SEC Form 4 · accession 0001209191-16-109001
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
Mar 14, 2016
Accepted (ET)
Mar 16, 2016 · 9:25 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 14, 2016 | A | 10,444 | A | Feb 15, 2017 | Feb 15, 2018 | Common Stock | 10,444 | 10,444 | D |
| Stock Option/Right to BuyF3 | $3.14 | Mar 14, 2016 | A | 31,111 | A | Feb 15, 2017 | Feb 15, 2023 | Common Stock | 31,111 | 31,111 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
- F2Fifty percent of the shares subject to the restricted stock units are scheduled to vest on February 15, 2017, and twenty five percent of the restricted stock units are scheduled to vest quarterly thereafter so as to be 100% vested on February 15, 2018.
- F3One third (33.33%) of the Shares subject to the Options are scheduled to vest twelve months after the Vesting Commencement Date of February 15, 2016; the remaining balance of the options will vest over the next two year period with vesting occurring in equal monthly installments.