Statement of Changes in Beneficial Ownership (4)
December 09 2021 - 5:02PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
|
1. Name and Address of Reporting Person
*
Tran Tuan |
2. Issuer Name and Ticker or Trading Symbol
HP INC
[
HPQ
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Pres Imaging Prtng & Solutions |
|
(Last)
(First)
(Middle)
C/O HP INC., 1501 PAGE MILL RD. |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/7/2021 |
|
(Street)
PALO ALTO, CA 94304
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security
(Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. 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 | 12/7/2021 | | M | | 77421.00 | A | $0.00 | 171181.00 | D | |
| Common Stock | 12/7/2021 | | F | | 28568.00 (1) | D | $37.29 | 142761.00 (2) | D | |
| Common Stock - 401 (k) Plan | | | | | | | | 14991.23 (3) | I | By 401 (k) Plan |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 of Derivative Security: 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 |
| Restricted Stock Units | (4) | 12/7/2021 | | A | | 61679.00 | | (5) | (5) | Common Stock | 61679.00 | (5) | 61679.00 | D | |
| Performance Adjusted Restricted Stock Units | (6) | 12/7/2021 | | A | | 35630.00 | | (6) | (6) | Common Stock | 35630.00 | (6) | 35630.00 | D | |
| Performance Contingent Stock Options | $37.29 | 12/7/2021 | | A | | 163807.00 | | (7) | (7) | Common Stock | 163807.00 | (7) | 163807.00 | D | |
| Restricted Stock Units | (4) | 12/7/2021 | | M | | | 31810.00 | (8) | (8) | Common Stock | 31810.00 | (8) | 61937.00 | D | |
| Restricted Stock Units | (4) | 12/7/2021 | | M | | | 31231.00 | (9) | (9) | Common Stock | 31231.00 | (9) | 29269.00 | D | |
| Restricted Stock Units | (4) | 12/7/2021 | | M | | | 14380.00 | (10) | (10) | Common Stock | 14380.00 | (10) | 0.00 | D | |
| Explanation of Responses: |
| (1) | Shares withheld by HP to satisfy tax withholding upon vesting. |
| (2) | Includes 148.453 shares acquired under HP's 2021 employee stock purchase plan on 10/29/2021. |
| (3) | Includes shares acquired and dividends earned through December 9, 2021 in the HP Inc. 401(k) Plan. |
| (4) | Each restricted stock unit ("RSU") represents a contingent right to receive one share of HP common stock. |
| (5) | On 12/7/2021, the reporting person was granted 61,679 RSUs, one-third of which vest annually over three years on each of 12/7/2022, 12/7/2023 and 12/7/2024. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. |
| (6) | On 12/7/2021, the reporting person was granted 35,630 performance adjusted restricted stock units ("PARSUs"), 100% of which will only be earned after certification of financial results as of 10/31/2024, 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. |
| (7) | The performance contingent stock options granted on 12/7/2021 will vest 33.3% on each of the first two anniversaries of the grant date, and 33.4% on the third anniversary, in each case subject to the satisfaction of certain stock price performance conditions. |
| (8) | As previously reported, on 12/7/2020, the reporting person was granted 92,905 RSUs, 30,968 of which vested on 12/7/2021, 30,968 of which is scheduled to vest on 12/7/2022 and 30,969 of which is scheduled to vest on 12/7/2023. 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 842 vested dividend equivalent rights. |
| (9) | As previously reported, on 12/6/2019, the reporting person was granted 87,805 RSUs, 29,268 of which vested on 12/7/2020 and 12/7/2021, and 29,269 of which is scheduled to vest on 12/7/2022. 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 1,963 vested dividend equivalent rights. |
| (10) | As previously reported, on 12/7/2018, the reporting person was granted 39,250 RSUs, 13,083 of which vested on each of 12/7/2019 and 12/7/2020, and 13,084 of which vested 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 1,296 vested dividend equivalent rights. |
Reporting Owners
|
| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Tran Tuan
C/O HP INC.
1501 PAGE MILL RD.
PALO ALTO, CA 94304 |
|
| Pres Imaging Prtng & Solutions |
|
Signatures
|
| /s/ Rick Hansen as Attorney-in-Fact for Tuan Tran | | 12/9/2021 |
| **Signature of Reporting Person | Date |
HP (NYSE:HPQ)
Historical Stock Chart
From Mar 2024 to Apr 2024
HP (NYSE:HPQ)
Historical Stock Chart
From Apr 2023 to Apr 2024
