SEC Form 4 · accession 0001179706-15-000139
HP INC · HPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Catherine A Lesjak
Officer — EVP & CFO
Period of report
Sep 21, 2015
Accepted (ET)
Sep 22, 2015 · 7:12 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 StockF1 | Sep 21, 2015 | M | 200,000 | $13.83 | A | 200,000 | D | |
| Common StockF3,F5 | Sep 21, 2015 | S | 200,000 | $26.3542 | D | 0 | D | |
| Common StockF4,F6,F2 | Sep 21, 2015 | S | 23,266 | $26.2295 | D | 23,267 | I | By Joint Account with Spouse |
| Common StockF7 | holding | — | — | — | 306 | I | By Spouse |
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)F8,F9,F10 | $13.83 | Sep 21, 2015 | M | 200,000 | D | Dec 6, 2014 | Dec 6, 2020 | Common Stock | 200,000 | 306,147 | D |
| Restricted Stock UnitsF12,F11 | — | Jul 1, 2015 | A | 208 | A | — | — | Common Stock | 208 | 38,366 | D |
| Restricted Stock UnitsF13,F11 | — | Jul 1, 2015 | A | 235 | A | — | — | Common Stock | 235 | 42,135 | D |
| Restricted Stock UnitsF14,F11 | — | Jul 1, 2015 | A | 255 | A | — | — | Common Stock | 255 | 44,823 | D |
Explanation of responses
- F1The total direct beneficial ownership reflects a decrease of 46,533 shares due to the transfer of 46,533 shares into a Joint Account with the reporting person's spouse on 06/30/15.
- F10This option is no longer exercisable beginning on this date.
- F11Each restricted stock unit represents a contingent right to receive one share of HP common stock.
- F12As previously reported, on 12/06/12 the reporting person was granted 108,460 restricted stock units ("RSUs"), 36,153 of which vested on each of 12/06/13 and 12/06/14, and 36,154 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 208.4896 dividend equivalent rights being reported reflect 208.4896 dividend equivalent rights at $30.52 per RSU credited to the reporting person's account on 07/01/15.
- F13As previously reported, on 12/11/13 the reporting person was granted 61,134 RSUs, 20,378 of which vested on 12/11/14, and 20,378 of which will vest on each of 12/11/15 and 12/11/16. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The 235.0280 dividend equivalent rights being reported reflect 235.0280 dividend equivalent rights at $30.52 per RSU credited to the reporting person's account on 07/01/15.
- F14As previously reported, on 12/10/14 the reporting person was granted 44,165 RSUs, 14,721 of which will vest on 12/10/15, 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 254.6868 dividend equivalent rights being reported reflect 254.6868 dividend equivalent rights at $30.52 per RSU credited to the reporting person's account on 07/01/15.
- F2The total indirect beneficial ownership reflects an increase of 46,533 shares due to the transfer of 46,533 shares previously reported as being held directly by the reporting person into a Joint Account with the reporting person's spouse on 06/30/15.
- F3The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 06/03/15.
- F4The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 06/04/15.
- F5The price in Column 4 is a weighted average price. The prices actually paid ranged from $26.20 to $26.50. Upon request, the reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff information regarding the number of shares purchased at each price within the range.
- F6The price in Column 4 is a weighted average price. The prices actually paid ranged from $26.20 to $26.25. Upon request, the reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff information regarding the number of shares purchased at each price within the range.
- F7There is no reportable change since the last filing. This is a reiteration of holdings only.
- F8On 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.
- F9This option became exercisable beginning on this date.