SEC Form 4 · accession 0001562180-16-003333
HP INC · HPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ron Coughlin
Officer — President, Personal Systems
Period of report
Oct 30, 2016
Accepted (ET)
Nov 1, 2016 · 5:13 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 | Oct 30, 2016 | M | 48,596 | $14.09 | A | 74,049 | D | |
| Common Stock | Oct 30, 2016 | F | 18,264 | $14.09 | D | 55,785 | 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 | — | Oct 30, 2016 | M | 48,596 | D | — | — | Common Stock | 48,596 | 93,558 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of HP common stock.
- F2As previously reported, on 10/30/2015 the reporting person was granted 140,336 RSUs, 46,778 of which vested on 10/30/2016, 46,779 will vest on 10/30/2017 and 46,779 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.
- F3The share amounts reported reflect the conversion of the awards upon the distribution of the Hewlett Packard Enterprise shares on November 1, 2015.