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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 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 (Month/Day/Year) |
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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option (right to buy) | $ 14.22 | 02/11/2016 | J(1) | V | 1,185,000 | (2) | 09/11/2024 | Common Stock | 1,185,000 | $ 0 (1) | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
BEARDEN ROBERT G C/O HORTONWORKS, INC. 5470 GREAT AMERICA PARKWAY SANTA CLARA, CA 95054 |
X | Chief Executive Officer |
/s/ David Howard as Attorney-in-fact for Robert G. Bearden | 02/16/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | On February 11, 2016, the Reporting Person voluntarily cancelled a stock option to purchase 1,185,000 shares of common stock dated September 12, 2014 (the "Option"), which Option was previously reported on a Form 3 filed with the SEC on December 11, 2014. The Reporting Person did not receive any consideration for the cancellation of the Option, and therefore the disposition is exempt from Section 16(b) pursuant to Rule 16b-6(d). |
(2) | 3% of the shares subject to the option vested on December 31, 2014, and 3% of the shares subject to the option vested at the end of each quarter thereafter through December 31, 2015. 5% of the shares subject to the option would have vested on March 31, 2016, and 5% of the shares subject to the option would have vested at the end of each quarter therafter through March 31, 2017. 6% of the shares subject to the option would have vested on June 30, 2017, and 6% of the shares subject to the option would have vested at the end of each quarter thereafter through September 30, 2019. All vesting was subject to the Reporting Person's continuous service to the Issuer on each such date. |