4//SEC Filing
POLYCOM INC 4
Accession 0001247640-16-000042
CIK 0001010552operating
Filed
Feb 29, 7:00 PM ET
Accepted
Mar 1, 7:58 PM ET
Size
11.7 KB
Accession
0001247640-16-000042
Insider Transaction Report
Form 4
POLYCOM INCPLCM
Frendo Michael
EVP, Engineering
Transactions
- Exercise/Conversion
Common Stock
2016-02-27+36,666→ 76,982 total - Exercise/Conversion
Restricted Stock Units
2016-02-27−18,333→ 36,667 totalExercise: $0.00→ Common Stock (18,333 underlying) - Tax Payment
Common Stock
2016-02-27$10.33/sh−14,063$145,271→ 62,919 total - Exercise/Conversion
Performance Shares
2016-02-27−18,333→ 36,667 totalExercise: $0.00→ Common Stock (18,333 underlying)
Footnotes (4)
- [F1]Securities Beneficially Owned reflects shares acquired pursuant to issuer's Employee Stock Purchase Plan in a transaction exempt under Rule 16b-3.
- [F2]This transaction represents an automatic withholding of shares by Polycom equal in current market value to the total required tax withholding due upon vesting.
- [F3]Restricted Stock Units are converted on a one-for-one basis into shares of Polycom, Inc. common stock following vesting, which vesting for 18,333 shares occurred on February 27, 2016. The remaining 36,667 shares underlying the award are scheduled to vest as to 18,333 shares on February 27, 2017, and 18,334 shares on February 27, 2018.
- [F4]These Performance Shares awarded on February 27, 2015 were converted on a one-for-one basis into shares of Polycom, Inc. common stock following vesting, which occurred on February 27, 2016. The unvested award previously reported was at the target award level. The remaining 36,667 shares underlying the award are scheduled to vest as to 18,333 shares on February 27, 2017, and 18,334 shares on February 27, 2018, or if later, the date the Compensation Committee certifies achievement of performance criteria for Total Shareholder Return for the remaining performance periods. Vesting of the remaining award depends on future performance and may range from 0% to 150% of the target amount.
Documents
Issuer
POLYCOM INC
CIK 0001010552
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001010552
Filing Metadata
- Form type
- 4
- Filed
- Feb 29, 7:00 PM ET
- Accepted
- Mar 1, 7:58 PM ET
- Size
- 11.7 KB