SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. )1
Polycom, Inc.
(Name of Issuer)
Common Stock, Par Value $0.0005 per share
(Title of Class of Securities)
73172K 10 4
(CUSIP Number)
Gari L. Cheever
Two Embarcadero Place
2200 Geng Road
Palo Alto, California 94303
Telephone: (415) 424-0160
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 26, 1996
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box ____.
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
- --------
1 The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
<PAGE>
- -------------------------------- -------------------------------------
CUSIP NO. 73172K 10 4 13D Page 2 of 14 Pages
- -------------------------------- -------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Brian L. Hinman
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) (b) X
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ____
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER 2,010,317
OF
SHARES
BENEFICIALLY
OWNED BY
REPORTING
PERSON
WITH
-----------------------------------------------------
8 SHARED VOTING POWER Not Applicable
-----------------------------------------------------
9 SOLE DISPOSITIVE POWER
2,010,317
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER Not Applicable
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 2,010,317
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES* ____
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
10.4%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- --------------------------------------------------------------------------------
<PAGE>
- ---------------------------------------------- -----------------------
CUSIP NO. 73172K 10 4 13D Page 3 of 14 Pages
- ---------------------------------------------- -----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Evan J. McDowell
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) (b) X
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ____
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER 332,111
OF
SHARES
BENEFICIALLY
OWNED BY
REPORTING
PERSON
WITH
------------------------------------------------------
8 SHARED VOTING POWER Not Applicable
------------------------------------------------------
9 SOLE DISPOSITIVE POWER
332,111
------------------------------------------------------
10 SHARED DISPOSITIVE POWER Not Applicable
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 332,111
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES* ____
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
1.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- --------------------------------------------------------------------------------
<PAGE>
- ---------------------------------------------- -----------------------
CUSIP NO. 73172K 10 4 13D Page 4 of 14 Pages
- ---------------------------------------------- -----------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Ardeshir Falaki
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) (b) X
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ____
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Iran
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER 15,000
OF
SHARES
BENEFICIALLY
OWNED BY
REPORTING
PERSON
WITH
------------------------------------------------------
8 SHARED VOTING POWER Not Applicable
------------------------------------------------------
9 SOLE DISPOSITIVE POWER
15,000
------------------------------------------------------
10 SHARED DISPOSITIVE POWER Not Applicable
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 15,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES* ____
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
.0007%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- --------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------- --------------------------
CUSIP NO. 73172K 10 4 13D Page 5 of 14 Pages
- ------------------------------------------- --------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Alan D. Hagedorn
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) (b) X
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ____
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER 10,000
OF
SHARES
BENEFICIALLY
OWNED BY
REPORTING
PERSON
WITH
--------------------------------------------------------
8 SHARED VOTING POWER Not Applicable
--------------------------------------------------------
9 SOLE DISPOSITIVE POWER
10,000
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER Not Applicable
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 10,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES* ____
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
.0005%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------- ------------------------
CUSIP NO. 73172K 10 4 13D Page 6 of 14 Pages
- --------------------------------------------- ------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Michael R. Kourey
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) (b) X
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ____
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER 211,667
OF
SHARES
BENEFICIALLY
OWNED BY
REPORTING
PERSON
WITH
-------------------------------------------------------
8 SHARED VOTING POWER Not Applicable
-------------------------------------------------------
9 SOLE DISPOSITIVE POWER
211,667
-------------------------------------------------------
10 SHARED DISPOSITIVE POWER Not Applicable
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 211,667
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES* ____
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
1.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- --------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------- --------------------------
CUSIP NO. 73172K 10 4 13D Page 7 of 14 Pages
- ------------------------------------------- --------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Thomas E. Perkins
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) (b) X
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ____
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER 5,000
OF
SHARES
BENEFICIALLY
OWNED BY
REPORTING
PERSON
WITH
--------------------------------------------------------
8 SHARED VOTING POWER Not Applicable
--------------------------------------------------------
9 SOLE DISPOSITIVE POWER
5,000
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER Not Applicable
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 5,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES* ____
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
.0003%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- --------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------- --------------------------
CUSIP NO. 73172K 10 4 13D Page 8 of 14 Pages
- ------------------------------------------- --------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Gilbert J. Pearson
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) (b) X
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ____
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER 61,875
OF
SHARES
BENEFICIALLY
OWNED BY
REPORTING
PERSON
WITH
------------------------------------------------------
8 SHARED VOTING POWER Not Applicable
------------------------------------------------------
9 SOLE DISPOSITIVE POWER
61,875
------------------------------------------------------
10 SHARED DISPOSITIVE POWER Not Applicable
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 61,875
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES* ____
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
.003%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- --------------------------------------------------------------------------------
<PAGE>
- ------------------------------------------ ---------------------------
CUSIP NO. 73172K 10 4 13D Page 9 of 14 Pages
- ------------------------------------------ ---------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Pasquale Romano
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) (b) X
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ____
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER 125,000
OF
SHARES
BENEFICIALLY
OWNED BY
REPORTING
PERSON
WITH
------------------------------------------------------
8 SHARED VOTING POWER Not Applicable
------------------------------------------------------
9 SOLE DISPOSITIVE POWER
125,000
------------------------------------------------------
10 SHARED DISPOSITIVE POWER Not Applicable
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 125,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES* ____
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
.006%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- --------------------------------------------------------------------------------
<PAGE>
Item 1. Security and Issuer.
This statement relates to the common stock, $0.0005 par value (the "Common
Stock"), of Polycom, Inc., a Delaware corporation (the "Company"). The principal
executive offices of the Company are located at 2584 Junction Avenue, San Jose,
California 95134.
