Patrick Harshman - Aug 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
Aug 15, 2022
Transactions value $
-$260,606
Form type
4
Date filed
8/17/2022, 05:18 PM
Previous filing
Aug 5, 2022
Next filing
Sep 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLIT Common Stock Options Exercise $0 +31.8K +5.56% $0.00 604K Aug 15, 2022 Direct
transaction HLIT Common Stock Tax liability -$192K -16.7K -2.77% $11.46 587K Aug 15, 2022 Direct F1
transaction HLIT Common Stock Sale -$68.8K -6.04K -1.03% $11.39 578K Aug 16, 2022 Direct F2, F3

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 Options Exercise $0 -15.2K -33.33% $0.00 30.5K Aug 15, 2022 Common Stock 15.2K $0.00 Direct
transaction HLIT Restricted Stock Options Exercise $0 -16.6K -14.29% $0.00 99.3K Aug 15, 2022 Common Stock 16.6K $0.00 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Harmonic Inc. common stock withheld by Harmonic Inc. to satisfy tax withholding obligation upon vesting of restricted stock units.
F2 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 15, 2022.
F3 Reflects an adjustment of 2,609 shares of common stock transferred to the reporting person's ex-spouse pursuant to a marital settlement agreement. The reporting person no longer reports as beneficially owned any securities owned by his ex-spouse.