SEC Form 4 · accession 0001209191-16-155065
Helmerich & Payne, Inc. · HP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John W Lindsay
Officer — President & CEO · Director
Period of report
Dec 12, 2016
Accepted (ET)
Dec 14, 2016 · 10:42 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000046765
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 12, 2016 | M | 25,000 | $35.105 | A | 167,727 | D | |
| Common StockF1 | Dec 12, 2016 | S | 25,000 | $83.3584 | D | 142,727 | D | |
| Common Stock | holding | — | — | — | 9,211 | I | By 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $35.105 | Dec 12, 2016 | M | 25,000 | D | Dec 4, 2008 | Dec 4, 2017 | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1The noted price is the weighted average sale price for all sales. The range of prices for the transactions were as follows: $83.2548 to $83.4532. The reporting person undertakes to provide upon request of the SEC staff, the issuer or a stockholder of the issuer, full information regarding the number of shares sold at each separate price.
- F2The options vested 25% a year over 4 years. The noted date represents the first date options vested.
Remarks
The stock options exercised by the Reporting Person and reflected on this Form 4 were granted with a 10-year term on 12/4/2007. Having held the stock options for approximately nine years, the Reporting Person elected to exercise the stock options because the options expire in 2017.