SEC Form 4 · accession 0001247640-15-000025
POLYCOM INC · PLCM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary James Daichendt
Director
Period of report
Aug 5, 2015
Accepted (ET)
Aug 6, 2015 · 6:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001010552
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Aug 5, 2015 | A | 15,000 | A | — | — | Common Stock | 15,000 | 15,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- F2This restricted stock unit grant is an automatic, nondiscretionary award under the Company's 2011 Equity Incentive Plan to a Nonemployee Director upon his/her initial appointment or election to the Board. Gary J. Daichendt was appointed to Polycom's Board of Directors effective August 5, 2015, and is receiving a pro rata portion of the annual 20,000 share restricted stock unit grant. This restricted stock unit grant will vest as to 5,000 shares on November 27, 2015, 5,000 shares on February 27, 2016, and 5,000 shares on May 27, 2016.