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HARMONIC INC. — Director's Dealing 2015
Mar 17, 2015
32122_dirs_2015-03-17_0ca90e49-8f1f-468e-8d7e-73cda6b49593.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: HARMONIC INC (HLIT)
CIK: 0000851310
Period of Report: 2015-03-13
Reporting Person: HARSHMAN PATRICK (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-03-13 | Common Stock | M | 7000 | $5.86 | Acquired | 403504 | Direct |
| 2015-03-13 | Common Stock | M | 41674 | $5.86 | Acquired | 445175 | Direct |
| 2015-03-13 | Common Stock | S | 35724 | $7.5761 | Disposed | 409451 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-03-13 | Restricted Stock Units | $0.00 | A | 60000 | Acquired | 2018-02-15 | Common Stock (60000) | Direct |
| 2015-03-13 | Stock Option/Right to buy | $7.58 | A | 266667 | Acquired | 2022-03-13 | Common Stock (266667) | Direct |
| 2015-03-13 | Restricted Stock Units | $0.00 | A | 60000 | Acquired | 2016-02-15 | Common Stock (60000) | Direct |
| 2015-03-13 | Stock Option/Right to buy | $5.86 | M | 48674 | Disposed | 2015-05-03 | Common Stock (48674) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of Harmonic common stock.
F2: Forty percent of the shares subject to the restricted stock units are scheduled to vest on February 15, 2016, and fifteen percent of the restricted stock units are scheduled to vest semi-annually thereafter so as to be 100% vested on February 15, 2018.
F3: Twenty-five percent of the Shares subject to the Option are scheduled to vest twelve months after the Vesting Commencement Date, and one forty eighth of the Shares subject to the Option are scheduled to vest monthly thereafter.
F4: The RSUs will vest between 50% and 100% of the total grant based on performance against the Company's fiscal year 2015 revenue targets, as determined by the Compensation Committee of the Company on or before 2/15/2016.
F5: These shares of common stock were acquired upon the exercise of stock options on 3/13/2015 that were scheduled to expire on 5/03/2015. These options were initially granted to the Reporting Person on 5/3/2005, and were identified on a Form 4 filed by the Reporting Person on 5/4/2005.