SEC Form 4 · accession 0001562180-18-004925
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, 2018
Accepted (ET)
Dec 11, 2018 · 7:42 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 | 45,445 | $0.00 | A | 132,647 | D | |
| Common StockF1 | Dec 7, 2018 | F | 22,533 | $22.93 | D | 110,114 | D | |
| Common Stock | Dec 9, 2018 | M | 31,309 | $0.00 | A | 141,423 | D | |
| Common StockF2 | Dec 9, 2018 | F | 15,524 | $22.93 | D | 125,899 | 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 | 87,222 | A | — | — | Common Stock | 87,222 | 87,222 | D |
| Performance Adjusted Restricted Stock UnitsF5 | — | Dec 7, 2018 | A | 120,262 | A | — | — | Common Stock | 120,262 | 120,262 | D |
| Restricted Stock UnitsF6,F3 | — | Dec 7, 2018 | M | 23,949 | D | — | — | Common Stock | 23,949 | 22,704 | D |
| Restricted Stock UnitsF7,F3 | — | Dec 7, 2018 | M | 21,496 | D | — | — | Common Stock | 21,496 | 41,965 | D |
| Restricted Stock UnitsF8,F3 | — | Dec 9, 2018 | M | 31,309 | D | — | — | Common Stock | 31,309 | 0 | D |
Explanation of responses
- F122,533 shares were withheld by HP to satisfy tax withholding on vesting of restricted stock units ("RSUs").
- F215,524 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 87,222 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 120,262 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 68,111 RSUs, 22,703 of which vested on 12/7/2017, 22,704 of which vested on 12/7/2018, and 22,704 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 1,245 vested dividend equivalent rights.
- F7On 12/7/2017, the reporting person was granted 62,947 RSUs, 20,982 of which vested on 12/7/2018, 20,982 of which are scheduled to vest on 12/7/2019, and 20,983 of which will 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 514 vested dividend equivalent rights.
- F8On 12/9/2015, the reporting person was granted 85,879 RSUs, 28,626 of which vested on each of 12/9/2016 and 12/9/2017, and of which 28,627 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 2,682 vested dividend equivalent rights.