SEC Form 4 · accession 0001209191-15-084793
HP INC · HPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jon E Flaxman
Officer — Chief Operating Officer
Period of report
Dec 9, 2015
Accepted (ET)
Dec 11, 2015 · 5:35 pm EST
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 | Dec 10, 2015 | M | 5,667 | $12.36 | A | 15,608 | D | |
| Common Stock | Dec 10, 2015 | F | 2,000 | $12.36 | D | 13,608 | 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 UnitsF2,F1 | — | Dec 9, 2015 | A | 115,607 | A | — | — | Common Stock | 115,607 | 115,607 | D |
| Performance Adjusted Restricted Stock UnitsF3,F1 | — | Dec 9, 2015 | A | 168,589 | A | — | — | Common Stock | 168,589 | 168,589 | D |
| Restricted Stock UnitsF4,F5,F1 | — | Dec 10, 2015 | M | 5,667 | D | — | — | Common Stock | 5,667 | 11,098 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of HP common stock.
- F2On 12/09/15 the reporting person was granted 115,607 RSUs, 38,535 of which will vest on 12/09/16, and 38,536 of which will vest on each of 12/09/2017 and 12/09/2018. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on the HP common stock.
- F3On 12/09/15 the reporting person was granted 168,589 performance adjusted restricted stock units ("PARSUs"), 50% of which will vest on each of 12/09/17 and 12/09/18, 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.
- F4The share amounts reported reflect the conversion of the awards upon the distribution of the Hewlett Packard Enterprise shares on November 1, 2015.
- F5On 12/10/14 the reporting person was granted 16,647 RSUs, 5,549 of which vested on 12/10/15, and 5,549 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 the Issuer's common stock. The number of derivative securities in column 5 includes 118 vested dividend equivalent rights. The amounts reflected in this footnote reflect the conversion of the awards upon the distribution of the Hewlett Packard Enterprise shares on November 1, 2015.