Form Type: 4

SEC EDGAR Link
Accession Number:0000921895-21-000616
Date:2021-03-01
Issuer: HARVARD BIOSCIENCE INC (HBIO)
Original Submission Date:

Reporting Person:

OLSON KENNETH FLETCHER
C/O HARVARD BIOSCIENCE, INC.
84 OCTOBER HILL ROAD HOLLISTON, MA 01746

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2021-03-01 A 32,805 a $0.00 119,942 direct
COMMON STOCK 2021-03-01 A 31,453 a $0.00 151,395 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 represents an award of 32,805 restricted stock units that will vest in three equal installments on december 31, 2021, 2022 and 2023, subject to the terms set forth in an award agreement between the issuer and the reporting person.
f2 includes (a) the award described in footnote (1) above, (b) 27,567 remaining restricted stock units that will vest on december 31, 2021, 2022 and 2023, (c) 36,756 restricted stock units with performance based vesting conditions tied to relative total shareholder return that will vest on june 11, 2021, 2022 and 2023, (d) 10,057 remaining restricted stock units that will vest on november 1, 2021 and 2022, and (e) 12,757 shares of common stock beneficially owned by the reporting person (which includes 3,644 shares acquired under the issuer's employee stock purchase plan).
f3 represents an award of 31,453 restricted stock units with performance based vesting conditions. these restricted stock units will vest upon the achievement of a relative total shareholder return of the issuer's common stock during the period from march 1, 2021 to the earlier of (i) december 31, 2023, and (ii) the date of a change of control (the "measurement period"), measured relative to the russell 2000 index and based on the 20-day trading average beginning on the first day of the measurement period and ending on the last day of the measurement period, subject to the terms set forth in an award agreement between the issuer and the reporting person. the target number of these restricted stock units that may be earned is reported above; the maximum amount is 150% of the number reported.
f4 includes (a) the shares and awards described in footnote (2) above, and (b) the award described in footnote (3) above.
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