X0202 4 2007-10-31 0001010552 POLYCOM INC PLCM 0001221530 HAGERTY ROBERT C 4750 WILLOW ROAD PLEASANTON CA 94588 1 1 0 0 President/CEO Common Stock 2007-10-31 4 M 0 10000 9.739 A 138806 I by Trust Common Stock 2007-10-31 4 S 0 10000 28.00 D 128806 I by Trust Common Stock 2648 D Nonqualified Stock Option (right to buy) 9.739 2007-10-31 4 M 0 10000 0 D 2003-10-23 2009-10-22 Common Stock 10000 10400 D The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan dated May 15, 2007, adopted by the reporting person in his capacity as Trustee of the Hagerty Living Trust. This option vests and becomes exercisable as to 25% of the total granted shares on the 12 month anniversary of the October 23, 2002 grant date and monthly thereafter in equal installments over the remaining 36 months. This number reflects a correction to the 40,400 share balance reported on Mr.Hagerty's Form 4 filing of 8/8/07. The accurate share balance on 8/8/07 was 20,400 shares. /s/Laura M. Balma, Power of Attorney for Robert C. Hagerty 2007-11-02