SEC Form 4 · accession 0001209191-15-078683
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 3, 2015
Accepted (ET)
Nov 5, 2015 · 4:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000851310
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 3, 2015 | M | 10,923 | $0.00 | A | 85,640 | D |
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 | $0.00 | Nov 3, 2015 | M | 10,923 | D | Nov 3, 2015 | Nov 3, 2015 | Common Stock | 10,923 | 0 | D |
Explanation of responses
- F1These shares of common stock were acquired upon the vesting of restricted stock units ("RSUs") on 11/3/2015. The Board of Directors of the Issuer approved vesting a prorated amount of RSUs in connection with Harold Covert's resignation from the Board in order to assume the office of CFO of the Issuer. These restricted stock units were initially granted to the recipient on 3/13/2015, and were identified on a Form 4 filed 3/17/2015.