SEC Form 4 · accession 0001209191-16-138329
HARMONIC INC. · HLIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nimrod Ben-Natan
Officer — SVP and GM, Edge Business
Period of report
Aug 19, 2016
Accepted (ET)
Aug 23, 2016 · 4:42 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 | 32,190 | A | Nov 15, 2016 | Mar 1, 2017 | Common Stock | 32,190 | 32,190 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
- F2Up to approximately 24% of the RSUs may vest based on performance against the fiscal Q3 2016 financial targets for the Company and the Cable Edge business, as determined by the Compensation Committee of the Company on or before November 15, 2016, and up to approximately 76% of the RSUs may vest based on performance against the fiscal Q4 2016 and full year 2016 financial targets and strategic objectives for the Company and the Cable Edge business, as determined by the Compensation Committee on or before March 1, 2017.