SEC Form 4 · accession 0001209191-15-084795
HP INC · HPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Catherine A Lesjak
Officer — CFO
Period of report
Dec 9, 2015
Accepted (ET)
Dec 11, 2015 · 5:36 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 | 32,503 | $12.36 | A | 74,238 | D | |
| Common Stock | Dec 10, 2015 | F | 16,213 | $12.36 | A | 58,025 | D | |
| Common StockF1 | holding | — | — | — | 29,549 | I | By Joint Account with Spouse | |
| Common StockF1 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F2 | — | Dec 9, 2015 | A | 165,153 | A | — | — | Common Stock | 165,153 | 165,153 | D |
| Performance Adjusted Restricted Stock UnitsF4,F2 | — | Dec 9, 2015 | A | 240,841 | A | — | — | Common Stock | 240,841 | 240,841 | D |
| Restricted Stock UnitsF5,F6,F2 | — | Dec 10, 2015 | M | 32,503 | D | — | — | Common Stock | 32,503 | 63,656 | D |
Explanation of responses
- F1There is no reportable change since the last filing. This is a reiteration of holdings only.
- F2Each restricted stock unit represents a contingent right to receive one share of HP common stock.
- F3On 12/09/15 the reporting person was granted 165,153 RSUs, 55,051 of which will vest on each of 12/09/2016, 12/09/2017 and 12/09/2018. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock.
- F4On 12/09/15 the reporting person was granted 240,841 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.
- F5The share amounts reported reflect the conversion of the awards upon the distribution of the Hewlett Packard Enterprise shares on November 1, 2015.
- F6On 12/10/14 the reporting person was granted 95,484 restricted stock units ("RSUs"), 31,828 of which vested on 12/10/15, and 31,828 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 675 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.