SEC Form 4 · accession 0001179706-15-000004
HP INC · HPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William L Veghte
Officer — EVP and GM EG
Period of report
Jan 9, 2015
Accepted (ET)
Jan 13, 2015 · 6:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000047217
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 9, 2015 | M | 200,000 | $13.83 | A | 282,547 | D | |
| Common StockF1 | Jan 9, 2015 | S | 200,000 | $41.00 | D | 82,547 | 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,F3 | $13.83 | Jan 9, 2015 | M | 200,000 | D | Dec 6, 2014 | Dec 6, 2020 | Common Stock | 200,000 | 556,761 | D |
| Restricted Stock UnitsF5,F4 | — | Jan 7, 2015 | A | 160 | A | — | — | Common Stock | 160 | 41,769 | D |
| Restricted Stock UnitsF6,F4 | — | Jan 7, 2015 | A | 221 | A | — | — | Common Stock | 221 | 56,258 | D |
| Restricted Stock UnitsF7,F4 | — | Jan 7, 2015 | A | 179 | A | — | — | Common Stock | 179 | 45,482 | 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 12/03/14.
- F2This option became exercisable beginning on this date.
- F3This option is no longer exercisable beginning on this date.
- F4Each restricted stock unit represents a contingent right to receive one share of HP common stock.
- F5As previously reported, on 12/06/12 the reporting person was granted 119,306 restricted stock units ("RSUs"), 39,768 of which vested on 12/06/13, 39,769 of which vested on 12/06/14, and 39,769 of which will vest on 12/06/15. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The 160.1571 dividend equivalent rights being reported reflect 160.1571 dividend equivalent rights at $39.73 per RSU credited to the reporting person's account on 01/07/15.
- F6As previously reported, on 09/18/13 the reporting person was granted 82,494 RSUs, 27,498 of which vested on 09/18/14, and 27,498 of which will vest on each of 09/18/15 and 09/18/16. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The 221.4790 dividend equivalent rights being reported reflect 221.4790 dividend equivalent rights at $39.73 per RSU credited to the reporting person's account on 01/07/15.
- F7As previously reported, on 12/11/13 the reporting person was granted 66,692 RSUs, 22,230 of which vested on 12/11/14, and 22,231 of which will vest on each of 12/11/15 and 12/11/16. Dividend equivalent rights accrue with respect to these RSUs when as as dividends are paid on HP common stock. The 179.0566 dividend equivalent rights being reported reflect 179.0566 dividend equivalent rights at $39.73 per RSU credited to the reporting person's account on 01/07/15.