SEC Form 4 · accession 0001246360-17-001387

· HAR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Mar 10, 2017

Accepted (ET)

Mar 15, 2017 · 6:01 am EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000800459

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock^F1	Mar 10, 2017	M	1,231	$0.00	A	21,465	D
Common Stock^F1	Mar 10, 2017	M	8,000	$74.00	A	29,465	D
Common Stock^F1	Mar 10, 2017	D	9,231	$112.00	D	20,234	D
Common Stock^F1	Mar 10, 2017	D	20,234	$112.00	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Share Unit^F2	—	Mar 10, 2017	M	1,231	D	—	—	Common Stock	1,231	0	D
Stock Option (right to buy)^F3	$74.00	Mar 10, 2017	M	8,000	D	—	—	Common Stock	8,000	0	D

F1On November 14, 2016, Harman International Industries, Inc. (the "Issuer") entered into an Agreement and Plan of Merger (the "Merger Agreement"), by and among Samsung Electronics Co., Ltd., Samsung Electronics America, Inc. ("Samsung USA"), Silk Delaware, Inc., a wholly owned subsidiary of Samsung USA ("Merger Sub"). Upon completion of the merger of the Issuer and Merger Sub (the "Closing"), the Reporting Person's shares of the Issuer's common stocks, shares of restricted stock units ("RSUs") and stock options were converted into the right to receive $112 in cash, without interest, (the "Merger Consideration").
F2Upon the Closing, all unvested RSUs held by the Reporting Person were cancelled and converted into the right to receive an amount of cash equal to the number of shares at the Merger Consideration of $112 per share.
F3Upon the Closing, all vested Stock Options held by the Reporting Person were cancelled and converted into the right to receive an amount per share of common stock equal to $112 less the exercise price for such option.