SEC Form 4 · accession 0001209191-15-078015
HARMONIC INC. · HLIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Harold L Covert
Officer — Chief Financial Officer
Period of report
Nov 2, 2015
Accepted (ET)
Nov 3, 2015 · 3:38 pm EST
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 | Nov 2, 2015 | A | 110,000 | A | Oct 27, 2016 | Oct 27, 2018 | Common Stock | 110,000 | 110,000 | D |
| Stock OptionF3,F4 | $5.80 | Nov 2, 2015 | A | 220,000 | A | Oct 27, 2016 | Nov 2, 2022 | Common Stock | 220,000 | 220,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
- F2One third (33.33%) of the Shares subject to the Restricted Stock Units are scheduled to vest twelve months after the Vesting Commencement Date of October 27, 2015; approximately 16.66% of the remaining Restricted Stock Units will vest each six months thereafter.
- F3Stock Option/Right to Buy
- F4One third (33.33%) of the Shares subject to the Options are scheduled to vest twelve months after the Vesting Commencement Date of October 27, 2015; the remaining balance of the options will vest over the next two year period with vesting occurring in equal monthly installments.