Andrea Owen - Aug 22, 2021 Form 4 Insider Report for HERMAN MILLER INC (MLKN)

Role
President & CEO
Signature
By: Jacqueline H. Rice For: Andrea R. Owen
Stock symbol
MLKN
Transactions as of
Aug 22, 2021
Transactions value $
-$506,438
Form type
4
Date filed
8/24/2021, 05:20 PM
Previous filing
May 13, 2022
Next filing
May 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MLKN Common Stock Options Exercise $0 +16.4K +274.33% $0.00 22.4K Aug 22, 2021 Direct F1
transaction MLKN Common Stock Tax liability -$315K -7.54K -33.73% $41.83 14.8K Aug 22, 2021 Direct
transaction MLKN Common Stock Options Exercise $0 +10.5K +70.7% $0.00 25.3K Aug 22, 2021 Direct F2
transaction MLKN Common Stock Tax liability -$191K -4.57K -18.06% $41.83 20.7K Aug 22, 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 -16.4K -19.04% $0.00 69.7K Aug 22, 2021 Common Stock 16.4K 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 August 22, 2021 pursuant to Performance Share Units granted on August 22, 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.