Jeffrey M. Stutz - Jul 16, 2021 Form 4 Insider Report for HERMAN MILLER INC (MLKN)

Role
Chief Financial Officer
Signature
By: Jacqueline H. Rice For: Jeffrey M. Stutz
Stock symbol
MLKN
Transactions as of
Jul 16, 2021
Transactions value $
-$115,518
Form type
4
Date filed
7/20/2021, 04:07 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 +3.67K +12.66% $0.00 32.7K Jul 16, 2021 Direct F1
transaction MLKN Common Stock Tax liability -$72.7K -1.69K -5.17% $43.04 31K Jul 16, 2021 Direct F2
transaction MLKN Common Stock Options Exercise $0 +2.28K +7.36% $0.00 33.3K Jul 16, 2021 Direct F3
transaction MLKN Common Stock Tax liability -$42.8K -994 -2.99% $43.04 32.3K Jul 16, 2021 Direct
holding MLKN Common Stock 2.09K Jul 16, 2021 by profit share plan

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 -3.67K -15.01% $0.00 20.8K Jul 16, 2021 Common Stock 3.67K Direct F4, F5
* 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 The directly owned common stock holdings reflected in Table I of this form include shares purchased through Herman Miller's 1995 Employees' Stock Purchase Plan, which satisfies the exemption requirements of Rule 16b-3.
F3 Shares issued July 16, 2021 pursuant to Performance Share Units granted on July 16, 2018 under the Company's 2011 LTIP with a three year performance period.
F4 Each restricted stock unit represents a contingent right to receive one share of MLHR common stock.
F5 The restricted stock units have a three year cliff vest.