John P. Michael - 01 Aug 2021 Form 4 Insider Report for HERMAN MILLER INC (MLKN)

Role
President, N America Contract
Signature
By: Jacqueline H. Rice For: John P. Michael
Issuer symbol
MLKN
Transactions as of
01 Aug 2021
Net transactions value
-$7,735
Form type
4
Filing time
03 Aug 2021, 16:07:25 UTC
Previous filing
20 Jul 2021
Next filing
19 Jan 2022
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 +593 +42% $0.000000 1,998 01 Aug 2021 Direct F1
transaction MLKN Common Stock Tax liability $7,735 -179 -9% $43.15 1,819 01 Aug 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 -593 -6.1% $0.000000 9,118 01 Aug 2021 Common Stock 593 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 are subject to a three-year vest schedule, vesting 25% on 8/1/2021, 25% on 8/1/2022, and 50% on 8/1/2023.