HRC Hill Rom Holdings

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                                                                                   
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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 * Ladone Mary Kay	2. Issuer Name and Ticker or Trading Symbol Hill-Rom Holdings, Inc. [ HRC ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                    _____ 10% Owner __X__ Officer (give title below)    _____ Other (specify below) SVP, Corp. Dev., Strat. & IR
(Last)          (First)          (Middle) 130 EAST RANDOLPH STREET, SUITE 1000	3. Date of Earliest Transaction (MM/DD/YYYY) 11/10/2021
(Street) CHICAGO, IL 60601 (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	11/11/2021		M		2018	A	$94.14	3855	D
Common Stock	11/11/2021		S(1)		2018	D	$155.14	1837	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 Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. 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 Date		7. 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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units (11/10/2021)	(2)	11/10/2021		A		6708		(3)	(3)	Common Stock	6708	$0	6708	D
Employee Stock Option (Right to Buy)	$94.14	11/11/2021		M			2018	(4)	11/11/2030	Common Stock	2018	$0	6054	D

Explanation of Responses:
(1)	These sales were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 6, 2021.
(2)	Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
(3)	RSUs vest 34% on November 11, 2022, 33% on November 11, 2023 and 33% on November 11, 2024. RSUs will automatically be converted into shares of common stock on the date indicated and are entitled to dividend equivalent rights which accrue on dividend record dates.
(4)	The options vested, or will vest, 25% on each of November 11, 2021, 2022, 2023 and 2024.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Ladone Mary Kay 130 EAST RANDOLPH STREET SUITE 1000 CHICAGO, IL 60601			SVP, Corp. Dev., Strat. & IR

Signatures
/s/ Ari D. Mintzer as Attorney-in-Fact for Mary Kay Ladone		11/12/2021
**Signature of Reporting Person		Date