SEC Form 4 · accession 0001311050-15-000067
POLYCOM INC · PLCM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laura Durr
Officer — CFO
Period of report
Aug 27, 2015
Accepted (ET)
Aug 31, 2015 · 6:22 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 27, 2015 | M | 11,300 | $0.00 | A | 89,594 | D | |
| Common StockF1 | Aug 27, 2015 | F | 5,898 | $10.81 | D | 83,696 | 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 27, 2015 | M | 5,000 | D | — | — | Common Stock | 5,000 | 0 | D |
| Performance SharesF3 | $0.00 | Aug 27, 2015 | M | 6,300 | D | — | — | Common Stock | 6,300 | 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 5,000 shares occurred on August 27, 2015. This award is fully vested.
- F3These Performance Shares awarded on August 27, 2012 were converted on a one-for-one basis into shares of Polycom, Inc. common stock following vesting, which occurred on August 27, 2015. The unvested award previously reported was at the target award level. This award is fully vested.