SEC FORM 4

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Griffiths Gary A

(Last)

(First)

(Middle)

3979 FREEDOM CIRCLE

(Street)

SANTA CLARA

95054

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
WEBEX COMMUNICATIONS INC [ WEBX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President, Products

3. Date of Earliest Transaction (Month/Day/Year)
05/25/2007

4. If Amendment, Date of 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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/25/2007		U		1,303	D	$57	0	D
Common Stock	05/25/2007		M		417	A	$0⁽¹⁾	417	D
Common Stock	05/25/2007		F⁽²⁾		149	D	$57	268	D
Common Stock	05/25/2007		M		292	A	$0⁽¹⁾	560	D
Common Stock	05/25/2007		F⁽²⁾		104	D	$57	456	D
Common Stock	05/25/2007		M		417	A	$0⁽¹⁾	873	D
Common Stock	05/25/2007		F⁽²⁾		149	D	$57	724	D
Common Stock	05/25/2007		M		334	A	$0⁽¹⁾	1,058	D
Common Stock	05/25/2007		F⁽²⁾		119	D	$57	939	D
Common Stock	05/25/2007		D⁽³⁾		939	D	$57	0	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 (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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0⁽⁴⁾	05/25/2007		M			417	⁽⁵⁾	11/06/2016	Common Stock	417	$0	1,250	D
Restricted Stock Units	$0⁽⁴⁾	05/25/2007		M			292	⁽⁵⁾	11/06/2016	Common Stock	292	$0	875	D
Restricted Stock Units	$0⁽⁴⁾	05/25/2007		M			417	⁽⁵⁾	11/06/2016	Common Stock	417	$0	1,249	D
Restricted Stock Units	$0⁽⁴⁾	05/25/2007		M			334	⁽⁵⁾	11/06/2016	Common Stock	334	$0	1,000	D
Incentive Stock Option (right to buy)	$26.38	05/25/2007		D			15,160	⁽⁶⁾	02/06/2016	Common Stock	15,160	$0⁽⁶⁾	0	D
Non-Qualified Stock Option (right to buy)	$26.38	05/25/2007		D			74,840	⁽⁶⁾	02/06/2016	Common Stock	74,840	$0⁽⁶⁾	0	D
Restricted Stock Unit	$0⁽⁴⁾	05/25/2007		D			1,250	⁽⁶⁾	11/06/2016	Common Stock	1,250	$0⁽⁶⁾	0	D
Restricted Stock Unit	$0⁽⁴⁾	05/25/2007		D			1,249	⁽⁶⁾⁽⁷⁾	11/06/2016	Common Stock	1,249	$0⁽⁶⁾	0	D
Stock Appreciation Right	$38.37	05/25/2007		D			10,000	⁽⁶⁾	11/06/2016	Common Stock	10,000	$0⁽⁶⁾	0	D
Stock Appreciation Right	$38.37	05/25/2007		D			8,000	⁽⁶⁾	11/06/2016	Common Stock	8,000	$0⁽⁶⁾	0	D
Restricted Stock Unit	$0⁽⁴⁾	05/25/2007		D			875	⁽⁶⁾	11/06/2016	Common Stock	875	$0⁽⁶⁾	0	D
Restricted Stock Unit	$0⁽⁴⁾	05/25/2007		D			1,000	⁽⁶⁾⁽⁷⁾	11/06/2016	Common Stock	1,000	$0⁽⁶⁾⁽⁷⁾	0	D

Explanation of Responses:

1. RSU - no purchase price for this transaction

2. These shares were retained by the Issuer in order to meet the tax withholding obligations of the reporting person in connection with the vesting of an installment of the restricted stock award. The amount retained by the Issuer was not in excess of the amount of the tax liability.

3. Disposed of pursuant to the merger agreement between the Issuer and Cisco Systems, Inc. in exchange for $57.00 per share.

4. RSU - No exercise price

5. A portion of this RSU became immediately vested and exercisable upon closing of the tender offer by Cisco.

6. This equity award was assumed by Cisco in the merger and replaced with an equity award for shares of Cisco common stock determined by multiplying the number of Issuer shares underlying the equity award immediately prior to the effective time of the merger by the Option Exchange Ratio, at an exercise price per share, if applicable, equal to the exercise price of the Issuer equity award divided by the Option Exchange Ration. The Option Exchange Ratio is a fraction, the numerator of which is $57.00 per share and denominator is $26.07.

7. When granted by the Issuer, this RSU vested based on the achievement of certain performance targets. In connection with the assumption of the RSU by Cisco, it was amended such that it will vest over a period of time.

	/s/ David G. Farrington, Attorney-in-Fact For: Gary A. Griffiths	05/30/2007
	** Signature of Reporting Person	Date
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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