AI assistant
HARMONIC INC. — Director's Dealing 2015
Nov 3, 2015
32122_dirs_2015-11-03_3caa02de-63ba-4be7-8a18-a1784ee7904c.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: HARMONIC INC (HLIT)
CIK: 0000851310
Period of Report: 2015-11-02
Reporting Person: COVERT HAROLD L (Chief Financial Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-11-02 | Restricted Stock Units | $0.00 | A | 110000 | Acquired | 2018-10-27 | Common Stock (110000) | Direct |
| 2015-11-02 | Stock Option | $5.80 | A | 220000 | Acquired | 2022-11-02 | Common Stock (220000) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
F2: One third (33.33%) of the Shares subject to the Restricted Stock Units are scheduled to vest twelve months after the Vesting Commencement Date of October 27, 2015; approximately 16.66% of the remaining Restricted Stock Units will vest each six months thereafter.
F3: Stock Option/Right to Buy
F4: One third (33.33%) of the Shares subject to the Options are scheduled to vest twelve months after the Vesting Commencement Date of October 27, 2015; the remaining balance of the options will vest over the next two year period with vesting occurring in equal monthly installments.