PATRICK HARSHMAN - 15 Feb 2022 Form 4 Insider Report for HARMONIC INC (HLIT)

Role: President and CEO, Director
Signature: /s/ Laura Donovan By Attorney-in-Fact: Laura Donovan
Issuer symbol: HLIT
Transactions as of: 15 Feb 2022
Net transactions value: -$1,980,064
Form type: 4
Filing time: 17 Feb 2022, 20:48:27 UTC
Previous filing: 17 Nov 2021
Next filing: 22 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HLIT	Common Stock	Options Exercise	$0	+16,667	+1.6%	$0.000000	1,054,069	15 Feb 2022	Direct	F1
transaction	HLIT	Common Stock	Tax liability	$86,190	-9,140	-0.87%	$9.43	1,044,929	15 Feb 2022	Direct	F2
transaction	HLIT	Common Stock	Options Exercise	$0	+15,236	+1.5%	$0.000000	1,060,165	15 Feb 2022	Direct	F3
transaction	HLIT	Common Stock	Tax liability	$75,638	-8,021	-0.76%	$9.43	1,052,144	15 Feb 2022	Direct	F2
transaction	HLIT	Common Stock	Options Exercise	$0	+66,220	+6.3%	$0.000000	1,118,364	15 Feb 2022	Direct	F4
transaction	HLIT	Common Stock	Tax liability	$328,768	-34,864	-3.1%	$9.43	1,083,500	15 Feb 2022	Direct	F2
transaction	HLIT	Common Stock	Options Exercise	$0	+300,000	+28%	$0.000000	1,383,500	15 Feb 2022	Direct	F5
transaction	HLIT	Common Stock	Tax liability	$1,489,468	-157,950	-11%	$9.43	1,225,550	15 Feb 2022	Direct	F2

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	HLIT	Restricted Stock Units	Options Exercise	$0	-16,667	-100%	$0.000000^*	0	15 Feb 2022	Common Stock	16,667	$0.000000	Direct
transaction	HLIT	Restricted Stock Units	Options Exercise	$0	-15,236	-20%	$0.000000	60,943	15 Feb 2022	Common Stock	15,236	$0.000000	Direct
transaction	HLIT	Restricted Stock Units	Options Exercise	$0	-66,220	-33%	$0.000000	132,439	15 Feb 2022	Common Stock	66,220	$0.000000	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares of common stock were acquired upon the vesting of restricted stock units on 2/15/2022. These restricted stock units were initially granted to the Reporting Person on 4/15/2019, and were identified on a Form 4 filed by the Reporting Person on 4/17/2019.
F2	Shares of Harmonic Inc. common stock withheld by Harmonic Inc. to satisfy tax withholding obligation upon vesting of restricted stock units.
F3	These shares of common stock were acquired upon the vesting of restricted stock units on 2/15/2022. These restricted stock units were initially granted to the Reporting Person on 2/24/2020, and were identified on a Form 4 filed by the Reporting Person on 2/26/2020.
F4	These shares of common stock were acquired upon the vesting of restricted stock units on 2/15/2022. These restricted stock units were initially granted to the Reporting Person on 2/16/2021, and were identified on a Form 4 filed by the Reporting Person on 2/18/2021.
F5	These performance-based restricted stock units ("PRSUs") were granted on April 12, 2019, with vesting based on the total stockholder return ("TSR") to holders of Company common stock during a three-year performance period that concluded on February 14, 2022. Based on the TSR over the the performance period, 150% of the shares underlying the PRSUs, or 300,000 shares, vested in accordance with the terms set forth in DEF 14A filed by the Company with the U.S. Securities and Exchange Commission on April 30, 2020, upon the approval of the Compensation Committee of the Board of Directors of the Company on February 15, 2022.