SEC Form 4 · accession 0001209191-16-138328
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
Aug 19, 2016
Accepted (ET)
Aug 23, 2016 · 4:41 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 | Aug 19, 2016 | A | 33,118 | A | Nov 15, 2016 | Mar 1, 2017 | Common Stock | 33,118 | 33,118 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
- F2Up to approximately 40% of the RSUs may vest based on performance against the Company's fiscal Q3 2016 financial targets, as determined by the Compensation Committee of the Company on or before November 15, 2016, and up to approximately 60% of the RSUs may vest based on performance against the Company's fiscal Q4 2016 and full year 2016 financial targets, as determined by the Compensation Committee on or before March 1, 2017.