SEC Form 4 · accession 0001562180-16-002015
HP INC · HPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Enrique Lores
Officer — President, PSS
Period of report
Mar 18, 2016
Accepted (ET)
Mar 22, 2016 · 4:44 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 | Mar 18, 2016 | M | 111,606 | $12.18 | A | 111,607 | D | |
| Common Stock | Mar 18, 2016 | F | 46,463 | $12.18 | D | 65,144 | D | |
| Common StockF1 | holding | — | — | — | 980 | I | By Andbank | |
| Common StockF1 | holding | — | — | — | 3,165 | I | By Joint Fund Account with 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,F4,F2 | — | Mar 19, 2016 | M | 111,606 | D | — | — | Common Stock | 111,606 | 223,209 | D |
Explanation of responses
- F1There is no reportable change since the last filing. This is a reiteration of holdings only.
- F2Each restricted stock unit ("RSU') represents a contingent right to receive one share of HP common stock.
- F3On 3/18/2015 the reporting person was granted 327,2777 restricted stock units ("RSUs"), of which 109,092 vested on 3/18/2016, 109,092 of which will vest on 3/18/2017, and 109,093 of which will vest on 3/18/2018. 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 2,514 vested dividend equivalent rights.
- F4The share amounts reported reflect the conversion of the awards upon the distribution of the Hewlett Packard Enterprise shares on November 1, 2015.