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

Role
Executive Creative Director
Signature
By: Jacqueline H. Rice For: Bruce B. Watson
Issuer symbol
MLKN
Transactions as of
16 Jul 2021
Net transactions value
-$52,178
Form type
4
Filing time
20 Jul 2021, 16:07:27 UTC
Previous filing
15 Jul 2021
Next filing
03 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MLKN Common Stock Options Exercise $0 +2,526 +6.9% $0.000000 39,030 16 Jul 2021 Direct F1
transaction MLKN Common Stock Tax liability $32,853 -763 -2% $43.04 38,267 16 Jul 2021 Direct
transaction MLKN Common Stock Options Exercise $0 +1,568 +4.1% $0.000000 39,835 16 Jul 2021 Direct F2
transaction MLKN Common Stock Tax liability $19,325 -449 -1.1% $43.04 39,386 16 Jul 2021 Direct
holding MLKN Common Stock 1,859 16 Jul 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 -2,526 -14% $0.000000 15,411 16 Jul 2021 Common Stock 2,526 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.