SEC Form 4 · accession 0001311050-16-000082
POLYCOM INC · PLCM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary James Daichendt
Director
Period of report
Feb 27, 2016
Accepted (ET)
Mar 1, 2016 · 5:53 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 27, 2016 | M | 5,000 | $0.00 | A | 10,000 | 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 UnitsF1,F2 | — | Feb 27, 2016 | M | 5,000 | D | — | — | Common Stock | 5,000 | 5,000 | 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 award was granted on August 5, 2015 as an automatic, nondiscretionary award under the Company's 2011 Equity Incentive Plan to Mr. Daichendt upon his initial appointment as a Nonemployee Director of the Board. This award vests as to 5,000 shares on November 27, 2015, 5,000 shares on February 27, 2016, and 5,000 shares on May 27, 2016. 5,000 of these restricted stock units were converted on a one-for-one basis into shares of Polycom, Inc. common stock following the vesting on February 27, 2016.