SEC Form 4
FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol HP INC [ HPQ ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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3. Date of Earliest Transaction (Month/Day/Year) 12/06/2019 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 12/07/2019 | M | 61,272 | A | $0.00 | 79,373(1) | D | |||
Common Stock | 12/07/2019 | F | 27,151(2) | D | $20.5 | 52,222 | D | |||
Common Stock | 12/10/2019 | S | 22,018(3) | D | $19.99 | 30,204 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Performance Adjusted Restricted Stock Units | (4) | 12/06/2019 | A | 131,199 | (4) | (4) | Common Stock | 131,199 | (4) | 131,199 | D | ||||
Restricted Stock Units | (5) | 12/06/2019 | A | 93,659 | (6) | (6) | Common Stock | 93,659 | (6) | 93,659 | D | ||||
Restricted Stock Units | (5) | 12/07/2019 | M | 24,006 | (7) | (7) | Common Stock | 24,006 | (7) | 46,519 | D | ||||
Restricted Stock Units | (5) | 12/07/2019 | M | 15,955 | (8) | (8) | Common Stock | 15,955 | (8) | 15,101 | D | ||||
Restricted Stock Units | (5) | 12/07/2019 | M | 21,311 | (9) | (9) | Common Stock | 21,311 | (9) | 0.00 | D |
Explanation of Responses: |
1. Includes 2.337 shares previously acquired pursuant to an exempt acquisition from HP. |
2. 27,151 shares were withheld by HP to satisfy tax withholding on vesting of Restricted Stock Units ("RSUs"). |
3. The sales reported on this Form 4 were executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 6/26/2019. |
4. On 12/6/2019, the reporting person was granted 131,199 Performance Adjusted Restricted Stock Units ("PARSUs"), 100% of which will only be earned after certification of financial results as of 10/31/22, subject to certain earnings per share and relative total stockholder return conditions being met as of that date. Dividend equivalent rights accrue with respect to these PARSUs when and as dividends are paid on HP common stock. |
5. Each RSU represents a contingent right to receive one share of HP common stock. |
6. On 12/6/2019, the reporting person was granted 93,659 RSUs, one-third of which vest annually over three years on each of 12/7/2020, 12/7/2021 and 12/7/2022. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. |
7. On 12/7/2018, the reporting person was granted 69,778 RSUs, 23,259 of which vested on 12/7/2019, 23,259 of which are scheduled to vest on 12/7/2020, and 23,260 of which are scheduled to vest on 12/7/2021. 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 747 vested dividend equivalent rights. |
8. On 12/7/2017, the reporting person was granted 45,303 RSUs, 15,101 of which vested on each of 12/7/2018 and 12/7/2019, and 15,101 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 854 vested dividend equivalent rights. |
9. On 12/7/2016, the reporting person was granted 58,824 RSUs, 19,608 of which vested on each of 12/7/2017, 12/7/2018 and 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 1,703 vested dividend equivalent rights. |
Remarks: |
/s/ Katie Colendich as Attorney-in-Fact for CHO ALEX | 12/10/2019 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |