Form 4 for HLIT HARMONIC INC.
Accepted 2023-02-21 00:00:00 ET · period of report 2023-02-17 · accession 0001209191-23-011234 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-02-21 | 2023-02-17 | HLIT | HARSHMAN PATRICK | Pres, CEO, Dir | M - OptEx | $0.00 | +274.2K | 798.6K | +52% | $0 |
| D | 2023-02-21 | 2023-02-17 | HLIT | HARSHMAN PATRICK | Pres, CEO, Dir | F - Tax | $13.57 | -144.4K | 654.3K | -18% | -$1.96M |
| D | 2023-02-21 | 2023-02-17 | HLIT | HARSHMAN PATRICK | Pres, CEO, Dir | A - Grant | $0.00 | +149.7K | 149.7K | New | $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 | 2023-02-17 | M | A | 274,245 | $0.00 | 798,644 | D | — | — | (F1) These performance-based restricted stock units ("PRSUs") were granted on February 24, 2020, 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, 2023. Based on the TSR over the the performance period, 150% of the shares underlying the PRSUs, or 274,245 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 28, 2021, upon the approval of the Compensation Committee of the Board of Directors of the Company on February 17, 2023. |
| 2 | Common | Common Stock | 2023-02-17 | F | D | 144,389 | $13.57 | 654,255 | D | — | — | |
| 3 | Derivative | Restricted Stock Units | 2023-02-17 | A | A | 149,722 | $0.00 | 149,722 | D | $0.00 · 2024-02-15 to 2026-02-15 | 149,722 Common Stock | (F2) Each restricted stock unit represents a contingent right to receive one share of HLIT common stock. (F3) One third (33.33%) of the Shares subject to the Restricted Stock Units are scheduled to vest on February 15, 2024, and approximately 8.33% of the remaining Restricted Stock Units will vest each three months thereafter, so as to be 100% vested on the third anniversary of the RSU Vesting Commencement Date. |