SEC Form 4 · accession 0001463252-16-000103
PLANTRONICS INC /CA/ · PLT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
S Kenneth Kannappan
Officer — CEO - CORPORATE - GLOBAL.CEO. · Director
Period of report
May 6, 2016
Accepted (ET)
May 9, 2016 · 6:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000914025
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCKF1 | May 6, 2016 | A | 30,000 | $0.00 | A | 179,337 | D | |
| COMMON STOCK | holding | — | — | — | 200 | I | by Son | |
| COMMON STOCK | holding | — | — | — | 14,946 | I | by Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F2 | $42.42 | May 6, 2016 | A | 50,000 | A | May 6, 2017 | May 6, 2023 | COMMON STOCK | 50,000 | 50,000 | D |
Explanation of responses
- F1Represents a Restricted Stock Award which shall vest over 3 years on an annual basis subject to continued employment.
- F2Option was granted by the Issuer pursuant to a Rule 16-b plan and becomes exercisable as follows: 33.3% of the shares subject to the option vest 12 months from date of grant; and 1/36th of the shares subject to option vest each month thereafter.