<PAGE>
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OMB APPROVAL
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OMB NUMBER 3235-0145
EXPIRES: AUGUST 31, 1999
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE. . . .
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UNITED STATES
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)
MICHAEL KOUREY, 2584 JUNCTION AVENUE, SAN JOSE, CALIFORNIA 95134;(408) 526-9000
- --------------------------------------------------------------------------------
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO
RECEIVE NOTICES AND COMMUNICATIONS)
December 30, 1999
- --------------------------------------------------------------------------------
(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 that is the subject of this Schedule 13D, and is
filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), 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.
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).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS
A CURRENTLY VALID OMB CONTROL NUMBER.
<PAGE>
CUSIP NO. 73172K 10 4
- --------------------------------------------------------------------------------
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
Michael R. Kourey
- ------------- -----------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)
(b)X
- ------------- -----------------------------------------------------------------
3. SEC Use Only
- ------------- -----------------------------------------------------------------
4. Source of Funds (See Instructions) PF
- ------------- -----------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
- ------------- -----------------------------------------------------------------
6. Citizenship or Place of Organization United States
- ------------- -----------------------------------------------------------------
- ------------- -----------------------------------------------------------------
7. Sole Voting Power 191,816(1)
Number of -----------------------------------------------------------------
Shares
Beneficially 8. Shared Voting Power
Owned by -----------------------------------------------------------------
Each Reporting
Person With 9. Sole Dispositive Power 191,816(1)
-----------------------------------------------------------------
10. Shared Dispositive Power
- ------------- -----------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
191,816(1)
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
- ------------- -----------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 0.2417%
- ------------- -----------------------------------------------------------------
14. Type of Reporting Person (See Instructions) IN
-2-
<PAGE>
CUSIP NO. 73172K 10 4
- --------------------------------------------------------------------------------
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
Evan J. McDowell
- ------------- -----------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)
(b)X
- ------------- -----------------------------------------------------------------
3. SEC Use Only
- ------------- -----------------------------------------------------------------
4. Source of Funds (See Instructions) PF
- ------------- -----------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
- ------------- -----------------------------------------------------------------
6. Citizenship or Place of Organization United States
- ------------- -----------------------------------------------------------------
- ------------- -----------------------------------------------------------------
7. Sole Voting Power 0
Number of -----------------------------------------------------------------
Shares
Beneficially 8. Shared Voting Power
Owned by -----------------------------------------------------------------
Each Reporting
Person With 9. Sole Dispositive Power 0
-----------------------------------------------------------------
10. Shared Dispositive Power
- ------------- -----------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person 0
- ------------- -----------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
- ------------- -----------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 0
- ------------- -----------------------------------------------------------------
14. Type of Reporting Person (See Instructions) IN
-3-
<PAGE>
CUSIP NO. 73172K 10 4
- --------------------------------------------------------------------------------
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
Ardeshir Falaki
- ------------- -----------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)
(b)X
- ------------- -----------------------------------------------------------------
3. SEC Use Only
- ------------- -----------------------------------------------------------------
4. Source of Funds (See Instructions) PF
- ------------- -----------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
- ------------- -----------------------------------------------------------------
6. Citizenship or Place of Organization United States
- ------------- -----------------------------------------------------------------
- ------------- -----------------------------------------------------------------
7. Sole Voting Power 126,999(2)
Number of -----------------------------------------------------------------
Shares
Beneficially 8. Shared Voting Power
Owned by -----------------------------------------------------------------
Each Reporting
Person With 9. Sole Dispositive Power 126,999(2)
-----------------------------------------------------------------
10. Shared Dispositive Power
- ------------- -----------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
126,999(2)
- ------------- -----------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
- ------------- -----------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 0.16%
- ------------- -----------------------------------------------------------------
14. Type of Reporting Person (See Instructions) IN
-4-
<PAGE>
CUSIP NO. 73172K 10 4
- --------------------------------------------------------------------------------
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
Alan D. Hagedorn
- ------------- -----------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)
(b)X
- ------------- -----------------------------------------------------------------
3. SEC Use Only
- ------------- -----------------------------------------------------------------
4. Source of Funds (See Instructions) PF
- ------------- -----------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
- ------------- -----------------------------------------------------------------
6. Citizenship or Place of Organization United States
- ------------- -----------------------------------------------------------------
- ------------- -----------------------------------------------------------------
7. Sole Voting Power 106,222(3)
Number of -----------------------------------------------------------------
Shares
Beneficially 8. Shared Voting Power
Owned by -----------------------------------------------------------------
Each Reporting
Person With 9. Sole Dispositive Power 106,222(3)
-----------------------------------------------------------------
