4//SEC Filing
POLYCOM INC 4
Accession 0001311050-16-000086
CIK 0001010552operating
Filed
May 15, 8:00 PM ET
Accepted
May 16, 4:15 PM ET
Size
11.3 KB
Accession
0001311050-16-000086
Insider Transaction Report
Form 4
POLYCOM INCPLCM
Frendo Michael
EVP, Engineering
Transactions
- Tax Payment
Common Stock
2016-05-13$10.97/sh−18,304$200,795→ 93,317 total - Exercise/Conversion
Restricted Stock Units
2016-05-13−24,351→ 24,351 totalExercise: $0.00→ Common Stock (24,351 underlying) - Exercise/Conversion
Common Stock
2016-05-13+48,702→ 111,621 total - Exercise/Conversion
Performance Shares
2016-05-13−24,351→ 24,351 totalExercise: $0.00→ Common Stock (24,351 underlying)
Footnotes (3)
- [F1]This transaction represents an automatic withholding of shares by Polycom equal in current market value to the total required tax withholding due upon vesting.
- [F2]Restricted Stock Units are converted on a one-for-one basis into shares of Polycom, Inc. common stock following vesting, which vesting for 24,351 shares occurred on May 13, 2016. The remaining 24,351 shares underlying the award are scheduled to vest on May 13, 2017.
- [F3]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, 2016. The unvested award previously reported was at the target award level. The remaining 24,351 shares underlying the award are scheduled to vest 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 15, 8:00 PM ET
- Accepted
- May 16, 4:15 PM ET
- Size
- 11.3 KB