SEC Form 4 · accession 0001562180-17-003496
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
Nov 2, 2017
Accepted (ET)
Nov 6, 2017 · 8:07 pm EST
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 | Nov 2, 2017 | M | 525,719 | $13.83 | A | 865,216 | D | |
| Common StockF1,F2 | Nov 2, 2017 | S | 525,719 | $21.2229 | D | 339,497 | D | |
| Common StockF3 | Nov 2, 2017 | M | 167,510 | $0.00 | A | 507,007 | D | |
| Common Stock | Nov 2, 2017 | F | 87,408 | $21.44 | D | 419,599 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F4,F5 | $13.83 | Nov 2, 2017 | M | 525,719 | D | — | Nov 1, 2023 | Common Stock | 525,719 | 0 | D |
| Restricted Stock UnitF6,F7,F3 | — | Nov 2, 2017 | M | 167,510 | D | — | — | Common Stock | 167,510 | 156,665 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by this reporting person on 6/23/2017.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.07-$21.43, inclusive. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3Each restricted stock unit ("RSU') represents a contingent right to receive one share of HP common stock.
- F4On November 2, 2015, the reporting person was granted performance contingent options to purchase a total of 1,577,157 shares.The stock options vest 1/3 annually on each of the anniversaries of the grant date, in each case subject to the satisfaction of certain stock price performance conditions being met within five years following the grant date.
- F5This option is no longer exercisable following this date.
- F6On 11/2/2015 the reporting person was granted 469,993 restricted stock units ("RSUs"), 156,664 of which vested on 11/2/2016, and 156,664 of which will vest on 11/2/2017 and 156,665 will vest on 11/2/2018. 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 10,846 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.
- F7The share amounts reported reflect the conversion of the awards upon the distribution of the Hewlett Packard Enterprise shares on November 1, 2015.