SEC Form 4 · accession 0001179706-15-000129
HP INC · HPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John M Hinshaw
Officer — CCO and EVP, Tech & Operations
Period of report
Sep 17, 2015
Accepted (ET)
Sep 21, 2015 · 6:39 pm EDT
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 | Sep 17, 2015 | M | 37,755 | $27.57 | A | 55,239 | D | |
| Common Stock | Sep 17, 2015 | F | 15,479 | $27.57 | D | 39,760 | D | |
| Common Stock | Sep 17, 2015 | M | 14,810 | $27.57 | A | 54,570 | D | |
| Common Stock | Sep 17, 2015 | F | 7,728 | $27.57 | D | 46,842 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F1,F2 | — | Sep 17, 2015 | M | 17,457 | D | — | — | Common Stock | 17,457 | 0 | D |
| Restricted Stock UnitsF4,F1 | — | Apr 1, 2015 | A | 47 | A | — | — | Common Stock | 47 | 4,585 | D |
| Restricted Stock UnitsF5,F1,F2 | — | Sep 17, 2015 | M | 11,876 | D | — | — | Common Stock | 11,876 | 11,874 | D |
| Restricted Stock UnitsF6,F1,F2 | — | Sep 17, 2015 | M | 8,422 | D | — | — | Common Stock | 8,422 | 16,843 | D |
| Performance Adjusted Restricted Stock UnitsF7,F1,F2 | — | Sep 17, 2015 | M | 14,810 | D | — | — | Common Stock | 14,810 | 16,289 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of HP common stock.
- F2On 07/29/15 the Issuer announced approved amendments to certain outstanding long-term incentive awards that were originally scheduled to vest between 09/18/15 and 12/31/15, to provide for the accelerated vesting on 09/17/15.
- F3As previously reported, on 12/06/12 the reporting person was granted 49,350 Restricted Stock Units ("RSUs"), 16,450 of which vested on 12/06/13, 16,450 of which vested on 12/06/14, and 16,450 of which vested early on 09/17/15. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The number of derivative securities beneficially owned immediately prior to the transaction being reported includes 84.1163 dividend equivalent rights at $31.29 per RSU credited to the reporting person's account on 04/01/15, and 94.8624 dividend equivalent rights at $30.52 per RSU credited to the reporting person's account on 07/01/15. The number of derivative securities in column 5 includes 1,007 vested dividend equivalent rights and a de minimus adjustment of 0.7741 due to fractional rounding of the dividend equivalent rights.
- F4As previously reported, on 01/16/13 the reporting person was granted 13,074 RSUs, 4,358 of which vested on each of 01/16/14 and 01/16/15, and 4,358 of which will vest on 01/16/16. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The 47.4157 dividend equivalent rights being reported reflect 22.2844 dividend equivalent rights at $31.29 per RSU credited to the reporting person's account on 04/01/15, and 25.1313 dividend equivalent rights at $30.52 per RSU credited to the reporting person's account on 07/01/15.
- F5As previously reported, on 12/11/13 the reporting person was granted 34,458 RSUs, 11,486 of which vested on 12/11/14, 11,486 of which vested early on 09/17/15, and 11,486 of which will vest on 12/11/16. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The number of derivative securities beneficially owned immediately prior to the transaction being reported includes 117.4663 dividend equivalent rights at $31.29 per RSU credited to the reporting person's account on 04/01/15, and 132.4729 dividend equivalent rights at $30.52 per RSU credited to the reporting person's account on 07/01/15. The number of derivative securities in column 5 includes 390 vested dividend equivalent rights and a de minimus adjustment of 0.5483 due to fractional rounding of the dividend equivalent rights.
- F6As previously reported, on 12/10/14 the reporting person was granted 24,893 RSUs, 8,297 of which vested early on 09/17/15, and 8,298 of which will vest on each of 12/10/16 and 12/10/17. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The number of derivative securities beneficially owned immediately prior to the transaction being reported includes 127.2892 dividend equivalent rights at $31.29 per RSU credited to the reporting person's account on 04/01/15, and 143.5507 dividend equivalent rights at $30.52 per RSU credited to the reporting person's account on 07/01/15. The number of derivative securities in column 5 includes 125 vested dividend equivalent rights and a de minimus adjustment of 0.9114 due to fractional rounding of the dividend equivalent rights.
- F7As previously reported, on 12/11/13 the reporting person was granted 31,099 performance adjusted restricted stock units ("PARSUs"), 50% of which vested early on 09/17/15, and 50% of which will vest on 12/11/16, in each case subject to certain return on invested capital performance conditions and/or relative total stockholder return conditions being met at the time of vesting. Dividend equivalent rights accrue with respect to these PARSUs when and as dividends are paid on HP common stock. The number of derivative securities in column 5 includes 534.4381 vested dividend equivalent rights accrued but not released since the grant date, and a de minimus adjustment of 0.3701 due to fractional rounding of the dividend equivalent rights.