XNAS:PLCM Polycom Inc Insider Activity 4 Filing - 2/22/2012

Effective Date 2/22/2012

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Miller Andrew M.
  2. Issuer Name and Ticker or Trading Symbol
POLYCOM INC [PLCM]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President and CEO
(Last)
(First)
(Middle)
4750 WILLOW ROAD
3. Date of Earliest Transaction (Month/Day/Year)
02/22/2012
(Street)

PLEASANTON, CA 94588
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/23/2012   M   36,344 A $ 0 227,252 D  
Common Stock 02/23/2012   F   15,004 D $21.34 212,248 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units $ 0 02/23/2012   M     19,332   (1)   (1) Common Stock 19,332 $ 0 38,668 D  
Performance Shares $ 0 02/23/2012   M     17,012   (2)   (2) Common Stock 17,012 $ 0 38,668 D  
Restricted Stock Units $ 0 02/22/2012   A   82,500     (3)   (3) Common Stock 82,500 $ 0 82,500 D  
Performance Shares $ 0 02/22/2012   A   75,000     (4)   (4) Common Stock 75,000 $ 0 75,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Miller Andrew M.
4750 WILLOW ROAD
PLEASANTON, CA 94588
  X     President and CEO  

Signatures

 /s/JoAnne Zinman, Attorney-in-Fact for Andrew M. Miller   02/24/2012
** Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Restricted Stock Units are converted on a one-for-one basis into shares of Polycom, Inc. common stock following vesting, which vesting for 19,332 shares occurred on 2/23/12. The remaining 38,668 shares under this award are scheduled to vest as to 19,334 shares on 2/23/13 and 19,334 shares on 2/23/14.
(2) These Performance Shares awarded on February 23, 2011 were converted on a one-for-one basis into shares of Polycom, Inc. common stock following vesting, which vesting for 17,012 shares occurred on 2/23/12. The unvested award previously reported was at the target award level. The remaining 38,668 target shares underlying the award are scheduled to vest as to 19,332 target shares on 2/23/2013 and 19,336 target shares on 2/23/2014, 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.
(3) This Restricted Stock Unit Award is scheduled to vest as to one-third of the total shares awarded on each of the first three (3) anniversaries of the February 22, 2012 Grant Date until fully vested on February 22, 2015.
(4) Each Target Performance Share represents a contingent right to receive one share of Polycom, Inc. common stock. The Performance Shares vest upon achievement of certain performance criteria based on total shareholder return and are scheduled to vest as to one- third of the total target award on each of the first three (3) year anniversaries of the February 22, 2012 Grant Date (or such later date as the Compensation Committee certifies achievement of the performance criteria). The number of shares reflected on this filing is at the target award level. The actual number of shares that may vest ranges from 0% to 150% of the target amount, depending upon actual performance.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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XNAS:PLCM Polycom Inc Insider Activity 4 Filling

Polycom Inc XNAS:PLCM Stock - Get Insider Activity SEC Filing of Polycom Inc XNAS:PLCM stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XNAS:PLCM Polycom Inc Insider Activity 4 Filing - 2/22/2012
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