SEC Form 4 · accession 0001209191-17-049477
HARMONIC INC. · HLIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick Harshman
Officer — President and CEO · Director
Period of report
Aug 15, 2017
Accepted (ET)
Aug 17, 2017 · 6:34 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 | Aug 15, 2017 | M | 9,000 | $0.00 | A | 570,733 | D | |
| Common StockF2 | Aug 16, 2017 | S | 3,457 | $3.4737 | D | 567,276 | D | |
| Common StockF3 | Aug 15, 2017 | M | 11,773 | $0.00 | A | 579,049 | D | |
| Common StockF2 | Aug 16, 2017 | S | 4,522 | $3.4737 | D | 574,527 | 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 Unit | $0.00 | Aug 15, 2017 | M | 9,000 | D | Feb 15, 2016 | Feb 15, 2018 | Common Stock | 9,000 | 9,000 | D |
| Restricted Stock Unit | $0.00 | Aug 15, 2017 | M | 11,773 | D | Feb 15, 2017 | Feb 15, 2018 | Common Stock | 11,773 | 23,548 | D |
Explanation of responses
- F1These shares of common stock were acquired upon the vesting of restricted stock units on 8/15/2017. These restricted stock units were initially granted to the Reporting Person on 3/13/2015, and were identified on a Form 4 filed by the Reporting Person on 3/17/2015.
- F2Represents the number of shares automatically sold to cover tax withholding obligations in connection with the vesting of restricted stock units. This sale is mandated by the Issuer's election under its 1995 Stock Plan to enable the satisfaction of tax withholding obligations with funding from a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
- F3These shares of common stock were acquired upon the vesting of restricted stock units on 8/15/2017. These restricted stock units 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.