POLYCOM INC 4

4 · POLYCOM INC · Filed Mar 1, 2016

Form 4

Period: 2016-02-27

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 total
Exercise: $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 total
Exercise: $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

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