SEC Form 4 · accession 0001179706-15-000151
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
Oct 1, 2015
Accepted (ET)
Oct 5, 2015 · 8:10 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 | Oct 1, 2015 | M | 26,275 | $25.35 | A | 26,275 | D | |
| Common Stock | Oct 1, 2015 | F | 13,711 | $25.35 | D | 12,564 | D | |
| Common StockF1 | Oct 5, 2015 | S | 6,282 | $26.35 | D | 6,282 | D | |
| Common StockF2 | holding | — | — | — | 23,267 | I | By Joint Account with Spouse | |
| Common StockF2 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Adjusted Restricted Stock UnitsF5,F3,F4 | — | Oct 1, 2015 | M | 26,275 | D | — | — | Common Stock | 26,275 | 28,900 | 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 06/04/15.
- F2There is no reportable change since the last filing. This is a reiteration of holdings only.
- F3Each restricted stock unit represents a contingent right to receive one share of HP common stock.
- F4On 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 10/01/15.
- F5As previously reported, on 12/11/13 the reporting person was granted 55,175 performance adjusted restricted stock units ("PARSUs"), 50% of which vested early on 10/01/15, 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 947.8194 vested dividend equivalent rights accrued but not released since the grant date, and a de minimus adjustment of 0.1382 due to fractional rounding of the dividend equivalent rights.