4//SEC Filing
HARMAN INTERNATIONAL INDUSTRIES INC /DE/ 4
Accession 0001246360-17-001382
CIK 0000800459operating
Filed
Mar 14, 8:00 PM ET
Accepted
Mar 15, 6:00 AM ET
Size
34.1 KB
Accession
0001246360-17-001382
Insider Transaction Report
Form 4
Peter Jennifer
Chief Accounting Officer
Transactions
- Exercise/Conversion
Common Stock
2017-03-10$47.47/sh+1,080$51,268→ 2,007 total - Exercise/Conversion
Common Stock
2017-03-10+342→ 2,349 total - Exercise/Conversion
Common Stock
2017-03-10+290→ 2,639 total - Exercise/Conversion
Common Stock
2017-03-10$66.10/sh+1,751$115,741→ 4,390 total - Exercise/Conversion
Common Stock
2017-03-10+590→ 4,980 total - Award
Common Stock
2017-03-10+541→ 5,521 total - Award
Common Stock
2017-03-10+785→ 6,306 total - Award
Common Stock
2017-03-10+820→ 7,126 total - Tax Payment
Common Stock
2017-03-10$112.00/sh−1,626$182,112→ 5,500 total - Disposition to Issuer
Common Stock
2017-03-10$112.00/sh−4,572$512,064→ 928 total - Disposition to Issuer
Common Stock
2017-03-10$112.00/sh−928$103,936→ 0 total - Exercise/Conversion
Stock Option (right to buy)
2017-03-10−1,080→ 0 totalExercise: $47.47→ Common Stock (1,080 underlying) - Exercise/Conversion
Restricted Share Unit
2017-03-10−290→ 0 total→ Common Stock (290 underlying) - Exercise/Conversion
Stock Option (right to buy)
2017-03-10−1,751→ 0 totalExercise: $66.10→ Common Stock (1,751 underlying) - Exercise/Conversion
Restricted Share Unit
2017-03-10−590→ 0 total→ Common Stock (590 underlying) - Exercise/Conversion
Restricted Share Unit
2017-03-10−342→ 0 total→ Common Stock (342 underlying) - Exercise/Conversion
Stock Option (right to buy)
2017-03-10−1,500→ 0 totalExercise: $120.83→ Common Stock (1,500 underlying)
Footnotes (6)
- [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, shares of restricted stock units ("RSUs") and stock options 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]Upon the Closing, all vested Stock Options held by the Reporting Person were cancelled and converted into the right to receive an amount per share of common stock equal to $112 less the exercise price for such option.
- [F5]Any option or stock appreciation right that has an exercise price that equals or exceeds the merger consideration will be cancelled without consideration.
- [F6]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 14, 8:00 PM ET
- Accepted
- Mar 15, 6:00 AM ET
- Size
- 34.1 KB