SEC Form 4 · accession 0001209191-17-022410
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
Mar 20, 2017
Accepted (ET)
Mar 22, 2017 · 6:11 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 20, 2017 | A | 84,000 | A | Feb 15, 2018 | Feb 15, 2020 | Common Stock | 84,000 | 84,000 | D |
| Performance Restricted Stock UnitsF3,F4 | $0.00 | Mar 20, 2017 | A | 36,000 | A | Mar 20, 2017 | Mar 15, 2020 | Common Stock | 36,000 | 36,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
- F2One-third of the RSUs vest on February 15, 2018 and the remaining RSUs vest in eight equal quarterly installments thereafter.
- F3Each performance restricted stock unit, or PRSU, represents a contingent right to receive one share of HLIT common stock.
- F4If the closing price of HLIT's common stock, as quoted on the NASDAQ Stock Market, equals or exceeds certain stock price thresholds for at least 20 consecutive trading days (the "Minimum Trading Period"), then 25% of the PRSUs will vest on the final day of the Minimum Trading Period. If the stock price threshold for which the Minimum Trading Period has been satisfied exceeds one or more other stock price thresholds for which the PRSU award has not already vested, then the vesting associated with all such stock price thresholds shall occur as of the close of market on the final day of the Minimum Trading Period.