HP INC — Director's Dealing 2020

Dec 10, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HP INC (HPQ)
CIK: 0000047217
Period of Report: 2020-12-07

Reporting Person: LORES ENRIQUE (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-07	Common Stock	M	144473.00	—	Acquired	603684.00	Direct
2020-12-07	Common Stock	F	71634.00	$23.68	Disposed	532050.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-07	Restricted Stock Units	$	A	228041.00	Acquired		Common Stock (228041.00)	Direct
2020-12-07	Performance Adjusted Restricted Stock Units	$	A	143735.00	Acquired		Common Stock (143735.00)	Direct
2020-12-07	Performance Contingent Stock Options	$23.68	A	637460.00	Acquired		Common Stock (637460.00)	Direct
2020-12-07	Restricted Stock Units	$	M	74398.00	Disposed		Common Stock (74398.00)	Direct
2020-12-07	Restricted Stock Units	$	M	35219.00	Disposed		Common Stock (35219.00)	Direct
2020-12-07	Restricted Stock Units	$	M	34856.00	Disposed		Common Stock (34856.00)	Direct

Footnotes

F1: Each RSU represents a contingent right to receive one share of HP common stock.

F2: 71,634 shares were withheld by HP to satisfy tax withholding on vesting of RSUs.

F3: On 12/7/2020, the reporting person was granted 228,041 RSUs, one-third of which vest annually over three years on each of 12/7/2021, 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.

F4: On 12/7/2020, the reporting person was granted 143,735 Performance Adjusted Restricted Stock Units ("PARSUs"), 100% of which will only be earned after certification of financial results as of 10/31/23, 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 12/7/2020 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 being met within five years following the grant date.

F6: On 12/6/2019, the reporting person was granted 214,634 RSUs, 71,544 of which vested on 12/7/2020, and of which 71,545 is scheduled to vest on 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. The number of derivative securities in column 5 includes 2,854 vested dividend equivalent rights.

F7: On 12/7/2018, the reporting person was granted 98,561 RSUs, 32,853 of which vested on 12/7/2019 and of which vested 32,854 on 12/7/2020 and of which 32,854 is expected 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 2,365 vested dividend equivalent rights.

F8: On 12/7/2017, the reporting person was granted 95,374 RSUs, 31,791 of which vested on 12/7/2018 and 12/7/2019 and 31,792 of which vested 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 3,064 vested dividend equivalent rights.