Sec Form 4 Filing - Durr Laura @ POLYCOM INC - 2012-02-16

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 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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1. Name and Address of Reporting Person Durr Laura 2. Issuer Name and Ticker or Trading Symbol POLYCOM INC [ PLCM] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) SVP, Worldwide Controller (Last) (First) (Middle) 4750 WILLOW ROAD 3. Date of Earliest Transaction (MM/DD/YY) 02/16/2012 (Street) PLEASANTON, CA94588 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 02/16/2012 M( 1 ) 4,366 A $ 8.4 20,856 D Common Stock 02/16/2012 S( 1 ) 4,366 D $ 22.0003 ( 2 ) 16,490 D Common Stock 02/16/2012 M( 1 ) 9,408 A $ 8.18 25,898 D Common Stock 02/16/2012 S( 1 ) 9,408 D $ 22.0003 ( 2 ) 16,490 D Common Stock 02/17/2012 M( 1 ) 12,300 A $ 8.4 28,790 D Common Stock 02/17/2012 S( 1 ) 12,300 D $ 22.0479 ( 3 ) 16,490 D Common Stock 02/20/2012 M 4,450 A $ 0 20,940 D Common Stock 02/20/2012 F 1,633 D $ 21.79 19,307 D

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 Employee Stock Option (right to buy) $ 8.18 02/16/2012 M( 1 ) 9,408 ( 4 ) 03/15/2012 Common Stock 9,408 $ 0 0 D Employee Stock Option (right to buy) $ 8.4 02/16/2012 M( 1 ) 4,366 ( 5 ) 08/02/2012 Common Stock 4,366 $ 0 20,634 D Employee Stock Option (right to buy) $ 8.4 02/17/2012 M( 1 ) 12,300 ( 5 ) 08/02/2012 Common Stock 12,300 $ 0 8,334 D Restricted Stock Units $ 0 02/20/2012 M 2,500 ( 6 ) ( 6 ) Common Stock 2,500 $ 0 0 D Performance Shares $ 0 02/20/2012 M 1,950 ( 7 ) ( 7 ) Common Stock 1,950 $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Durr Laura 4750 WILLOW ROAD PLEASANTON, CA94588 SVP, Worldwide Controller Signatures /s/ JoAnne Zinman, Attorney-in-Fact for Laura J. Durr 02/21/2012 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The employee stock option exercises and sales reported on this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on August 30, 2011. ( 2 )All trades occurred within the following one dollar price range: $22.00 through $22.01. The reported price is the weighted average for trades within this range. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer. ( 3 )All trades occurred within the following one dollar price range: $22.00 through $22.10. The reported price is the weighted average for trades within this range. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer. ( 4 )This stock option vested as to 6,788 shares of the total 16,260 granted shares (adjusted for Polycom's 2-for-1 stock split effective July 1, 2011) on the 12-month anniversary of the March 15, 2005 grant date and monthly thereafter in equal installments over the remaining 33 months until fully vested on December 15, 2007. ( 5 )This stock option vested as to 25% of the total 40,000 granted shares (adjusted for Polycom's 2-for-1 stock split effective July 1, 2011) on the 12-month anniversary of the August 2, 2005 grant date and monthly ther eafter in equal installments over the remaining 36 months until fully vested on August 2, 2009. ( 6 )Restricted Stock Units are converted on a one-for-one basis into shares of Polycom, Inc. common stock following vesting, which vesting for 2,500 shares occurred on 2/20/2012. This award is now fully vested. ( 7 )These Performance Shares awarded on February 20, 2009 were converted into shares of Polycom, Inc. common stock following vesting, which vesting for 1,950 shares occurred on February 20, 2012. The unvested award previously reported was at the target award level. This award is now fully vested.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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