0001247640-16-000041.txt : 20160301
0001247640-16-000041.hdr.sgml : 20160301
20160301192227
ACCESSION NUMBER: 0001247640-16-000041
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160227
FILED AS OF DATE: 20160301
DATE AS OF CHANGE: 20160301
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: POLYCOM INC
CENTRAL INDEX KEY: 0001010552
STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661]
IRS NUMBER: 943128324
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 6001 AMERICA CENTER DR.
CITY: SAN JOSE
STATE: CA
ZIP: 95002
BUSINESS PHONE: 408-586-6000
MAIL ADDRESS:
STREET 1: 6001 AMERICA CENTER DR.
CITY: SAN JOSE
STATE: CA
ZIP: 95002
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Leav Peter
CENTRAL INDEX KEY: 0001455181
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-27978
FILM NUMBER: 161475230
MAIL ADDRESS:
STREET 1: 7 WORLD TRADE CENTER
STREET 2: 250 GREENWICH STREET
CITY: NEW YORK
STATE: NY
ZIP: 10007
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2016-02-27
0001010552
POLYCOM INC
PLCM
0001455181
Leav Peter
6001 AMERICA CENTER PARKWAY
SAN JOSE
CA
95002
1
1
0
0
President & CEO
Common Stock
2016-02-27
4
M
0
154526
0
A
386643
D
Common Stock
2016-02-27
4
F
0
66437
10.33
D
320206
D
Restricted Stock Units
0
2016-02-27
4
M
0
77263
0
D
Common Stock
77263
154527
D
Performance Shares
0
2016-02-27
4
M
0
77263
0
D
Common Stock
77263
154527
D
This transaction represents an automatic withholding of shares by Polycom equal in current market value to the total required tax withholding due upon vesting.
Restricted Stock Units are converted on a one-for-one basis into shares of Polycom, Inc. common stock following vesting, which vesting for 77,263 shares occurred on February 27, 2016. The remaining 154,527 shares underlying the award are scheduled to vest as to 77,263 shares on February 27, 2017, and 77,264 shares on February 27, 2018.
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 154,527 target shares underlying the award are scheduled to vest as to 77,263 shares on February 27, 2017, and 77,264 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.
/s/JoAnne Zinman, Attorney-in-Fact for Peter Leav
2016-03-01