SEC Form 4 · accession 0001209191-17-018006
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 1, 2017
Accepted (ET)
Mar 3, 2017 · 6:39 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 | Mar 1, 2017 | M | 19,689 | $0.00 | A | 133,979 | D | |
| Common StockF2 | Mar 1, 2017 | F | 7,639 | $5.90 | D | 126,340 | D | |
| Common StockF3 | Mar 2, 2017 | M | 10,369 | $3.14 | A | 136,709 | D | |
| Common Stock | Mar 2, 2017 | S | 10,369 | $5.7167 | D | 126,340 | D | |
| Common Stock | Mar 2, 2017 | S | 104,631 | $5.7226 | D | 21,709 | D | |
| Common Stock | Mar 3, 2017 | S | 10,000 | $5.7215 | D | 11,709 | D | |
| Common Stock | Mar 3, 2017 | S | 11,709 | $5.6784 | D | 0 | 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 Unit | $0.00 | Mar 1, 2017 | M | 19,689 | D | Nov 15, 2016 | Mar 1, 2017 | Common Stock | 19,689 | 0 | D |
| Stock Option/Right to buyF3 | $3.14 | Mar 2, 2017 | M | 10,369 | D | Feb 15, 2016 | Mar 14, 2023 | Common Stock | 10,369 | 20,742 | D |
Explanation of responses
- F1These shares of common stock were acquired upon the vesting of performance-based restricted stock units on 3/1/2017. These performance-based restricted stock units were initially granted to the Reporting Person on 8/19/2016, and were identified on a Form 4 filed by the Reporting Person on 8/23/2016.
- 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 exercise of stock options on 3/2/2017. These options were initially granted to the Reporting Person on 3/14/2016, and were identified on a Form 4 filed by the Reporting Person on 3/16/2016.