SEC Form 4 · accession 0001562180-18-004923
HP INC · HPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven J. Fieler
Officer — Chief Financial Officer
Period of report
Dec 7, 2018
Accepted (ET)
Dec 11, 2018 · 7:41 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 | 12,214 | $0.00 | A | 12,240 | D | |
| Common StockF1 | Dec 7, 2018 | F | 6,057 | $22.93 | D | 6,183 | 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 UnitsF3,F2 | — | Dec 7, 2018 | A | 69,778 | A | — | — | Common Stock | 69,778 | 69,778 | D |
| Performance Adjusted Restricted Stock UnitsF4 | — | Dec 7, 2018 | A | 96,210 | A | — | — | Common Stock | 96,210 | 96,210 | D |
| Restricted Stock UnitsF5,F2 | — | Dec 7, 2018 | M | 12,214 | D | — | — | Common Stock | 12,214 | 23,844 | D |
Explanation of responses
- F16,057 shares were withheld by HP to satisfy tax withholding on vesting of restricted stock units ("RSUs").
- F2Each RSU represents a contingent right to receive one share of HP common stock.
- F3On 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.
- F4On 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.
- F5On 12/7/2017, the reporting person was granted 35,765 RSUs, 11,921 of which vested on 12/7/2018, 11,922 of which are scheduled to vest on 12/7/2019, and 11,922 of which are scheduled to vest on 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 293 vested dividend equivalent rights.