SEC Form 4 · accession 0001209191-15-027276
HARMONIC INC. · HLIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nimrod Ben-Natan
Officer — SVP and GM, Edge Business
Period of report
Mar 13, 2015
Accepted (ET)
Mar 17, 2015 · 7:38 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000851310
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | $0.00 | Mar 13, 2015 | A | 27,333 | A | Feb 15, 2016 | Feb 15, 2018 | Common Stock | 27,333 | 27,333 | D |
| Stock Option/Right to buyF3 | $7.58 | Mar 13, 2015 | A | 80,000 | A | Feb 15, 2016 | Mar 13, 2022 | Common Stock | 80,000 | 80,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Harmonic common stock.
- F2Forty percent of the shares subject to the restricted stock units are scheduled to vest on February 15, 2016, and fifteen percent of the restricted stock units are scheduled to vest semi-annually thereafter so as to be 100% vested on February 15, 2018.
- F3Twenty-five percent of the Shares subject to the Option are scheduled to vest twelve months after the Vesting Commencement Date, and one forty eighth of the Shares subject to the Option are scheduled to vest monthly thereafter.