10. Shared Dispositive Power
- ------------- -----------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
106,222(3)
- ------------- -----------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
- ------------- -----------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 0.1338%
- ------------- -----------------------------------------------------------------
14. Type of Reporting Person (See Instructions) IN
-5-
<PAGE>
CUSIP NO. 73172K 10 4
- ------------- -----------------------------------------------------------------
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
Brian L. Hinman
- ------------- -----------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)
(b) X
- ------------- -----------------------------------------------------------------
3. SEC Use Only
- ------------- -----------------------------------------------------------------
4. Source of Funds (See Instructions)OO
- ------------- -----------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
- ------------- -----------------------------------------------------------------
6. Citizenship or Place of Organization United States
- ------------- -----------------------------------------------------------------
- ------------- -----------------------------------------------------------------
7. Sole Voting Power 270,817(4)
Number of -----------------------------------------------------------------
Shares
Beneficially 8. Shared Voting Power
Owned by -----------------------------------------------------------------
Each Reporting
Person With 9. Sole Dispositive Power 270,817(4)
-----------------------------------------------------------------
10. Shared Dispositive Power
- ------------- -----------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
270,817(4)
- ------------- -----------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
- ------------- -----------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 0.3412%
- ------------- -----------------------------------------------------------------
14. Type of Reporting Person (See Instructions) IN
-6-
<PAGE>
CUSIP NO. 73172K 10 4
- --------------------------------------------------------------------------------
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
Thomas E. Perkins
- ------------- -----------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)
(b)X
- ------------- -----------------------------------------------------------------
3. SEC Use Only
- ------------- -----------------------------------------------------------------
4. Source of Funds (See Instructions) PF
- ------------- -----------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
- ------------- -----------------------------------------------------------------
6. Citizenship or Place of Organization United States
- ------------- -----------------------------------------------------------------
- ------------- -----------------------------------------------------------------
7. Sole Voting Power 25,218(5)
Number of -----------------------------------------------------------------
Shares
Beneficially 8. Shared Voting Power
Owned by -----------------------------------------------------------------
Each Reporting
Person With 9. Sole Dispositive Power 25,218(5)
-----------------------------------------------------------------
10. Shared Dispositive Power
- ------------- -----------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
25,218(5)
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
- ------------- -----------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 0.0317%
- ------------- -----------------------------------------------------------------
14. Type of Reporting Person (See Instructions) IN
-7-
<PAGE>
CUSIP NO. 73172K 10 4
- --------------------------------------------------------------------------------
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
Gilbert J. Pearson
- ------------- -----------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)
(b)X
- ------------- -----------------------------------------------------------------
3. SEC Use Only
- ------------- -----------------------------------------------------------------
4. Source of Funds (See Instructions) OO
- ------------- -----------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
- ------------- -----------------------------------------------------------------
6. Citizenship or Place of Organization United States
- ------------- -----------------------------------------------------------------
- ------------- -----------------------------------------------------------------
7. Sole Voting Power 65,974(6)
Number of -----------------------------------------------------------------
Shares
Beneficially 8. Shared Voting Power
Owned by -----------------------------------------------------------------
Each Reporting
Person With 9. Sole Dispositive Power 65,974(6)
-----------------------------------------------------------------
10. Shared Dispositive Power
- ------------- -----------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
65,974(6)
- ------------- -----------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
- ------------- -----------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 0.0831%
- ------------- -----------------------------------------------------------------
14. Type of Reporting Person (See Instructions) IN
-8-
<PAGE>
CUSIP NO. 73172K 10 4
- --------------------------------------------------------------------------------
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
Pasquale Romano
- ------------- -----------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)
(b)X
- ------------- -----------------------------------------------------------------
3. SEC Use Only
- ------------- -----------------------------------------------------------------
4. Source of Funds (See Instructions) PF
- ------------- -----------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
- ------------- -----------------------------------------------------------------
6. Citizenship or Place of Organization United States
- ------------- -----------------------------------------------------------------
- ------------- -----------------------------------------------------------------
7. Sole Voting Power 6,500
Number of -----------------------------------------------------------------
Shares
Beneficially 8. Shared Voting Power
Owned by -----------------------------------------------------------------
Each Reporting
Person With 9. Sole Dispositive Power 6,500
-----------------------------------------------------------------
10. Shared Dispositive Power
- ------------- -----------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
6,500
- ------------- -----------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
- ------------- -----------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 0.0082%
- ------------- -----------------------------------------------------------------
14. Type of Reporting Person (See Instructions) IN
-9-
<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
and Exchange Act of 1934, as amended (the "Act"), the undersigned hereby file
this statement on Schedule 13D on behalf of Michael R. Kourey, Brian L.
