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 *

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/YYYY)

12/7/2020
(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 12/7/2020  M  144473.00 A (1)603684.00 D  
Common Stock 12/7/2020  F  71634.00 D$23.68 (2)532050.00 D  

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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units  (3)12/7/2020  A   228041.00     (3) (3)Common Stock 228041.00  (3)228041.00 D  
Performance Adjusted Restricted Stock Units  (4)12/7/2020  A   143735.00     (4) (4)Common Stock 143735.00  (4)143735.00 D  
Performance Contingent Stock Options $23.68 12/7/2020  A   637460.00     (5) (5)Common Stock 637460.00  (5)637460.00 D  
Restricted Stock Units  (6)12/7/2020  M     74398.00   (6) (6)Common Stock 74398.00  (6)143090.00 D  
Restricted Stock Units  (7)12/7/2020  M     35219.00 (7)  (7) (7)Common Stock 35219.00  (7)32854.00 D  
Restricted Stock Units  (8)12/7/2020  M     34856.00   (8) (8)Common Stock 34856.00  (8)0.00 D  

Explanation of Responses:
(1) Each RSU represents a contingent right to receive one share of HP common stock.
(2) 71,634 shares were withheld by HP to satisfy tax withholding on vesting of RSUs.
(3) 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.
(4) 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.
(5) 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.
(6) 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.
(7) 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.
(8) 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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
LORES ENRIQUE
C/O HP INC. 1501 PAGE MILL RD
PALO ALTO, CA 94304
X
President and CEO

Signatures
/s / Ruairidh Ross, Attorney-in-Fact for LORES ENRIQUE12/9/2020
**Signature of Reporting PersonDate

HP (NYSE:HPQ)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more HP Charts.
HP (NYSE:HPQ)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more HP Charts.