SEC Form 4 · accession 0001247640-15-000006
POLYCOM INC · PLCM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laura Durr
Officer — CFO
Period of report
Feb 22, 2015
Accepted (ET)
Feb 24, 2015 · 6:05 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 Stock | Feb 22, 2015 | M | 5,650 | $0.00 | A | 46,129 | D | |
| Common StockF1 | Feb 22, 2015 | F | 2,390 | $13.84 | D | 43,739 | 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 UnitsF2 | $0.00 | Feb 22, 2015 | M | 2,500 | D | — | — | Common Stock | 2,500 | 0 | D |
| Performance SharesF3 | $0.00 | Feb 22, 2015 | M | 3,150 | D | — | — | Common Stock | 3,150 | 0 | D |
Explanation of responses
- F1This transaction represents an automatic withholding of shares by Polycom equal in current market value to the total required tax withholding due upon vesting.
- F2Restricted Stock Units are converted on a one-for-one basis into shares of Polycom, Inc. common stock following vesting, which vesting for 2,500 shares occurred on February 22, 2015. This award is now fully vested.
- F3These 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.