SEC Form 4 · accession 0000880804-15-000012
PREMIERE GLOBAL SERVICES, INC. · PGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Boland T Jones
Officer — Chief Executive Officer · Director
Period of report
Feb 27, 2015
Accepted (ET)
Mar 3, 2015 · 5:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000880804
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 27, 2015 | F | 18,917 | $9.74 | D | 1,647,525 | D | |
| Common Stock | Feb 27, 2015 | D | 6,226 | $0.00 | D | 1,641,299 | D | |
| Common StockF2 | Feb 27, 2015 | A | 23,022 | $0.00 | A | 1,664,321 | D | |
| Common Stock | Feb 27, 2015 | F | 3,838 | $9.74 | D | 1,660,483 | D | |
| Common Stock | holding | — | — | — | 590 | I | By Spouse | |
| Common StockF4 | holding | — | — | — | 4,702 | I | By 401(k) Plan | |
| Common Stock | holding | — | — | — | 1,330,753 | I | By Seven Gables Partnership, L.P. | |
| Common StockF5 | holding | — | — | — | 55,427 | I | By 1996 GRAT |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares withheld to satisfy the reporting person's tax liability applicable to the vesting of restricted stock on February 27, 2015 relating to the reporting person's performance-based component of his long-term incentive award.
- F2Overachievement performance awards granted in the form of restricted stock units, or RSUs, under the Premiere Global Services, Inc.'s Amended and Restated 2004 Long-Term Incentive Plan, as amended. The RSUs could be earned based upon the achievement of a specified SaaS revenue target for 2014. One-half of the earned RSUs convert to shares of fully-vested stock on a one-for-one basis on the date of the first payroll following our fourth quarter and year-end earnings release for 2014 (the "Conversion Date"), and one-half of the earned RSUs convert to shares of restricted stock on the Conversion Date, which restricted shares vest on March 31, 2016.
- F3Shares withheld to satisfy the reporting person's tax liability applicable to the vesting of restricted stock on February 27, 2015 related to (2) above.
- F4The number of shares reported is based on a plan statement dated as of April 10, 2014.
- F5The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.