Bruce B. Watson - 01 Aug 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
01 Aug 2021
Net transactions value
-$24,477
Form type
4
Filing time
03 Aug 2021, 16:08:53 UTC
Previous filing
20 Jul 2021
Next filing
10 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 +1,956 +5% $0.000000 41,369 01 Aug 2021 Direct F1
transaction MLKN Common Stock Tax liability $24,477 -567 -1.4% $43.15 40,802 01 Aug 2021 Direct
holding MLKN Common Stock 1,885 01 Aug 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 -1,956 -13% $0.000000 13,455 01 Aug 2021 Common Stock 1,956 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.