SEC Form 4 · accession 0001562180-16-003331
HP INC · HPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Enrique Lores
Officer — President, PSS
Period of report
Oct 30, 2016
Accepted (ET)
Nov 1, 2016 · 5:11 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 | Oct 30, 2016 | M | 48,596 | $14.09 | A | 125,312 | D | |
| Common Stock | Oct 30, 2016 | F | 25,358 | $14.09 | D | 99,954 | 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 | — | Oct 30, 2016 | M | 48,596 | D | — | — | Common Stock | 48,596 | 93,558 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of HP common stock.
- F2On 10/30/2015 the reporting person was granted 140,336 RSUs, 46,778 vested on 10/30/2016 and 46,779 of which will vest on 10/30/2017 and 46,779 of which will vest on 10/30/2018. 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 1,818 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.