4//SEC Filing
HARMAN INTERNATIONAL INDUSTRIES INC /DE/ 4
Accession 0001246360-17-001374
CIK 0000800459operating
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 9:35 PM ET
Size
12.7 KB
Accession
0001246360-17-001374
Insider Transaction Report
Form 4
Tirri Henry
EVP, CTO
Transactions
- Exercise/Conversion
Common Stock
2017-03-10+3,778→ 3,778 total - Exercise/Conversion
Restricted Share Unit
2017-03-10−3,778→ 0 total→ Common Stock (3,778 underlying) - Award
Common Stock
2017-03-10+7,539→ 11,317 total - Tax Payment
Common Stock
2017-03-10$112.00/sh−5,596$626,752→ 5,721 total - Disposition to Issuer
Common Stock
2017-03-10$112.00/sh−5,721$640,752→ 0 total
Footnotes (4)
- [F1]On November 14, 2016, Harman International Industries, Inc. (the "Issuer") entered into an Agreement and Plan of Merger (the "Merger Agreement"), by and among Samsung Electronics Co., Ltd., Samsung Electronics America, Inc. ("Samsung USA"), Silk Delaware, Inc., a wholly owned subsidiary of Samsung USA ("Merger Sub"). Upon completion of the merger of the Issuer and Merger Sub (the "Closing"), the Reporting Person's shares of the Issuer's common stocks and restricted stock units ("RSUs") were converted into the right to receive $112 in cash, without interest, (the "Merger Consideration").
- [F2]With respect to outstanding performance restricted stock units ("PRSUs"), 60% of the target award amount and a pro rata portion of the remaining 40%, calculated based on number of days lapsed between date of grant and March 10, 2017, were vested and converted to cash, and the remaining PRSUs were forfeited.
- [F3]Upon the Closing, all unvested RSUs held by the Reporting Person were cancelled and converted into the right to receive an amount of cash equal to the number of shares at the Merger Consideration of $112 per share.
- [F4]Represents the aggregate number of shares of common stock of the issuer withheld to cover taxes due upon vesting of the restricted share units reported in Column 4.
Documents
Issuer
HARMAN INTERNATIONAL INDUSTRIES INC /DE/
CIK 0000800459
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000800459
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 9:35 PM ET
- Size
- 12.7 KB