SEC Form 4 · accession 0001247640-15-000017
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
Aug 1, 2015
Accepted (ET)
Aug 4, 2015 · 7:36 pm EDT
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 | Aug 1, 2015 | M | 36,725 | $0.00 | A | 128,968 | D | |
| Common StockF1 | Aug 1, 2015 | F | 19,164 | $11.38 | D | 109,804 | 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 | Aug 1, 2015 | M | 16,250 | D | — | — | Common Stock | 16,250 | 0 | D |
| Performance SharesF3 | $0.00 | Aug 1, 2015 | M | 20,475 | D | — | — | Common Stock | 20,475 | 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 16,250 shares occurred on August 1, 2015. This award iis now fully vested.
- F3These Performance Shares awarded on August 1, 2012 were converted on a one-for-one basis into shares of Polycom, Inc. common stock following vesting, which vesting for 20,475 shares occurred on August 1, 2015. The unvested award previously reported was at the target award level. This award is now fully vested.