SEC Form 4 · accession 0001179706-15-000132
HP INC · HPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Antonio F Neri
Officer — EVP and GM EG
Period of report
Sep 17, 2015
Accepted (ET)
Sep 21, 2015 · 6:40 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 | 43,753 | $27.57 | A | 48,689 | D | |
| Common Stock | Sep 17, 2015 | F | 22,834 | $27.57 | D | 25,855 | 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 | 18,951 | D | — | — | Common Stock | 18,951 | 0 | D |
| Restricted Stock UnitsF4,F1,F2 | — | Sep 17, 2015 | M | 6,691 | D | — | — | Common Stock | 6,691 | 6,689 | D |
| Restricted Stock UnitsF5,F1,F2 | — | Sep 17, 2015 | M | 18,111 | D | — | — | Common Stock | 18,111 | 36,221 | 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 53,572 restricted stock units ("RSUs"), 17,857 of which vested on each of 12/06/13 and 12/06/14, and 17,858 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 in column 5 includes 1,093 vested dividend equivalent rights and a de minimus adjustment of 0.7846 due to fractional rounding of the dividend equivalent rights.
- F4As previously reported, on 12/11/13 the reporting person was granted 19,413 RSUs, 6,471 of which vested on 12/11/14, 6,471 of which vested early on 09/17/15, and 6,471 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 in column 5 includes 220 vested dividend equivalent rights and a de minimus adjustment of 0.0691 due to fractional rounding of the dividend equivalent rights.
- F5As previously reported, on 12/10/14 the reporting person was granted 53,533 RSUs, 17,844 of which vested early on 09/17/15, 17,844 of which will vest on 12/10/16, and 17,845 of which will vest on 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 in column 5 includes 267 vested dividend equivalent rights and a de minimus adjustment of 0.9649 due to fractional rounding of the dividend equivalent rights.