Patrick Harshman - Feb 15, 2022 Form 4 Insider Report for HARMONIC INC (HLIT)

Role
President and CEO, Director
Signature
/s/ Laura Donovan By Attorney-in-Fact: Laura Donovan
Stock symbol
HLIT
Transactions as of
Feb 15, 2022
Transactions value $
-$1,980,064
Form type
4
Date filed
2/17/2022, 08:48 PM
Previous filing
Nov 17, 2021
Next filing
Feb 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLIT Common Stock Options Exercise $0 +16.7K +1.61% $0.00 1.05M Feb 15, 2022 Direct F1
transaction HLIT Common Stock Tax liability -$86.2K -9.14K -0.87% $9.43 1.04M Feb 15, 2022 Direct F2
transaction HLIT Common Stock Options Exercise $0 +15.2K +1.46% $0.00 1.06M Feb 15, 2022 Direct F3
transaction HLIT Common Stock Tax liability -$75.6K -8.02K -0.76% $9.43 1.05M Feb 15, 2022 Direct F2
transaction HLIT Common Stock Options Exercise $0 +66.2K +6.29% $0.00 1.12M Feb 15, 2022 Direct F4
transaction HLIT Common Stock Tax liability -$329K -34.9K -3.12% $9.43 1.08M Feb 15, 2022 Direct F2
transaction HLIT Common Stock Options Exercise $0 +300K +27.69% $0.00 1.38M Feb 15, 2022 Direct F5
transaction HLIT Common Stock Tax liability -$1.49M -158K -11.42% $9.43 1.23M Feb 15, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HLIT Restricted Stock Units Options Exercise $0 -16.7K -100% $0.00* 0 Feb 15, 2022 Common Stock 16.7K $0.00 Direct
transaction HLIT Restricted Stock Units Options Exercise $0 -15.2K -20% $0.00 60.9K Feb 15, 2022 Common Stock 15.2K $0.00 Direct
transaction HLIT Restricted Stock Units Options Exercise $0 -66.2K -33.33% $0.00 132K Feb 15, 2022 Common Stock 66.2K $0.00 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of common stock were acquired upon the vesting of restricted stock units on 2/15/2022. These restricted stock units were initially granted to the Reporting Person on 4/15/2019, and were identified on a Form 4 filed by the Reporting Person on 4/17/2019.
F2 Shares of Harmonic Inc. common stock withheld by Harmonic Inc. to satisfy tax withholding obligation upon vesting of restricted stock units.
F3 These shares of common stock were acquired upon the vesting of restricted stock units on 2/15/2022. These restricted stock units were initially granted to the Reporting Person on 2/24/2020, and were identified on a Form 4 filed by the Reporting Person on 2/26/2020.
F4 These shares of common stock were acquired upon the vesting of restricted stock units on 2/15/2022. These restricted stock units were initially granted to the Reporting Person on 2/16/2021, and were identified on a Form 4 filed by the Reporting Person on 2/18/2021.
F5 These performance-based restricted stock units ("PRSUs") were granted on April 12, 2019, 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, 2022. Based on the TSR over the the performance period, 150% of the shares underlying the PRSUs, or 300,000 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 30, 2020, upon the approval of the Compensation Committee of the Board of Directors of the Company on February 15, 2022.