SEC Form 4 · accession 0001247640-15-000005
POLYCOM INC · PLCM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sayed Darwish
Officer — CLO & EVP, Corp Dev
Period of report
Feb 22, 2015
Accepted (ET)
Feb 24, 2015 · 5:29 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001010552
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 22, 2015 | M | 13,184 | $0.00 | A | 83,414 | D | |
| Common StockF2 | Feb 22, 2015 | F | 5,180 | $13.84 | D | 78,234 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3 | $0.00 | Feb 22, 2015 | M | 5,834 | D | — | — | Common Stock | 5,834 | 0 | D |
| Performance SharesF4 | $0.00 | Feb 22, 2015 | M | 7,350 | D | — | — | Common Stock | 7,350 | 0 | D |
Explanation of responses
- F1Securities Beneficially Owned reflects shares acquired pursuant to issuer's Employee Stock Purchase Plan in a transaction exempt under Rule 16b-3.
- F2This transaction represents an automatic withholding of shares by Polycom equal in current market value to the total required tax withholding due upon vesting.
- F3Restricted Stock Units are converted on a one-for-one basis into shares of Polycom, Inc. common stock following vesting, which vesting for 5,834 shares occurred on February 22, 2015. This award is now fully vested.
- F4These Performance Shares awarded on February 22, 2012 were converted on a one-for-one basis into shares of Polycom, Inc. common stock following vesting, which occurred on February 22, 2015. The unvested award previously reported was at the target award level. This award is now fully vested.