Bruce B. Watson - Jul 16, 2021 Form 4 Insider Report for HERMAN MILLER INC (MLKN)

Role
Executive Creative Director
Signature
By: Jacqueline H. Rice For: Bruce B. Watson
Stock symbol
MLKN
Transactions as of
Jul 16, 2021
Transactions value $
-$52,178
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 +2.53K +6.92% $0.00 39K Jul 16, 2021 Direct F1
transaction MLKN Common Stock Tax liability -$32.9K -763 -1.96% $43.04 38.3K Jul 16, 2021 Direct
transaction MLKN Common Stock Options Exercise $0 +1.57K +4.1% $0.00 39.8K Jul 16, 2021 Direct F2
transaction MLKN Common Stock Tax liability -$19.3K -449 -1.13% $43.04 39.4K Jul 16, 2021 Direct
holding MLKN Common Stock 1.86K 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 -2.53K -14.08% $0.00 15.4K Jul 16, 2021 Common Stock 2.53K Direct F3, F4
* 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 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.
F3 Each restricted stock unit represents a contingent right to receive one share of MLHR common stock.
F4 The restricted stock units have a three year cliff vest.