Spriester Bart 4
4 · HARMONIC INC · Filed Nov 17, 2017
Insider Transaction Report
Form 4
HARMONIC INCHLIT
Spriester Bart
SVP, Video Products
Transactions
- Exercise/Conversion
Common Stock
2017-11-15+16,502→ 69,431 total - Exercise/Conversion
Restricted Stock Unit
2017-11-15−4,528→ 4,528 totalExercise: $0.00From: 2017-02-15Exp: 2018-02-15→ Common Stock (4,528 underlying) - Exercise/Conversion
Common Stock
2017-11-15+4,528→ 54,653 total - Sale
Common Stock
2017-11-16$3.81/sh−6,280$23,921→ 63,151 total - Sale
Common Stock
2017-11-16$3.81/sh−1,724$6,567→ 52,929 total
Footnotes (3)
- [F1]These shares of common stock were acquired upon the vesting of restricted stock units on 11/15/2017. 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.
- [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 performance-based restricted stock units on 11/15/2017.