4//SEC Filing
POLYCOM INC 4
Accession 0001311050-15-000030
CIK 0001010552operating
Filed
May 14, 8:00 PM ET
Accepted
May 15, 5:11 PM ET
Size
11.6 KB
Accession
0001311050-15-000030
Insider Transaction Report
Form 4
POLYCOM INCPLCM
Frendo Michael
EVP, Engineering
Transactions
- Exercise/Conversion
Common Stock
2015-05-13+55,031→ 56,474 total - Tax Payment
Common Stock
2015-05-13$13.33/sh−20,681$275,678→ 35,793 total - Exercise/Conversion
Restricted Stock Units
2015-05-13−24,350→ 48,702 totalExercise: $0.00→ Common Stock (24,350 underlying) - Exercise/Conversion
Performance Shares
2015-05-13−30,681→ 48,702 totalExercise: $0.00→ Common Stock (30,681 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 24,350 shares occurred on May 13, 2015. The remaining 48,702 shares underlying the award are scheduled to vest as to 24,351shares on May 13, 2016, and 24,351shares on May 13, 2017.
- [F4]These Performance Shares awarded on May 13, 2014 were converted on a one-for-one basis into shares of Polycom, Inc. common stock following vesting, which occurred on May 13, 2015. The unvested award previously reported was at the target award level. The remaining 48,702 shares underlying the award are scheduled to vest as to 24,351 shares on May 13, 2016, and 24,351shares on May 13, 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.
Documents
Issuer
POLYCOM INC
CIK 0001010552
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001010552
Filing Metadata
- Form type
- 4
- Filed
- May 14, 8:00 PM ET
- Accepted
- May 15, 5:11 PM ET
- Size
- 11.6 KB