Tuan Tran - Dec 7, 2021 Form 4 Insider Report for HP INC (HPQ)

Role: Pres Imaging Prtng & Solutions
Signature: /s/ Rick Hansen as Attorney-in-Fact for Tuan Tran
Stock symbol: HPQ
Transactions as of: Dec 7, 2021
Transactions value $: -$1,065,301
Form type: 4
Date filed: 12/9/2021, 05:01 PM
Next filing: Dec 28, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HPQ	Common Stock	Options Exercise	$0	+77.4K	+82.57%	$0.00	171K	Dec 7, 2021	Direct
transaction	HPQ	Common Stock	Tax liability	-$1.07M	-28.6K	-16.67%	$37.29	143K	Dec 7, 2021	Direct	F1, F2
holding	HPQ	Common Stock - 401 (k) Plan						15K	Dec 7, 2021	By 401 (k) Plan	F3

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	F4, F5
transaction	HPQ	Performance Adjusted Restricted Stock Units	Award		+35.6K			35.6K	Dec 7, 2021	Common Stock	35.6K		Direct	F6
transaction	HPQ	Performance Contingent Stock Options	Award		+164K			164K	Dec 7, 2021	Common Stock	164K	$37.29	Direct	F7
transaction	HPQ	Restricted Stock Units	Options Exercise		-31.8K	-33.93%		61.9K	Dec 7, 2021	Common Stock	31.8K		Direct	F4, F8
transaction	HPQ	Restricted Stock Units	Options Exercise		-31.2K	-51.62%		29.3K	Dec 7, 2021	Common Stock	31.2K		Direct	F4, F9
transaction	HPQ	Restricted Stock Units	Options Exercise		-14.4K	-100%		0	Dec 7, 2021	Common Stock	14.4K		Direct	F4, F10

* 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	Includes 148.453 shares acquired under HP's 2021 employee stock purchase plan on 10/29/2021.
F3	Includes shares acquired and dividends earned through December 9, 2021 in the HP Inc. 401(k) Plan.
F4	Each restricted stock unit ("RSU") represents a contingent right to receive one share of HP common stock.
F5	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.
F6	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.
F7	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.
F8	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.
F9	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.
F10	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.