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HARMONIC INC. — Director's Dealing 2016
Mar 16, 2016
32122_dirs_2016-03-16_e97b4af1-a973-4ce8-b1d0-074bee083c54.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: 2016-03-14
Reporting Person: HARSHMAN PATRICK (Director, President and CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-03-14 | Restricted Stock Units | $0.00 | A | 94188 | Acquired | 2018-02-15 | Common Stock (94188) | Direct |
| 2016-03-14 | Stock Option/Right to Buy | $3.14 | A | 266667 | Acquired | 2023-02-15 | Common Stock (266667) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
F2: Fifty percent of the shares subject to the restricted stock units are scheduled to vest on February 15, 2017, and twenty five percent of the restricted stock units are scheduled to vest quarterly thereafter so as to be 100% vested on February 15, 2018.
F3: One third (33.33%) of the Shares subject to the Options are scheduled to vest twelve months after the Vesting Commencement Date of February 15, 2016; the remaining balance of the options will vest over the next two year period with vesting occurring in equal monthly installments.