4//SEC Filing
POLYCOM INC 4
Accession 0001247640-16-000044
CIK 0001010552operating
Filed
Feb 29, 7:00 PM ET
Accepted
Mar 1, 8:33 PM ET
Size
24.6 KB
Accession
0001247640-16-000044
Insider Transaction Report
Form 4
POLYCOM INCPLCM
Darwish Sayed
SVP, General Counsel and CAO
Transactions
- Exercise/Conversion
Common Stock
2016-02-26+26,324→ 138,393 total - Exercise/Conversion
Common Stock
2016-02-27+57,319→ 185,624 total - Exercise/Conversion
Performance Shares
2016-02-26−13,162→ 13,163 totalExercise: $0.00→ Common Stock (13,162 underlying) - Exercise/Conversion
Performance Shares
2016-02-27−14,494→ 0 totalExercise: $0.00→ Common Stock (14,494 underlying) - Tax Payment
Common Stock
2016-02-26$10.33/sh−10,088$104,209→ 128,305 total - Exercise/Conversion
Restricted Stock Units
2016-02-26−13,162→ 13,163 totalExercise: $0.00→ Common Stock (13,162 underlying) - Tax Payment
Common Stock
2016-02-27$10.33/sh−21,542$222,529→ 164,082 total - Exercise/Conversion
Restricted Stock Units
2016-02-27−14,166→ 28,334 totalExercise: $0.00→ Common Stock (14,166 underlying) - Exercise/Conversion
Restricted Stock Units
2016-02-27−14,493→ 0 totalExercise: $0.00→ Common Stock (14,493 underlying) - Exercise/Conversion
Performance Shares
2016-02-27−14,166→ 28,334 totalExercise: $0.00→ Common Stock (14,166 underlying)
Footnotes (8)
- [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 13,162 shares occurred on February 26, 2016. The remaining 13,163 shares underlying this award are scheduled to vest on February 26, 2017.
- [F4]These Performance Shares awarded on February 26, 2014 were converted on a one-for-one basis into shares of Polycom, Inc. common stock following vesting, which occurred on February 26, 2016. The unvested award previously reported was at the target award level. The remaining 13,163 target shares underlying the award are scheduled to vest on February 26, 2017, 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.
- [F5]Restricted Stock Units are converted on a one-for-one basis into shares of Polycom, Inc. common stock following vesting, which vesting for 14,493 shares occurred on February 27, 2016. This award is now fully vested.
- [F6]These Performance Shares awarded on February 27, 2013 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. This award is now fully vested.
- [F7]Restricted Stock Units are converted on a one-for-one basis into shares of Polycom, Inc. common stock following vesting, which vesting for 14,166 shares occurred on February 27, 2016. The remaining 28,334 shares underlying this award are scheduled to vest as to 14,167 shares on February 27, 2017 and 14,167 shares on February 27, 2018.
- [F8]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 28,334 target shares underlying the award are scheduled to vest as to 14,167 shares on February 27, 2017, and 14,167 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, 8:33 PM ET
- Size
- 24.6 KB