POLYCOM INC 4
4 · POLYCOM INC · Filed Mar 2, 2015
Insider Transaction Report
Form 4
POLYCOM INCPLCM
Frendo Michael
EVP, Engineering
Transactions
- Award
Performance Shares
2015-02-27+55,000→ 55,000 totalExercise: $0.00→ Common Stock (55,000 underlying) - Award
Restricted Stock Units
2015-02-27+55,000→ 55,000 totalExercise: $0.00→ Common Stock (55,000 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of Polycom, Inc. common stock. This Restricted Stock Unit Award is scheduled to vest as to one-third of the total shares awarded on each of the first three (3) anniversaries of the February 27, 2015 Grant Date until fully vested on Febraury 27, 2018.
- [F2]Each Target Performance Share represents a contingent right to receive one share of Polycom, Inc. common stock. The Performance Shares vest upon achievement of certain performance criteria based on total shareholder return and are scheduled to vest as to one-third of the total target award on each of the first three (3) year anniversaries of the February 27, 2015 Grant Date (or such later date as the Compensation Committee certifies achievement of the performance criteria). The number of shares reflected on this filing is at the target award level. The actual number of shares that may vest ranges from 0% to 150% of the target amount, depending upon actual performance.