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HARMONIC INC. — Director's Dealing 2018
Feb 20, 2018
32122_dirs_2018-02-20_6382ac5e-cad7-450f-8c43-c474ddc98003.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: 2018-02-15
Reporting Person: HARSHMAN PATRICK (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-02-15 | Common Stock | M | 9000 | $0.00 | Acquired | 628892 | Direct |
| 2018-02-15 | Common Stock | S | 3862 | $3.054 | Disposed | 625030 | Direct |
| 2018-02-15 | Common Stock | M | 11774 | $0.00 | Acquired | 636804 | Direct |
| 2018-02-15 | Common Stock | S | 5026 | $3.0539 | Disposed | 631778 | Direct |
| 2018-02-15 | Common Stock | M | 65334 | $0.00 | Acquired | 697112 | Direct |
| 2018-02-15 | Common Stock | S | 22448 | $3.225 | Disposed | 674664 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-02-15 | Restricted Stock Unit | $0.00 | M | 9000 | Disposed | 2018-02-15 | Common Stock (9000) | Direct |
| 2018-02-15 | Restricted Stock Unit | $0.00 | M | 11774 | Disposed | 2018-02-15 | Common Stock (11774) | Direct |
| 2018-02-15 | Restricted Stock Unit | $0.00 | M | 65334 | Disposed | 2020-02-15 | Common Stock (65334) | Direct |
Footnotes
F1: These shares of common stock were acquired upon the vesting of restricted stock units on 2/15/2018. These restricted stock units were initially granted to the Reporting Person on 3/13/2015, and were identified on a Form 4 filed by the Reporting Person on 3/17/2015.
F2: Represents the number of shares automatically sold to cover tax withholding obligations in connection with the vesting of restricted stock units. This sale is mandated by the Issuer's election under its 1995 Stock Plan to enable the satisfaction of tax withholding obligations with funding from a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F3: These shares of common stock were acquired upon the vesting of restricted stock units on 2/15/2018. These restricted stock units were initially granted to the Reporting Person on 3/14/2016, and were identified on a Form 4 filed by the Reporting Person on 3/16/2016.
F4: These shares of common stock were acquired upon the vesting of restricted stock units on 2/15/2018. These restricted stock units were initially granted to the Reporting Person on 7/11/2017, and were identified on a Form 4 filed by the Reporting Person on 7/12/2017.