Form 4 for HLIT HARMONIC INC.
Accepted 2022-02-17 00:00:00 ET · period of report 2022-02-15 · accession 0001209191-22-011090 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-02-17 | 2022-02-15 | HLIT | HARSHMAN PATRICK | Pres, CEO, Dir | M - OptEx | $0.00 | +398.1K | 1.38M | +40% | $0 |
| DM | 2022-02-17 | 2022-02-15 | HLIT | HARSHMAN PATRICK | Pres, CEO, Dir | F - Tax | $9.43 | -210.0K | 1.05M | -17% | -$1.98M |
| DM | 2022-02-17 | 2022-02-15 | HLIT | HARSHMAN PATRICK | Pres, CEO, Dir | M - OptEx | $0.00 | -98.1K | 60.9K | -62% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-02-15 | M | A | 16,667 | $0.00 | 1,054,069 | D | — | — | (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. |
| 2 | Common | Common Stock | 2022-02-15 | F | D | 9,140 | $9.43 | 1,044,929 | D | — | — | (F2) Shares of Harmonic Inc. common stock withheld by Harmonic Inc. to satisfy tax withholding obligation upon vesting of restricted stock units. |
| 3 | Common | Common Stock | 2022-02-15 | M | A | 15,236 | $0.00 | 1,060,165 | D | — | — | (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. |
| 4 | Common | Common Stock | 2022-02-15 | F | D | 157,950 | $9.43 | 1,225,550 | D | — | — | (F2) Shares of Harmonic Inc. common stock withheld by Harmonic Inc. to satisfy tax withholding obligation upon vesting of restricted stock units. |
| 5 | Common | Common Stock | 2022-02-15 | M | A | 66,220 | $0.00 | 1,118,364 | D | — | — | (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. |
| 6 | Common | Common Stock | 2022-02-15 | F | D | 34,864 | $9.43 | 1,083,500 | D | — | — | (F2) Shares of Harmonic Inc. common stock withheld by Harmonic Inc. to satisfy tax withholding obligation upon vesting of restricted stock units. |
| 7 | Common | Common Stock | 2022-02-15 | M | A | 300,000 | $0.00 | 1,383,500 | D | — | — | (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. |
| 8 | Common | Common Stock | 2022-02-15 | F | D | 8,021 | $9.43 | 1,052,144 | D | — | — | (F2) Shares of Harmonic Inc. common stock withheld by Harmonic Inc. to satisfy tax withholding obligation upon vesting of restricted stock units. |
| 9 | Derivative | Restricted Stock Units | 2022-02-15 | M | D | 66,220 | $0.00 | 132,439 | D | $0.00 · 2022-02-15 to 2024-02-15 | 66,220 Common Stock | |
| 10 | Derivative | Restricted Stock Units | 2022-02-15 | M | D | 16,667 | $0.00 | 0 | D | $0.00 · 2020-02-15 to 2022-02-15 | 16,667 Common Stock | |
| 11 | Derivative | Restricted Stock Units | 2022-02-15 | M | D | 15,236 | $0.00 | 60,943 | D | $0.00 · 2021-02-15 to 2023-02-15 | 15,236 Common Stock |