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HARMONIC INC. — Director's Dealing 2022
Feb 17, 2022
32122_dirs_2022-02-17_7f697414-0bfc-4636-a470-a906785722b4.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: 2022-02-15
Reporting Person: HARSHMAN PATRICK (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-02-15 | Common Stock | M | 16667 | $0.00 | Acquired | 1054069 | Direct |
| 2022-02-15 | Common Stock | F | 9140 | $9.43 | Disposed | 1044929 | Direct |
| 2022-02-15 | Common Stock | M | 15236 | $0.00 | Acquired | 1060165 | Direct |
| 2022-02-15 | Common Stock | F | 8021 | $9.43 | Disposed | 1052144 | Direct |
| 2022-02-15 | Common Stock | M | 66220 | $0.00 | Acquired | 1118364 | Direct |
| 2022-02-15 | Common Stock | F | 34864 | $9.43 | Disposed | 1083500 | Direct |
| 2022-02-15 | Common Stock | M | 300000 | $0.00 | Acquired | 1383500 | Direct |
| 2022-02-15 | Common Stock | F | 157950 | $9.43 | Disposed | 1225550 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-02-15 | Restricted Stock Units | $0.00 | M | 16667 | Disposed | 2022-02-15 | Common Stock (16667) | Direct |
| 2022-02-15 | Restricted Stock Units | $0.00 | M | 15236 | Disposed | 2023-02-15 | Common Stock (15236) | Direct |
| 2022-02-15 | Restricted Stock Units | $0.00 | M | 66220 | Disposed | 2024-02-15 | Common Stock (66220) | Direct |
Footnotes
F1: These shares of common stock were acquired upon the vesting of restricted stock units on 2/15/2022. These restricted stock units were initially granted to the Reporting Person on 4/15/2019, and were identified on a Form 4 filed by the Reporting Person on 4/17/2019.
F2: Shares of Harmonic Inc. common stock withheld by Harmonic Inc. to satisfy tax withholding obligation upon vesting of restricted stock units.
F3: These shares of common stock were acquired upon the vesting of restricted stock units on 2/15/2022. These restricted stock units were initially granted to the Reporting Person on 2/24/2020, and were identified on a Form 4 filed by the Reporting Person on 2/26/2020.
F4: These shares of common stock were acquired upon the vesting of restricted stock units on 2/15/2022. These restricted stock units were initially granted to the Reporting Person on 2/16/2021, and were identified on a Form 4 filed by the Reporting Person on 2/18/2021.
F5: These performance-based restricted stock units ("PRSUs") were granted on April 12, 2019, with vesting based on the total stockholder return ("TSR") to holders of Company common stock during a three-year performance period that concluded on February 14, 2022. Based on the TSR over the the performance period, 150% of the shares underlying the PRSUs, or 300,000 shares, vested in accordance with the terms set forth in DEF 14A filed by the Company with the U.S. Securities and Exchange Commission on April 30, 2020, upon the approval of the Compensation Committee of the Board of Directors of the Company on February 15, 2022.