Bruce B. Watson - Aug 1, 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
Aug 1, 2021
Transactions value $
-$24,477
Form type
4
Date filed
8/3/2021, 04:08 PM
Previous filing
Jul 20, 2021
Next filing
Aug 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MLKN Common Stock Options Exercise $0 +1.96K +4.96% $0.00 41.4K Aug 1, 2021 Direct F1
transaction MLKN Common Stock Tax liability -$24.5K -567 -1.37% $43.15 40.8K Aug 1, 2021 Direct
holding MLKN Common Stock 1.88K Aug 1, 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 -1.96K -12.69% $0.00 13.5K Aug 1, 2021 Common Stock 1.96K 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.