4//SEC Filing
HARSHMAN PATRICK 4
Accession 0000950170-24-017545
CIK 0000851310other
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 9:56 PM ET
Size
18.3 KB
Accession
0000950170-24-017545
Insider Transaction Report
Form 4
HARMONIC INCHLIT
HARSHMAN PATRICK
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock
2024-02-15+297,989→ 937,734 total - Tax Payment
Common Stock
2024-02-15$13.67/sh−159,199$2,176,250→ 778,535 total - Exercise/Conversion
Common Stock
2024-02-15+80,147→ 858,682 total - Tax Payment
Common Stock
2024-02-15$13.67/sh−42,757$584,488→ 780,393 total - Exercise/Conversion
Restricted Stock Units
2024-02-15−16,555→ 0 totalExercise: $0.00From: 2022-02-15Exp: 2024-02-15→ Common Stock (16,555 underlying) - Exercise/Conversion
Restricted Stock Units
2024-02-15−13,684→ 54,735 totalExercise: $0.00From: 2023-02-15Exp: 2025-02-15→ Common Stock (13,684 underlying) - Exercise/Conversion
Restricted Stock Units
2024-02-15−49,908→ 99,814 totalExercise: $0.00From: 2024-02-15Exp: 2026-02-15→ Common Stock (49,908 underlying) - Award
Restricted Stock Units
2024-02-16+221,953→ 221,953 totalExercise: $0.00From: 2025-02-15Exp: 2027-02-15→ Common Stock (221,953 underlying)
Footnotes (4)
- [F1]These performance-based restricted stock units ("PRSUs") were grated on February 16, 2021, 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 297,989 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 29, 2022, upon the approval of the Compensation Committee of the Board of Directors of the Company on February 15, 2024.
- [F2]Reflects an adjustment of 35,532 shares of common stock transferred to the reporting person's former spouse pursuant to a marital settlement agreement. The reporting person no longer reports as beneficially owned any securities owned by his former spouse.
- [F3]Each restricted stock unit represents a contingent right to receive one share of HLIT common stock.
- [F4]One third (33.33%) of the Shares subject to the Restricted Stock Units are scheduled to vest on February 15, 2025, 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.
Documents
Issuer
HARMONIC INC
CIK 0000851310
Entity typeother
Related Parties
1- filerCIK 0001216448
Filing Metadata
- Form type
- 4
- Filed
- Feb 19, 7:00 PM ET
- Accepted
- Feb 20, 9:56 PM ET
- Size
- 18.3 KB