SEC Form 4 · accession 0001562180-17-003837
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, 2017
Accepted (ET)
Dec 11, 2017 · 5:21 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 StockF1 | Dec 7, 2017 | M | 23,394 | $0.00 | A | 61,153 | D | |
| Common Stock | Dec 7, 2017 | F | 12,208 | $20.97 | D | 48,945 | 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,F1 | — | Dec 7, 2017 | M | 23,394 | D | — | — | Common Stock | 23,394 | 45,408 | D |
| Restricted Stock UnitsF3,F1 | — | Dec 7, 2017 | A | 62,947 | A | — | — | Common Stock | 62,947 | 62,947 | D |
| Performance Adjusted Restricted Stock UnitsF4,F1 | — | Dec 7, 2017 | A | 88,550 | A | — | — | Common Stock | 88,550 | 88,550 | D |
Explanation of responses
- F1Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of HP common stock.
- F2On 12/7/2016, the reporting person was granted 68,111 RSUs, 22,703 of which vested on 12/7/2017 and 22,704 of which are scheduled to vest on each of 12/7/2018 and 12/7/2019. 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 691 vested dividend equivalent rights.
- F3On 12/7/2017, the reporting person was granted 62,947 RSUs, one-third of which vest annually over three years on the anniversary of the grant date. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock.
- F4On 12/7/2017, the reporting person was granted 88,550 Performance Adjusted Restricted Stock Units ("PARSUs"), 50% of which will be earned on each of 12/7/2019 and 12/7/2020 subject to certain relative total stockholder return conditions being met as of those dates, and 50% of which will be earned on each of 12/7/2018, 12/7/2019 and 12/7/2020 subject to certain earnings per share conditions being met as of those dates. A portion of the earned units will vest on each of 12/7/2019 and 12/7/2020. Dividend equivalent rights accrue with respect to these PARSUs when and as dividends are paid on HP common stock.