Sec Form 4 Filing - LORES ENRIQUE @ HP INC - 2021-12-07

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
LORES ENRIQUE
2. Issuer Name and Ticker or Trading Symbol
HP INC [ HPQ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President and CEO
(Last) (First) (Middle)
C/O HP INC. 1501 PAGE MILL RD
3. Date of Earliest Transaction (MM/DD/YY)
12/07/2021
(Street)
PALO ALTO, CA94304
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 12/07/2021 M 190,528 A $ 0 743,429 D
Common Stock 12/07/2021 F 90,225( 1 ) D $ 37.29 653,204 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 ( 2 ) 12/07/2021 A 120,676 ( 3 ) ( 3 ) Common Stock 120,676 ( 3 ) 120,676 D
Performance Adjusted Restricted Stock Units ( 4 ) 12/07/2021 A 108,441 ( 4 ) ( 4 ) Common Stock 108,441 ( 4 ) 108,441 D
Performance Contingent Stock Options $ 37.29 12/07/2021 A 498,543 ( 5 ) ( 5 ) Common Stock 498,543 ( 5 ) 498,543 D
Restricted Stock Units ( 2 ) 12/07/2021 M 78,078 ( 6 ) ( 6 ) Common Stock 78,078 ( 6 ) 152,028 D
Restricted Stock Units ( 2 ) 12/07/2021 M 76,341 ( 7 ) ( 7 ) Common Stock 76,341 ( 7 ) 71,545 D
Restricted Stock Units ( 2 ) 12/07/2021 M 36,109 ( 8 ) ( 8 ) Common Stock 36,109 ( 8 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LORES ENRIQUE
C/O HP INC. 1501 PAGE MILL RD
PALO ALTO, CA94304
X President and CEO
Signatures
/s/ Rick Hansen as Attorney-in-Fact for Enrique Lores 12/09/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares withheld by HP to satisfy tax withholding upon vesting.
( 2 )Each restricted stock unit ("RSU") represents a contingent right to receive one share of HP common stock.
( 3 )On 12/7/2021, the reporting person was granted 120,676 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.
( 4 )On 12/7/2021, the reporting person was granted 108,441 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.
( 5 )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.
( 6 )As previously reported, on 12/7/2020, the reporting person was granted 228,041 RSUs, 76,013 of which vested on 12/7/2021 and 76,014 of which is scheduled to vest on each of 12/7/2022 and 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 2,065 vested dividend equivalent rights.
( 7 )As previously reported, on 12/6/2019, the reporting person was granted 214,634 RSUs, 71,544 of which vested on 12/7/2020, 71,545 vested on 12/7/2021 and 71,545 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 4,796 vested dividend equivalent rights.
( 8 )As previously reported, on 12/7/2018, the reporting person was granted 98,561 RSUs, 32,853 of which vested on 12/7/2019, 32,854 of which vested on 12/7/2020 and 32,854 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 3,255 vested dividend equivalent rights.

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