Item 2. Identity and Background.
Pursuant to Rules 13d-1(f)(1) and (2) promulgated under the Securities
Exchange Act of 1934, as amended (the "Act"), the undersigned hereby file this
Statement on Schedule 13D on behalf of Brian L. Hinman, Evan J. McDowell,
Ardeshir Falaki, Alan D. Hagedorn, Michael R. Kourey, Thomas E. Perkins, Gilbert
J. Pearson and Pasquale Romano (each a "Reporting Person", collectively the
"Reporting Persons"), the management team members of the Company. The Reporting
Persons are making this single, joint filing because they may be deemed to
constitute a "group" within the meaning of Section 13(d)(3) of the Act, although
neither the fact of this filing nor anything contained herein shall be deemed to
be an admission by any of the Reporting Persons that such a "group" exists.
(a) See Row 1 of the cover page for each Reporting Person.
(b) The business address for each Reporting Person is 2584
Junction Avenue, San Jose, California 95134.
(c) The principal occupations of Brian L. Hinman, Evan J.
McDowell, Ardeshir Falaki, Alan D. Hagedorn, Michael R.
Kourey, Thomas E. Perkins, Gilbert J. Pearson and Pasquale
Romano are President and CEO, Vice President of Sales and
Marketing, Vice President of Dataconferencing Engineering,
Vice President of Manufacturing, Vice President of Finance
and Administration and CFO, Director of Human Resources,
Director of Audioconferencing Engineering, and Director of
Advanced Development, respectively, of the Company whose
principal business and office address is 2584 Junction
Avenue, San Jose, California 95134.
(d) During the past five years, none of the Reporting Persons have
been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) During the past five years, none of the Reporting Persons were
a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction as a result of which such
Reporting Person was or is subject to a judgment, decree or
final order enjoining future violations of or prohibiting or
mandating activity subject to federal or state securities laws
or finding any violation with respect to such laws.
(f) See Row 6 of the cover page for each Reporting Person.
10
<PAGE>
Item 3. Source and Amount of Funds or Other Consideration
On November 26, 1996, each of the Reporting Persons purchased the following
number of shares of the Issuer's securities, which totalled an aggregate of
170,000 shares: Brian L. Hinman, 100,000 shares; Evan J. McDowell, 25,000
shares; Ardeshir Falaki, 15,000 shares; Alan D. Hagedorn, 10,000 shares; Michael
R. Kourey, 5,000 shares; Thomas E. Perkins, 5,000 shares; Gilbert J. Pearson,
5,000 shares; and Pasquale Romano, 5,000 shares. The source of funds used in
making the purchases was each Reporting Person's personal funds and the purchase
price was $3.81 per share.
Item 4. Purpose of Transaction
Each of the Reporting Persons purchased the shares for investment purposes.
Item 5. Interest in Securities of the Issuer.
(a) See Rows 11 and 13 of the cover page for each Reporting Person.
(b) See Rows 7-10 of the cover page for each Reporting Person.
(c) To the best knowledge of each Reporting Person, none of the Reporting
Persons has effected any transactions in the Common Stock other than as
described herein during the 60 days prior to November 26, 1996.
(d) Not Applicable.
(e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Secjurities of the Issuer
Except as set forth in Items 1-5 above, there are no contracts,
arrangements, understandings or relationships among any of Reporting Persons
with respect to the Common Stock of the Issuer.
Item 7. Material to Be Filed as Exhibits
Exhibit A Agreement of Joint Filing
11
<PAGE>
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
December 2, 1996
/s/ Brian L. Hinman
------------------------------------
Brian L. Hinman
/s/ Evan J. McDowell
------------------------------------
Evan J. McDowell
/s/ Ardeshir Falaki
------------------------------------
Ardeshir Falaki
/s/ Alan D. Hagedorn
------------------------------------
Alan D. Hagedorn
/s/ Michael R. Kourey
------------------------------------
Michael R. Kourey
/s/ Thomas E. Perkins
------------------------------------
Thomas E. Perkins
/s/ Gilbert J. Pearson
------------------------------------
Gilbert J. Pearson
/s/ Pasquale Ramano
------------------------------------
Pasquale Romano
12
<PAGE>
EXHIBIT INDEX
Exhibit No. Document Description Page No.
A Agreement of Joint Filing 14
13
<PAGE>
EXHIBIT A
Agreement of Joint Filing
The undersigned hereby agree that they are filing jointly pursuant to Rule
13d- 1(f)(1) of the Securities Exchange Act of 1934, as amended, the Statement
dated December 2, 1996, containing the information required by Schedule 13D, for
the shares of Common Stock of Polycom, Inc., held by Brian L. Hinman, Evan J.
McDowell, Ardeshir Falaki, Alan D. Hagedorn, Michael R. Kourey, Thomas E.
Perkins, Gilbert J. Pearson and Pasquale Romano.
December 2, 1996
/s/ Brian L. Hinman
------------------------------------
Brian L. Hinman
/s/ Evan J. McDowell
------------------------------------
Evan J. McDowell
/s/ Ardeshir Falaki
------------------------------------
Ardeshir Falaki
/s/ Alan D. Hagedorn
------------------------------------
Alan D. Hagedorn
/s/ Michael R. Kourey
------------------------------------
Michael R. Kourey
/s/ Thomas E. Perkins
------------------------------------
Thomas E. Perkins
/s/ Gilbert J. Pearson
------------------------------------
Gilbert J. Pearson
/s/ Pasquale Ramano
------------------------------------
Pasquale Romano
14
