John P. Michael - Aug 1, 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
Aug 1, 2021
Transactions value $
-$7,735
Form type
4
Date filed
8/3/2021, 04:07 PM
Previous filing
Jul 20, 2021
Next filing
Jan 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MLKN Common Stock Options Exercise $0 +593 +42.2% $0.00 2K Aug 1, 2021 Direct F1
transaction MLKN Common Stock Tax liability -$7.74K -179 -8.97% $43.15 1.82K Aug 1, 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 -6.11% $0.00 9.12K Aug 1, 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.