Hinman, Evan J. McDowell, Ardeshir Falaki, Alan D. Hagedorn, Thomas E.
Perkins, Gilbert J. Pearson and Pasquale Romano (each a "Reporting Person",
collectively the "Reporting Persons"), formerly comprising the management
team members of the Company. The Reporting Persons are making a 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 on 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, Ardeshir Falaki, Alan D.
Hagedorn, Michael R. Kourey, Gilbert J. Pearson and Thomas E. Perkins
are Chairman of the Board of Directors, General Manager Data, Vice
President Operations, Senior Vice President and CFO, Vice President of
Audio Engineering, and Director of Human Resources, respectively, of
the Company whose principal business offices address is 2584 Junction
Avenue, San Jose, California 95134. Evan J. McDowell and Pasquale
Romano are Vice President Sales, Supply Pro, Inc. and Vice President
Engineering, 2Wire, respectively.
(d) During the past five years, none of the Reporting Persons has been
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the past five years, none of the Reporting Persons was 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.
ITEM 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
ITEM 4 PURPOSE OF TRANSACTION
ITEM 5 INTEREST IN SECURITIES OF THE ISSUER
(a) See Rows 11 & 13 of the cover page for each Reporting Person.
-10-
<PAGE>
(b) See Rows 7-10 of the cover page for each Reporting Person.
(1) Includes 176,403 shares exercisable within 60 days of December 15,
1999
(2) Includes 51,249 shares exercisable within 60 days of December 15,
1999
(3) Includes 83,999 shares exercisable within 60 days of December 15,
1999
(4) Includes 6,667 shares exercisable within 60 days of December 15,
1999
(5) Includes 6,785 shares exercisable within 60 days of December 15,
1999
(6) Includes 9,541 shares exercisable within 60 days of December 15,
1999
<TABLE>
<CAPTION>
(c) Reporting Person Date Securities Price/Share Transaction
---------------- ---- ---------- ----------- -----------
<S> <C> <C> <C> <C>
Pearson 8/23/99 9,999 $4.50 Cash purchase of options
Pearson 8/24/99 1,000 $4.375 Same-day sale of options
Pearson 8/31/99 3,500 $4.375 Cash purchase of options
Hagedorn 10/7/99 30,000 $6.125 Cash purchase of options
Hagedorn 8/24/99 10,000 $6.125 Same-day sale of options
Falaki 8/24/99 10,000 $3.00 Same-day sale of options
</TABLE>
(d) Not Applicable
(e) The Reporting Persons are no longer a group. Evan J. McDowell and
Pasquale Romano have left the management team of the Company. Brian
Hinman, Ardeshir Falaki, Alan D. Hagedorn, Michael R. Kourey, Gilbert
J. Pearson and Thomas E. Perkins currently are the beneficial owners
of less than five (5) percent of the Common Stock of the Company.
ITEM 6 CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
ITEM 7 MATERIAL TO BE FILED AS EXHIBITS
Exhibit A: Agreement of dissolution of Polycom Management Team
as a group
-11-
<PAGE>
SIGNATURES
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 30, 1999
/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 Romano
----------------------------------
Pasquale Romano
-12-
<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit No Document Description
---------- --------------------
<S> <C>
A Agreement of dissolution of
Polycom Management Team as a group
</TABLE>
-13-
<PAGE>
EXHIBIT A
AGREEMENT OF DISSOLUTION OF POLYCOM MANAGEMENT TEAM AS A GROUP
The undersigned, comprising the remaining members of the Polycom
management team group, hereby agree to dissolve the Polycom Management Team
group as of December 31, 1999.
December 30, 1999
/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 Romano
----------------------------------
Pasquale Romano
-14-
