SEC Form 4 · accession 0001562180-18-004920
HP INC · HPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alex Cho
Officer — President, Personal Systems
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 | 36,154 | $0.00 | A | 36,154 | D | |
| Common StockF1 | Dec 7, 2018 | F | 14,209 | $22.93 | D | 21,945 | D | |
| Common Stock | Dec 9, 2018 | M | 13,547 | $0.00 | A | 35,492 | D | |
| Common StockF2 | Dec 9, 2018 | F | 6,718 | $22.93 | D | 28,774 | 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 | 69,778 | A | — | — | Common Stock | 69,778 | 69,778 | D |
| Performance Adjusted Restricted Stock UnitsF5 | — | Dec 7, 2018 | A | 96,210 | A | — | — | Common Stock | 96,210 | 96,210 | D |
| Restricted Stock UnitsF6,F3 | — | Dec 7, 2018 | M | 20,683 | D | — | — | Common Stock | 20,683 | 19,608 | D |
| Restricted Stock UnitsF7,F3 | — | Dec 7, 2018 | M | 15,471 | D | — | — | Common Stock | 15,471 | 30,202 | D |
| Restricted Stock UnitsF8,F3 | — | Dec 9, 2018 | M | 13,547 | D | — | — | Common Stock | 13,547 | 0 | D |
Explanation of responses
- F114,209 shares were withheld by HP to satisfy tax withholding on vesting of restricted stock units ("RSUs").
- F26,718 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 69,778 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 96,210 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 58,824 RSUs, 19,608 of which vested on each of 12/7/2017 and 12/7/2018, and of which 19,608 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 1,075 vested dividend equivalent rights.
- F7On 12/7/2017, the reporting person was granted 45,303 RSUs, 15,101 of which vested on 12/7/2018 and of which 15,101 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 370 vested dividend equivalent rights.
- F8On 12/9/2015, the reporting person was granted 37,159 RSUs, 12,386 of which vested on each of 12/9/2016 and 12/9/2017, and of which 12,387 vested on 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 1,160 vested dividend equivalent rights.