SEC Form 4 · accession 0001562180-16-003724
HP INC · HPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kim M Rivera
Officer — Chief Legal Officer, GC & Sec
Period of report
Dec 7, 2016
Accepted (ET)
Dec 9, 2016 · 8:12 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000047217
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Adjusted Restricted Stock UnitsF2,F1 | — | Dec 7, 2016 | A | 93,525 | A | — | — | Common Stock | 93,525 | 93,525 | D |
| Restricted Stock UnitsF3,F1 | — | Dec 7, 2016 | A | 68,111 | A | — | — | Common Stock | 68,111 | 68,111 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of HP common stock.
- F2On 12/7/16 the reporting person was granted 93,525 performance adjusted restricted stock units ("PARSUs"), 50% of which will be earned on each of 12/7/18 and 12/7/19 subject to certain relative total stockholder return conditions being met as of those dates, and 50% of which will be earned on each of 12/7/17, 12/7/18 and 12/7/19 subject to certain earnings per share conditions being met as of those dates. A portion of the earned units will vest on each of 12/7/18 and 12/7/19. Dividend equivalent rights accrue with respect to these PARSUs when and as dividends are paid on HP common stock.
- F3On 12/07/16 the reporting person was granted 68,111 RSUs, 22,703 of which will vest on 12/07/17 and 22,704 will vest on each of 12/07/2018, and 12/07/2019. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on the HP common stock.