SEC Form 4 · accession 0001209191-16-147192
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
Oct 27, 2016
Accepted (ET)
Oct 27, 2016 · 6:32 pm EDT
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 | Oct 27, 2016 | M | 36,666 | $0.00 | A | 122,306 | D | |
| Common StockF2 | Oct 27, 2016 | F | 13,779 | $4.85 | D | 108,527 | 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 UnitF1 | $0.00 | Oct 27, 2016 | M | 36,666 | D | Oct 27, 2016 | Oct 27, 2018 | Common Stock | 36,666 | 73,334 | D |
Explanation of responses
- F1These shares of common stock were acquired upon the vesting of restricted stock units on 10/27/2016. These restricted stock units were initially granted to the Reporting Person on 11/3/2015, and were identified on a Form 4 filed by the Reporting Person on 11/5/2015.
- F2Shares of Harmonic Inc. common stock withheld by Harmonic Inc. to satisfy tax withholding obligation upon vesting of restricted stock units.