Charles D. Boynton - 29 Aug 2022 Form 4 Insider Report for PLANTRONICS INC /CA/

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
31 Aug 2022, 19:30:55 UTC
Prior SEC filing
12 May 2022
Next SEC filing
10 Feb 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
By: Christopher LaRoche, Attorney-in-fact For: Charles D Boynton

Key filing fact

Charles D. Boynton filed Form 4 for PLANTRONICS INC /CA/ on 31 Aug 2022.

Key facts

  • This page summarizes Charles D. Boynton's Form 4 filing for PLANTRONICS INC /CA/.
  • 7 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 31 Aug 2022, 19:30.

Change

  • Previous filing in this sequence was filed on 12 May 2022.
  • Current net transaction value: -$13,119,880.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

POLY transaction

COMMON STOCK

Disposed to Issuer

Transaction value
$1,542,360
Shares
-38,559
Change %
-100%
Price
$40.00
Shares after
0
Date
29 Aug 2022
Ownership
by Trust
Footnotes
F1
POLY transaction

COMMON STOCK

Disposed to Issuer

Transaction value
$3,695,360
Shares
-92,384
Change %
-100%
Price
$40.00
Shares after
0
Date
29 Aug 2022
Ownership
Direct
Footnotes
F2
POLY transaction

COMMON STOCK

Disposed to Issuer

Transaction value
$946,360
Shares
-23,659
Change %
-100%
Price
$40.00
Shares after
0
Date
29 Aug 2022
Ownership
Direct
Footnotes
F3
POLY transaction

COMMON STOCK

Award

Transaction value
$0
Shares
+173,395
Change %
Price
$0.000000
Shares after
173,395
Date
29 Aug 2022
Ownership
Direct
Footnotes
F4
POLY transaction

COMMON STOCK

Disposed to Issuer

Transaction value
$6,935,800
Shares
-173,395
Change %
-100%
Price
$40.00
Shares after
0
Date
29 Aug 2022
Ownership
Direct
Footnotes
F5
POLY transaction

COMMON STOCK

Award

Transaction value
$0
Shares
+30,562
Change %
Price
$0.000000
Shares after
30,562
Date
29 Aug 2022
Ownership
Direct
Footnotes
F6
POLY transaction

COMMON STOCK

Award

Transaction value
$0
Shares
+30,562
Change %
+100%
Price
$0.000000
Shares after
61,124
Date
29 Aug 2022
Ownership
Direct
Footnotes
F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Charles D. Boynton is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 7 footnotes

Footnote 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 of which 38,559 shares are indirectly held in Trust.

Footnote F2

Represents shares of the Issuer's common stock that were disposed of in connection with the Merger pursuant to the Merger Agreement. 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.

Footnote F3

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.

Footnote F4

Represents the vesting of performance-based RSUs ("PSUs").

Footnote F5

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.

Footnote F6

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.

Footnote F7

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.

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