John P. Michael - Jul 16, 2021 Form 4 Insider Report for HERMAN MILLER INC (MLKN)

Role
President, N America Contract
Signature
By: Jacqueline H. Rice For: John P. Michael
Stock symbol
MLKN
Transactions as of
Jul 16, 2021
Transactions value $
-$11,867
Form type
4
Date filed
7/20/2021, 04:06 PM
Previous filing
Jul 15, 2021
Next filing
Aug 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MLKN Common Stock Options Exercise $0 +877 +110.21% $0.00 1.67K Jul 16, 2021 Direct F1
transaction MLKN Common Stock Tax liability -$11.9K -276 -16.48% $43.04 1.4K Jul 16, 2021 Direct

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 MLKN Restricted Stock Units Options Exercise $0 -877 -8.28% $0.00 9.71K Jul 16, 2021 Common Stock 877 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Number of Derivative Securities Beneficially Owned Following Reported Transaction reflected in Table I of this form includes dividend equivalent units reinvested in the corresponding vesting RSUs, which satisfies the exemption of Rule 16b-2.
F2 Each restricted stock unit represents a contingent right to receive one share of MLHR common stock.
F3 The restricted stock units have a three year cliff vest.