Is that machine a GUP? seems like its a know issue.
The SMC.exe processes crashes on Symantec Endpoint Protection 12.1 RU4 when Group Update Provider functionality is enabled
http://www.symantec.com/business/support/index?page=content&id=TECH213461
ccSvcHst.exe intermittently crashes after updating Proactive Threat Protection content on January 19, 2015 content
http://www.symantec.com/business/support/index?page=content&id=TECH227716
Reboot is not mandatory if you are upgrading from 12.X to 12.1.5
its required if you doing upgrade from 11.x to 12.X as the SEP does a side by side install..
SEP 12.1 employs a side-by-side, replace on reboot installation strategy. Side-by-side means that new files are written to a new folder, referred to as a silo, isolated from the existing operational folder. Because the two versions are separated from each other, during a migration the older software is left running unchanged until the next reboot.
The primary benefit of side-by-side installation and replace on reboot is that the system continues to be protected by the existing software until the new version is in operation after the reboot.
This technique enables you to change the normal portion of the installation path during a migration, when applicable.