SEC Form 5
FORM 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Form 3 Holdings Reported.
X
Form 4 Transactions Reported.
1. Name and Address of Reporting Person*
Paliwal Dinesh C

(Last) (First) (Middle)
C/O HARMAN INTERNATIONAL
1101 PENNSYLVANIA AVE., NW #1010

(Street)
WASHINGTON 20004

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
HARMAN INTERNATIONAL INDUSTRIES INC /DE/ [ HAR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman, CEO & President
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
06/30/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Amount (A) or (D) Price
Common Stock 03/01/2008 M4(1) 2,770 A $0(1) 67,349 D
Common Stock 03/01/2008 D4 2,770 D $41.2(1) 64,579 D
Common Stock 03/01/2008 M4(2) 32,291 A $0(2) 96,870 D
Common Stock 03/01/2008 D4 32,291 D $0(2) 64,579 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Share Units (3) 01/02/2008 4A 34,608 (4) (4) Common Stock 34,608 $0 34,608 D
Restricted Share Units (3) 03/01/2008 4M 2,770 (1) (1) Common Stock 2,770 $0(1) 31,838 D
Restricted Share Units (3) 03/01/2008 4M 32,291 (2) (2) Common Stock 32,291 $0(2) 0 D
Explanation of Responses:
1. As provided for under Mr. Paliwal's award agreement, the 2,770 restricted share units vested on March 1, 2008 and were settled for cash.
2. The restricted share units vested on March 1, 2008, at which time Mr. Paliwal received a cash payment of $3,875,000. Mr. Paliwal's award agreement entitled him to a cash payment upon vesting equal to the greater of the fair market value of the restricted share units or $3,875,000.
3. Each restricted share unit represents a contingent right to receive one share of Harman common stock or cash equal to the value of one share of Harman common stock or another specified amount.
4. Of the 34,608 restricted share units, (1) 8,039 vest on July 1, 2010, (2) 9,954 vest on March 1, 2010, (3) 8,039 vest 20% annually beginning January 2, 2009, (4) 2,770 vested on March 1, 2008 and (5) 2,903 vest on each of March 1, 2009 and 2010.
Remarks:
/s/ Cherie Curry, as attorney in fact for Dinesh Paliwal 08/14/2008
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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