4//SEC Filing
HARMAN INTERNATIONAL INDUSTRIES INC /DE/ 4
Accession 0001246360-17-001388
CIK 0000800459operating
Filed
Mar 14, 8:00 PM ET
Accepted
Mar 15, 9:56 AM ET
Size
17.8 KB
Accession
0001246360-17-001388
Insider Transaction Report
Form 4
Rowland Sandra E.
EVP and CFO
Transactions
- Exercise/Conversion
Common Stock
2017-03-10$45.90/sh+2,217$101,760→ 34,498 total - Award
Common Stock
2017-03-10+4,271→ 42,573 total - Award
Common Stock
2017-03-10+1,843→ 44,416 total - Exercise/Conversion
Stock Option (right to buy)
2017-03-10−2,217→ 0 totalExercise: $45.90→ Common Stock (2,217 underlying) - Disposition to Issuer
Common Stock
2017-03-10$112.00/sh−6,666$746,592→ 32,281 total - Award
Common Stock
2017-03-10+3,804→ 38,302 total - Tax Payment
Common Stock
2017-03-10$112.00/sh−5,469$612,528→ 38,947 total - Disposition to Issuer
Common Stock
2017-03-10$112.00/sh−32,281$3,615,472→ 0 total
Footnotes (5)
- [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 was previously accelerated and the underlying shares were issued to Ms. Rowland on December 19, 2016. With respect to the remaining 40% of the PRSUs, a pro rata portion calculated based on number of days lapsed between date of grant and March 10, 2017 were vested On March 10, 2017 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]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, 9:56 AM ET
- Size
- 17.8 KB