SEC Form 4 · accession 0001209191-16-099454
HARMONIC INC. · HLIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick Harshman
Officer — President and CEO · Director
Period of report
Feb 15, 2016
Accepted (ET)
Feb 17, 2016 · 6:05 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 | Feb 15, 2016 | M | 13,750 | $0.00 | A | 459,977 | D | |
| Common StockF2 | Feb 15, 2016 | F | 5,992 | $3.19 | D | 453,985 | D | |
| Common StockF3 | Feb 15, 2016 | M | 13,125 | $0.00 | A | 467,110 | D | |
| Common StockF2 | Feb 15, 2016 | F | 5,135 | $3.19 | D | 461,975 | D | |
| Common StockF4 | Feb 15, 2016 | M | 24,000 | $0.00 | A | 485,975 | D | |
| Common StockF2 | Feb 15, 2016 | F | 8,862 | $3.19 | D | 477,113 | 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 Units | $0.00 | Feb 15, 2016 | M | 13,750 | D | Feb 15, 2013 | Feb 15, 2016 | Common Stock | 13,750 | 0 | D |
| Restricted Stock Units | $0.00 | Feb 15, 2016 | M | 13,125 | D | Feb 15, 2014 | Feb 15, 2016 | Common Stock | 13,125 | 0 | D |
| Restricted Stock Units | $0.00 | Feb 15, 2016 | M | 24,000 | D | Feb 15, 2016 | Feb 15, 2018 | Common Stock | 24,000 | 36,000 | D |
| Restricted Stock UnitsF5 | $0.00 | Feb 15, 2016 | J | 60,000 | D | Feb 15, 2016 | Feb 15, 2016 | Common Stock | 0 | 0 | D |
Explanation of responses
- F1These shares of common stock were acquired upon the vesting of restricted stock units on 2/15/2016. These restricted stock units were initially granted to the Reporting Person on 2/28/2012, and were identified on a Form 4 filed by the Reporting Person on 3/1/2012.
- F2Shares of Harmonic Inc. common stock withheld by Harmonic Inc. to satisfy tax withholding obligation upon vesting of restricted stock units.
- F3These shares of common stock were acquired upon the vesting of restricted stock units on 2/15/2016. These restricted stock units were initially granted to the recipient on 3/14/2014, and were identified on a Form 4 filed 3/18/2014.
- F4These shares of common stock were acquired upon the vesting of restricted stock units on 2/15/2016. These restricted stock units were initially granted to the Reporting Person on 3/13/2015, and were identified on a Form 4 filed by the Reporting Person on 3/17/2015.
- F5Zero percent of the shares of common stock subject to performance based restricted stock units were released on 2/15/2016. These restricted stock units were initially granted to the Reporting Person on 3/13/2015, and were identified on a Form 4 filed by the Reporting Person on 3/17/2015.