SEC Form 4 · accession 0001562180-16-002882
HP INC · HPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dion J Weisler
Officer — President and CEO · Director
Period of report
Aug 1, 2016
Accepted (ET)
Aug 2, 2016 · 4:42 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 | Aug 1, 2016 | M | 31,092 | $14.18 | A | 117,110 | D | |
| Common Stock | Aug 1, 2016 | F | 11,685 | $14.18 | D | 105,425 | 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 | — | Aug 1, 2016 | M | 31,092 | D | — | — | Common Stock | 31,092 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of HP common stock.
- F2As previously reported, on 8/1/2013, the reporting person was granted 86,547 restricted stock units ("RSUs"), 28,849 of which vested on each of 8/1/2014, 8/1/2015 and 8/1/2016. 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 2,243 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.