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HARMONIC INC. — Director's Dealing 2017
Mar 22, 2017
32122_dirs_2017-03-22_2d0ce2ad-fde8-4007-9114-186bf3a4f364.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: 2017-03-20
Reporting Person: HARSHMAN PATRICK (Director, President and CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-03-20 | Performance Restricted Stock Units | $0.00 | A | 84000 | Acquired | 2020-03-15 | Common Stock (84000) | Direct |
Footnotes
F1: Each performance restricted stock unit, or PRSU, represents a contingent right to receive one share of HLIT common stock.
F2: If the closing price of HLIT's common stock, as quoted on the NASDAQ Stock Market, equals or exceeds certain stock price thresholds for at least 20 consecutive trading days (the "Minimum Trading Period"), then 25% of the PRSUs will vest on the final day of the Minimum Trading Period. If the stock price threshold for which the Minimum Trading Period has been satisfied exceeds one or more other stock price thresholds for which the PRSU award has not already vested, then the vesting associated with all such stock price thresholds shall occur as of the close of market on the final day of the Minimum Trading Period.