SEC Form 4 · accession 0001311050-16-000111
POLYCOM INC · PLCM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Frankenberg
Director
Period of report
Sep 23, 2016
Accepted (ET)
Sep 27, 2016 · 4:09 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 StockF1 | Sep 27, 2016 | D | 53,333 | $0.00 | D | 0 | 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,F3 | — | Sep 23, 2016 | A | 20,000 | A | — | — | Common Stock | 20,000 | 20,000 | D |
| Restricted Stock UnitsF4 | $0.00 | Sep 26, 2016 | D | 20,000 | D | — | — | Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1Disposed of pursuant to that certain Agreement and Plan of Merger between the Issuer, Triangle Private Holdings I, LLC and Triangle Private Merger Sub Inc. (the "Merger Agreement"), in exchange for a cash payment of $12.50 per share.
- F2Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- F3This restricted stock unit award was granted on September 23, 2016, in lieu of the automatic, nondiscretionary award under the Company's 2011 Equity Incentive Plan that otherwise would have been granted upon the reporting person's reelection to the Company's Board at the Company's 2016 Annual Meeting of Stockholders. This award vests as to 25% of the total granted shares underlying the award on each of December 23, 2016, March 23, 2017, June 23, 2017 and September 23, 2017.
- F4Cancelled pursuant to the Merger Agreement, in exchange for a cash payment of $12.50 per share.