SEC Form 4 · accession 0001562180-16-002187
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
Apr 27, 2016
Accepted (ET)
Apr 28, 2016 · 6:11 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 | Apr 27, 2016 | M | 16,885 | $12.76 | A | 30,493 | D | |
| Common Stock | Apr 27, 2016 | F | 5,962 | $12.76 | D | 24,531 | 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,F3,F1 | — | Apr 27, 2016 | M | 16,885 | D | — | — | Common Stock | 16,885 | 32,688 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of HP common stock.
- F2On 4/27/2015 the reporting person was granted 49,031 RSUs, 16,343 of which vested on each of 4/27/2016 and 16,344 of which will vest on 4/27/2017 and 16,344 will vest on 4/27/2018. 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 542 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.
- F3The share amounts reported reflect the conversion of the awards upon the distribution of the Hewlett Packard Enterprise shares on November 1, 2015.