SEC Form 4 · accession 0001311050-15-000045
POLYCOM INC · PLCM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laura Durr
Officer — CFO
Period of report
May 28, 2015
Accepted (ET)
Jun 1, 2015 · 5:33 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 | May 28, 2015 | M | 5,833 | $0.00 | A | 81,209 | D | |
| Common StockF1 | May 28, 2015 | F | 2,732 | $13.48 | D | 78,477 | 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 | May 28, 2015 | M | 5,833 | D | — | — | Common Stock | 5,833 | 11,667 | 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 5,833 shares occurred on May 28, 2015. The remaining 11,667 shares underlying this award are scheduled to vest as to 5,833 shares on May 28, 2016 and 5,834 shares on May 28, 2017.