Alex Cho - Dec 7, 2021 Form 4 Insider Report for HP INC (HPQ)

Signature
/s/ Rick Hansen as Attorney-in-Fact for Alex Cho
Stock symbol
HPQ
Transactions as of
Dec 7, 2021
Transactions value $
-$1,676,745
Form type
4
Date filed
12/9/2021, 04:59 PM
Previous filing
Nov 18, 2021
Next filing
Mar 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HPQ Common Stock Options Exercise $0 +90.7K +1112.04% $0.00 98.8K Dec 7, 2021 Direct
transaction HPQ Common Stock Tax liability -$1.68M -45K -45.49% $37.29 53.9K Dec 7, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HPQ Restricted Stock Units Award +61.7K 61.7K Dec 7, 2021 Common Stock 61.7K Direct F2, F3
transaction HPQ Performance Adjusted Restricted Stock Units Award +35.6K 35.6K Dec 7, 2021 Common Stock 35.6K Direct F4
transaction HPQ Performance Contingent Stock Options Award +164K 164K Dec 7, 2021 Common Stock 164K $37.29 Direct F5
transaction HPQ Restricted Stock Units Options Exercise -31.8K -33.93% 61.9K Dec 7, 2021 Common Stock 31.8K Direct F2, F6
transaction HPQ Restricted Stock Units Options Exercise -33.3K -51.62% 31.2K Dec 7, 2021 Common Stock 33.3K Direct F2, F7
transaction HPQ Restricted Stock Units Options Exercise -25.6K -100% 0 Dec 7, 2021 Common Stock 25.6K Direct F2, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by HP to satisfy tax withholding upon vesting.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of HP common stock.
F3 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.
F4 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.
F5 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.
F6 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.
F7 As previously reported, on 12/6/2019, the reporting person was granted 93,659 RSUs, and 31,219 of which vested on 12/7/2020, 31,220 vested on 12/7/2021 and 31,220 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 2,093 vested dividend equivalent rights.
F8 As previously reported, on 12/7/2018, the reporting person was granted 69,778 RSUs, 23,259 of which vested on each of 12/7/2019 and 12/7/2020, and 23,260 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 2,304 vested dividend equivalent rights.