SEC Form 4 · accession 0001562180-18-004918
HP INC · HPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tracy S Keogh
Officer — Chief HR Officer
Period of report
Dec 7, 2018
Accepted (ET)
Dec 11, 2018 · 7:31 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 | Dec 7, 2018 | M | 46,654 | $0.00 | A | 283,384 | D | |
| Common StockF1 | Dec 7, 2018 | F | 23,132 | $22.93 | D | 260,252 | D | |
| Common Stock | Dec 9, 2018 | M | 34,921 | $0.00 | A | 295,173 | D | |
| Common StockF2 | Dec 9, 2018 | F | 17,314 | $22.93 | D | 277,859 | 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 UnitsF4,F3 | — | Dec 7, 2018 | A | 61,055 | A | — | — | Common Stock | 61,055 | 61,055 | D |
| Performance Adjusted Restricted Stock UnitsF5 | — | Dec 7, 2018 | A | 84,183 | A | — | — | Common Stock | 84,183 | 84,183 | D |
| Restricted Stock UnitsF6,F3 | — | Dec 7, 2018 | M | 25,255 | D | — | — | Common Stock | 25,255 | 23,943 | D |
| Restricted Stock UnitsF7,F3 | — | Dec 7, 2018 | M | 21,399 | D | — | — | Common Stock | 21,399 | 41,774 | D |
| Restricted Stock UnitsF8,F3 | — | Dec 9, 2018 | M | 34,921 | D | — | — | Common Stock | 34,921 | 0 | D |
Explanation of responses
- F123,132 shares were withheld by HP to satisfy tax withholding on vesting of restricted stock units ("RSUs").
- F217,314 shares were withheld by HP to satisfy tax withholding on vesting of RSUs.
- F3Each RSU represents a contingent right to receive one share of HP common stock.
- F4On 12/7/2018, the reporting person was granted 61,055 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.
- F5On 12/7/2018, the reporting person was granted 84,183 Performance Adjusted Restricted Stock Units ("PARSUs"), 50% of which will be earned on each of 12/7/2020 and 12/7/2021 subject to certain relative total stockholder return conditions being met as of those dates, and 50% of which will be earned on each of 12/7/2019, 12/7/2020 and 12/7/2021 subject to certain earnings per share conditions being met as of those dates. A portion of the earned units will vest on each of 12/7/2020 and 12/7/2021. Dividend equivalent rights accrue with respect to these PARSUs when and as dividends are paid on HP common stock.
- F6On 12/7/2016, the reporting person was granted 71,827 RSUs, 23,942 of which vested on each of 12/7/2017 and 12/7/2018, and 23,943 of which are scheduled to vest on 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 1,313 vested dividend equivalent rights.
- F7On 12/7/2017, the reporting person was granted 62,661 RSUs, 20,887 of which vested on 12/7/2018, and of which 20,887 are scheduled to vest on each of 12/7/2019 and 12/7/2020. 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 512 vested dividend equivalent rights.
- F8On 12/9/2015, the reporting person was granted 95,789 RSUs, 31,929 of which vested on each of 12/9/2016, and of which 31,930 vested on both 12/9/2017 and 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 2,991 vested dividend equivalent rights.