Date") received 0.085904 of a share of common stock of DXC Technology Company (the "Company") for every one share of HPE common stock held on the Record Date with cash paid in lieu of fractional shares (the "Distribution"). This Form 4 amendment revises the date of the earliest transaction to reflect the acquisition of securities at the time of the Distribution.
- F2This Form 4 is being amended to correct the number of shares issued in the Distribution.
- F3All options were acquired at the time of the Distribution by the conversion of each option to purchase one share of common stock of HPE into an option to purchase the number of shares of common stock of the Company equal to the number of shares underlying the option (rounded down to the nearest whole number of shares) multiplied by .341893 at an exercise price equal to the exercise price (rounded up to the nearest whole cent) divided by .341893 and vested early on March 31, 2017 upon the time of the Distribution.
- F4This Form 4 is being amended to correct a typographical error in the exercise price of the options.