SEC Form 4 · accession 0001562180-17-003853
HP INC · HPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jon E Flaxman
Officer — Chief Operating Officer
Period of report
Dec 9, 2017
Accepted (ET)
Dec 12, 2017 · 5:49 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 9, 2017 | M | 41,204 | $0.00 | A | 159,135 | D | |
| Common Stock | Dec 9, 2017 | F | 20,596 | $21.07 | D | 138,539 | D | |
| Common StockF1 | Dec 10, 2017 | M | 6,051 | $0.00 | A | 144,590 | D | |
| Common Stock | Dec 10, 2017 | F | 3,028 | $21.07 | D | 141,562 | 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 9, 2017 | M | 41,204 | D | — | — | Common Stock | 41,204 | 38,536 | D |
| Restricted Stock UnitsF3,F1 | — | Dec 10, 2017 | M | 6,051 | D | — | — | Common Stock | 6,051 | 0 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of HP common stock.
- F2On 12/9/2015, the reporting person was granted 115,607 RSUs, 38,535 of which vested on 12/9/2016, 38,536 of which vested on 12/9/2017 and 38,536 of which are scheduled to vest 12/9/2018. 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 2,668 vested dividend equivalent rights.
- F3On 12/10/2014, the reporting person was granted 16,647 RSUs, 5,549 of which vested on each of 12/10/2015, 12/10/2016 and 12/10/2017. 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 502 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.