SEC Form 4 · accession 0001179706-15-000135
HP INC · HPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dion J Weisler
Officer — EVP, PPSG
Period of report
Sep 17, 2015
Accepted (ET)
Sep 21, 2015 · 6:41 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 | 48,244 | $27.57 | A | 62,131 | D | |
| Common Stock | Sep 17, 2015 | M | 23,887 | $27.57 | A | 86,018 | 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 | 14,149 | D | — | — | Common Stock | 14,149 | 0 | D |
| Restricted Stock UnitsF4,F1,F2 | — | Sep 17, 2015 | M | 19,154 | D | — | — | Common Stock | 19,154 | 19,152 | D |
| Restricted Stock UnitsF5,F1,F2 | — | Sep 17, 2015 | M | 14,941 | D | — | — | Common Stock | 14,941 | 29,883 | D |
| Performance Adjusted Restricted Stock UnitsF6,F1,F2 | — | Sep 17, 2015 | M | 23,887 | D | — | — | Common Stock | 23,887 | 26,272 | 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 40,000 restricted stock units ("RSUs"), 13,333 of which vested on each of 12/06/13 and 12/06/14, and 13,334 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 815 vested dividend equivalent rights and a de minimus adjustment of 0.2254 due to fractional rounding of the dividend equivalent rights.
- F4As previously reported, on 12/11/13 the reporting person was granted 55,577 RSUs, 18,525 of which vested on 12/11/14, 18,526 of which vested early on 09/17/15, and 18,526 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 628 vested dividend equivalent rights and a de minimus adjustment of 0.6529 due to fractional rounding of the dividend equivalent rights.
- F5As previously reported, on 12/10/14 the reporting person was granted 44,165 RSUs, 14,721 of which vested early on 09/17/15, and 14,722 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 in column 5 includes 220 vested dividend equivalent rights and a de minimus adjustment of 0.6169 due to fractional rounding of the dividend equivalent rights.
- F6As previously reported, on 12/11/13 the reporting person was granted 50,159 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 861.6509 vested dividend equivalent rights accrued but not released since the grant date, and a de minimus adjustment of 0.8486 due to fractional rounding of the dividend equivalent rights.