SEC Form 4 · accession 0001562180-18-004926
HP INC · HPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Enrique Lores
Officer — President, PSS
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 | 65,228 | $0.00 | A | 264,161 | D | |
| Common StockF1 | Dec 7, 2018 | F | 32,341 | $22.93 | D | 231,820 | D | |
| Common Stock | Dec 9, 2018 | M | 42,146 | $0.00 | A | 273,966 | D | |
| Common StockF2 | Dec 9, 2018 | F | 20,897 | $22.93 | D | 253,069 | 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 | 98,561 | A | — | — | Common Stock | 98,561 | 98,561 | D |
| Performance Adjusted Restricted Stock UnitsF5 | — | Dec 7, 2018 | A | 135,896 | A | — | — | Common Stock | 135,896 | 135,896 | D |
| Restricted Stock UnitsF6,F3 | — | Dec 7, 2018 | M | 32,658 | D | — | — | Common Stock | 32,658 | 30,960 | D |
| Restricted Stock UnitsF7,F3 | — | Dec 7, 2018 | M | 32,570 | D | — | — | Common Stock | 32,570 | 63,583 | D |
| Restricted Stock UnitsF8,F3 | — | Dec 9, 2018 | M | 42,146 | D | — | — | Common Stock | 42,146 | 0 | D |
Explanation of responses
- F132,341 shares were withheld by HP to satisfy tax withholding on vesting of restricted stock units ("RSUs").
- F220,897 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 98,561 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 135,896 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 92,879 RSUs, 30,959 of which vested on 12/7/2017, 30,960 of which vested on 12/7/2018, and 30,960 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 1,698 vested dividend equivalent rights.
- F7On 12/7/2017, the reporting person was granted 95,374 RSUs, 31,791 of which vested on 12/7/2018, 31,791 of which are scheduled to vest on 12/7/2019 and of which 31,792 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 779 vested dividend equivalent rights.
- F8On 12/9/2015, the reporting person was granted 115,607 RSUs, 1/3rd of which vested on each of 12/9/2016,12/9/2017 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 3,610 vested dividend equivalent rights.