SEC Form 4 · accession 0001209191-17-061516
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
Nov 15, 2017
Accepted (ET)
Nov 17, 2017 · 4:39 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 | Nov 15, 2017 | M | 11,774 | $0.00 | A | 586,301 | D | |
| Common StockF2 | Nov 16, 2017 | S | 4,481 | $3.8091 | D | 581,820 | D | |
| Common StockF3 | Nov 15, 2017 | M | 63,466 | $0.00 | A | 645,286 | D | |
| Common StockF2 | Nov 16, 2017 | S | 25,394 | $3.8091 | D | 619,892 | 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 | Nov 15, 2017 | M | 11,774 | D | Feb 15, 2017 | Feb 15, 2018 | Common Stock | 11,774 | 11,774 | D |
Explanation of responses
- F1These shares of common stock were acquired upon the vesting of restricted stock units on 11/15/2017. 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.
- 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 performance-based restricted stock units on 11/15/2017.