Debbie F. Propst - Aug 1, 2021 Form 4 Insider Report for HERMAN MILLER INC (MLKN)

Role: President - HM Consumer
Signature: By: Jacqueline H. Rice For: Debbie F. Propst
Stock symbol: MLKN
Transactions as of: Aug 1, 2021
Transactions value $: -$40,822
Form type: 4
Date filed: 8/3/2021, 04:07 PM
Previous filing: Jul 15, 2021
Next filing: Jul 14, 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	+2.01K	+7175.46%	$0.00	2.04K	Aug 1, 2021	Direct	F1
transaction	MLKN	Common Stock	Tax liability	-$40.8K	-946	-46.37%	$43.15	1.09K	Aug 1, 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	-2.01K	-11.83%	$0.00	15K	Aug 1, 2021	Common Stock	2.01K		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.