SEC Form 4 · accession 0001562180-16-002853
HP INC · HPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Enrique Lores
Officer — President, PSS
Period of report
Jul 26, 2016
Accepted (ET)
Jul 28, 2016 · 7:13 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 | Jul 26, 2016 | M | 15,533 | $14.18 | A | 84,822 | D | |
| Common Stock | Jul 26, 2016 | F | 8,106 | $14.18 | D | 76,716 | 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 UnitsF1,F2,F3 | — | Jul 26, 2016 | M | 15,533 | D | — | — | Common Stock | 15,533 | 0 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of HP common stock.
- F2As previously reported, on 07/26/13 the reporting person was granted 43,239 RSUs, 14,413 of which vested on each of 07/26/14, 7/26/2015 and 7/26/2016. 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 1,120 vested dividend equivalent rights.
- F3The share amounts reported reflect the conversion of the awards upon the distribution of the Hewlett Packard Enterprise shares on November 1, 2015.