SEC Form 4 · accession 0001209191-18-011519
HARMONIC INC. · HLIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Neven Haltmayer
Officer — Sr. Vice President, R&D
Period of report
Feb 15, 2018
Accepted (ET)
Feb 20, 2018 · 6:20 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 | Feb 15, 2018 | M | 4,099 | $0.00 | A | 73,349 | D | |
| Common StockF2 | Feb 15, 2018 | S | 1,759 | $3.0538 | D | 71,590 | D | |
| Common StockF3 | Feb 15, 2018 | M | 3,417 | $0.00 | A | 75,007 | D | |
| Common StockF2 | Feb 15, 2018 | S | 1,467 | $3.0538 | D | 73,540 | D | |
| Common StockF4 | Feb 15, 2018 | M | 19,833 | $0.00 | A | 93,373 | D | |
| Common StockF2 | Feb 15, 2018 | S | 8,484 | $3.054 | D | 84,889 | 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 | Feb 15, 2018 | M | 4,099 | D | Feb 15, 2016 | Feb 15, 2018 | Common Stock | 4,099 | 0 | D |
| Restricted Stock Unit | $0.00 | Feb 15, 2018 | M | 3,417 | D | Feb 15, 2017 | Feb 15, 2018 | Common Stock | 3,417 | 0 | D |
| Restricted Stock Unit | $0.00 | Feb 15, 2018 | M | 19,833 | D | Feb 15, 2018 | Feb 15, 2020 | Common Stock | 19,833 | 39,667 | D |
Explanation of responses
- F1These shares of common stock were acquired upon the vesting of restricted stock units on 2/15/2018. 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 2/15/2018. 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.
- F4These shares of common stock were acquired upon the vesting of restricted stock units on 2/15/2018. These restricted stock units were initially granted to the Reporting Person on 3/20/2017, and were identified on a Form 4 filed by the Reporting Person on 3/22/2017.