Gary Lee Ellis - 13 Dec 2021 Form 4 Insider Report for Hill-Rom Holdings, Inc. (HRC)

Role: Director
Signature: /s/ Ari D. Mintzer as Attorney-in-Fact for Gary L. Ellis
Issuer symbol: HRC
Transactions as of: 13 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 15 Dec 2021, 19:40:50 UTC
Previous filing: 03 Nov 2021
Next filing: 12 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	HRC	Common Stock						0	13 Dec 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Shares	Change %	Date	Underlying Class	Amount	Ownership	Footnotes
transaction	HRC	Restricted Stock Units (10/05/2017)	Disposed to Issuer	-1,024	-100%	13 Dec 2021	Common Stock	1,024	Direct	F1, F2
transaction	HRC	Restricted Stock Units (03/07/2018)	Disposed to Issuer	-2,184	-100%	13 Dec 2021	Common Stock	2,184	Direct	F1, F2
transaction	HRC	Restricted Stock Units (03/06/2019)	Disposed to Issuer	-1,762	-100%	13 Dec 2021	Common Stock	1,762	Direct	F1, F2
transaction	HRC	Restricted Stock Units (02/26/2020)	Disposed to Issuer	-1,870	-100%	13 Dec 2021	Common Stock	1,870	Direct	F1, F2
transaction	HRC	Restricted Stock Units (03/11/2021)	Disposed to Issuer	-1,798	-100%	13 Dec 2021	Common Stock	1,798	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Gary Lee Ellis is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of Hill-Rom Holdings, Inc. common stock.
F2	Pursuant to the Merger Agreement between Hill-Rom Holdings, Inc., Baxter International Inc. ("Baxter"), and a wholly-owned subsidiary of Baxter, these restricted stock units, which provided for vesting on the date of grant, with delivery of the underlying shares of common stock not occurring until the later of one year and a day from the date of grant, or the six-month anniversary of the date that the director ceases to be a member of the Board of Directors of Hill-Rom Holdings, Inc., were cancelled in exchange for a cash payment of $156.00 per share of underlying common stock.

Content

Each restricted stock unit represents a contingent right to receive one share of Hill-Rom Holdings, Inc. common stock.

Pursuant to the Merger Agreement between Hill-Rom Holdings, Inc., Baxter International Inc. ("Baxter"), and a wholly-owned subsidiary of Baxter, these restricted stock units, which provided for vesting on the date of grant, with delivery of the underlying shares of common stock not occurring until the later of one year and a day from the date of grant, or the six-month anniversary of the date that the director ceases to be a member of the Board of Directors of Hill-Rom Holdings, Inc., were cancelled in exchange for a cash payment of $156.00 per share of underlying common stock.