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

Role
President & CEO
Signature
By: Jacqueline H. Rice For: Andrea R. Owen
Issuer symbol
MLKN
Transactions as of
22 Aug 2021
Net transactions value
-$506,438
Form type
4
Filing time
24 Aug 2021, 17:20:42 UTC
Previous filing
13 May 2022
Next filing
27 May 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 +16,383 +274% $0.000000 22,355 22 Aug 2021 Direct F1
transaction MLKN Common Stock Tax liability $315,401 -7,540 -34% $41.83 14,815 22 Aug 2021 Direct
transaction MLKN Common Stock Options Exercise $0 +10,474 +71% $0.000000 25,289 22 Aug 2021 Direct F2
transaction MLKN Common Stock Tax liability $191,038 -4,567 -18% $41.83 20,722 22 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 -16,383 -19% $0.000000 69,683 22 Aug 2021 Common Stock 16,383 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.