Lisa Marie Bodensteiner - Aug 29, 2022 Form 4 Insider Report for PLANTRONICS INC /CA/ (POLY)

Signature
By:Christopher LaRoche, Attorney-in-fact For: Lisa M. Bodensteiner
Stock symbol
POLY
Transactions as of
Aug 29, 2022
Transactions value $
-$5,704,280
Form type
4
Date filed
8/31/2022, 07:46 PM
Previous filing
May 12, 2022
Next filing
Dec 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction POLY COMMON STOCK Disposed to Issuer -$2.05M -51.2K -100% $40.00 0 Aug 29, 2022 Direct F1
transaction POLY COMMON STOCK Disposed to Issuer -$615K -15.4K -100% $40.00 0 Aug 29, 2022 Direct F2
transaction POLY COMMON STOCK Award $0 +76K $0.00 76K Aug 29, 2022 Direct F3
transaction POLY COMMON STOCK Disposed to Issuer -$3.04M -76K -100% $40.00 0 Aug 29, 2022 Direct F4
transaction POLY COMMON STOCK Award $0 +13.4K $0.00 13.4K Aug 29, 2022 Direct F5
transaction POLY COMMON STOCK Award $0 +13.4K +100% $0.00 26.9K Aug 29, 2022 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Lisa Marie Bodensteiner is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents shares of the Issuer's common stock that were disposed of in connection with the merger of Prism Subsidiary Corp. with and into the Issuer (the "Merger") pursuant to an Agreement and Plan of Merger ("Merger Agreement"), dated as of March 25, 2022, by and among the Issuer, HP Inc. ("HP") and Prism Subsidiary Corp. At the effective time of the Merger, each share of the Issuer's common stock was cancelled and converted into the right to receive $40.00 in cash.
F2 Represents restricted stock units ("RSUs"). At the effective time of the Merger, each outstanding RSU (excluding RSUs granted on or after March 25, 2022, and on or prior to the effective time of the Merger ("Interim RSUs")) was cancelled and converted into a right to receive $40.00 in cash for each outstanding RSU.
F3 Represents the vesting of performance-based RSUs ("PSUs").
F4 At the effective time of the Merger, each outstanding PSU (excluding PSUs granted on or after March 25, 2022, and on or prior to the effective time of the Merger ("Interim PSUs")) was cancelled and converted into a right to receive $40.00 in cash, as provided in the Merger Agreement.
F5 At the effective time of the Merger, each Interim RSU was converted into the right to acquire a number of shares of HP common stock calculated by multiplying (i) the number of shares of the Issuer's common stock that would be issuable under such Interim RSU immediately prior to the effective time of the Merger by (ii) the exchange ratio, as defined in the Merger Agreement.
F6 At the effective time of the Merger, each Interim PSU was cancelled and exchanged for an Interim RSU in the manner provided in the Merger Agreement, which Interim RSU was treated at the effective time of the Merger as described in footnote 5 above.