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HARMONIC INC. — Director's Dealing 2016
Aug 23, 2016
32122_dirs_2016-08-23_9d7a0e4b-96fb-4756-aae1-f8086459368f.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: 2016-08-19
Reporting Person: Ben-Natan Nimrod (SVP and GM, Edge Business)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-08-19 | Restricted Stock Units | $0.00 | A | 32190 | Acquired | 2017-03-01 | Common Stock (32190) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
F2: Up to approximately 24% of the RSUs may vest based on performance against the fiscal Q3 2016 financial targets for the Company and the Cable Edge business, as determined by the Compensation Committee of the Company on or before November 15, 2016, and up to approximately 76% of the RSUs may vest based on performance against the fiscal Q4 2016 and full year 2016 financial targets and strategic objectives for the Company and the Cable Edge business, as determined by the Compensation Committee on or before March 1, 2017.