SEC Form 4 · accession 0001247640-15-000040

POLYCOM INC · PLCM

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President & CEO · Director

Period of report

Dec 2, 2015

Accepted (ET)

Dec 4, 2015 · 4:12 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
Common Stock	Dec 2, 2015	M	87,500	$0.00	A	217,763	D
Common Stock^F1	Dec 2, 2015	F	44,224	$13.56	D	173,539	D
Common Stock	Dec 3, 2015	M	122,499	$0.00	A	296,038	D
Common Stock^F1	Dec 3, 2015	F	63,921	$13.07	D	232,117	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F2	$0.00	Dec 2, 2015	M	87,500	D	—	—	Common Stock	87,500	87,500	D
Performance Shares^F3	$0.00	Dec 3, 2015	M	122,499	D	—	—	Common Stock	122,499	116,668	D

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 87,500 shares occurred on December 2, 2015. The remaining 87,500 shares underlying the award are scheduled to vest on 12/2/2016.
F3These Performance Shares awarded on December 2, 2013 were converted on a one-for-one basis into shares of Polycom, Inc. common stock following vesting, which occurred on December 3, 2015. The unvested award previously reported was at the target award level. The remaining 116,668 target shares underlying the award are scheduled to vest on 12/2/2016, or if later, the date the Compensation Committee certifies achievement of performance criteria for Total Shareholder Return for the remaining performance periods. Vesting of the remaining award depends on future performance and may range from 0% to 150% of the target amount.