<html>
  <head>
    <title>
</title>
</head>
  <body bgcolor="#ffffff">
    <div>
      <div>
        <hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
        <hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>UNITED
        STATES</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
        AND EXCHANGE COMMISSION</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Washington,
        D.C. 20549</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>_____________________________</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>FORM
        8-K</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
        REPORT</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>PURSUANT
        TO SECTION 13 OR 15(d) OF THE</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
        EXCHANGE ACT OF 1934</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Date
        of Report:</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Date
        of
        earliest event reported)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>December
        15, 2005</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>____________________________</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>FORGENT
        NETWORKS, INC.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
        name of registrant as specified in charter)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div align="left">
        <table border="0" cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td valign="top" width="33%">
                <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Delaware</strong></font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(State
                  or other jurisdiction of incorporation or organization)</font></div>
              </td>
              <td valign="top" width="34%">
                <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>0-20008</strong></font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Commission
                  File Number)</font></div>
              </td>
              <td valign="top" width="33%">
                <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>74-2415696</strong></font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(IRS
                  Employer Identification No.)</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="33%">&#160;</td>
              <td valign="top" width="34%">
                <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>108
                  Wild Basin Road</strong></font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Austin,
                  Texas 78746</strong></font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address
                  of principal executive offices and zip code)</font></div>
              </td>
              <td valign="top" width="33%">&#160;</td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(512)
        437-2700</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Registrant's
        telephone </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">number,
        including area code)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>N/A</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Former
        name or former address, if changed since last report)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check
        the
        appropriate box below if the Form 8-K filing is intended to simultaneously
        satisfy the filing obligation of the Registrant under any of the following
        provisions (see General Instruction A.2. below): </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
        <div>
          <div align="left">
            <table cellpadding="0" cellspacing="0" width="100%">

                <tr>
                  <td align="justify" valign="top" width="5%" style="BORDER-BOTTOM: medium none">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">&#168;</font></div>
                  </td>
                  <td align="justify" valign="top" width="95%" style="BORDER-BOTTOM: medium none">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Written
                      communications pursuant to Rule 425 under the Securities Act
                      (17 CFR
                      230.425).</font></div>
                  </td>
                </tr>
                <tr>
                  <td align="justify" valign="top" width="5%">&#160;</td>
                  <td align="justify" valign="top" width="95%">&#160;</td>
                </tr>
                <tr>
                  <td align="justify" valign="top" width="5%" style="BORDER-BOTTOM: medium none">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">&#168;</font></div>
                  </td>
                  <td align="justify" valign="top" width="95%" style="BORDER-BOTTOM: medium none">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Soliciting
                      material pursuant to Rule 14a-12 under the Exchange Act (17
                      CFR
                      240.14a-12).</font></div>
                  </td>
                </tr>
                <tr>
                  <td align="justify" valign="top" width="5%">&#160;</td>
                  <td align="justify" valign="top" width="95%">&#160;</td>
                </tr>
                <tr>
                  <td align="justify" valign="top" width="5%" style="BORDER-BOTTOM: medium none">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">&#168;</font></div>
                  </td>
                  <td align="justify" valign="top" width="95%" style="BORDER-BOTTOM: medium none">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
                      communications pursuant to Rule 14d-2(b) under the Exchange
                      Act (17 CFR
                      240.14d-2(b)).</font></div>
                  </td>
                </tr>
                <tr>
                  <td align="justify" valign="top" width="5%">&#160;</td>
                  <td align="justify" valign="top" width="95%">&#160;</td>
                </tr>
                <tr>
                  <td align="justify" valign="top" width="5%" style="BORDER-BOTTOM: medium none">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">&#168;</font></div>
                  </td>
                  <td align="justify" valign="top" width="95%" style="BORDER-BOTTOM: medium none">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
                      communications pursuant to Rule 13e-4(c) under the Exchange
                      Act (17 CFR
                      240.13e-4(c)).</font></div>
                  </td>
                </tr>

            </table>
          </div>
        </div><br></div>
      <div>
        <hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
        <hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
      </div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">&#160;</div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
        </div>
      </div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Section
        1 - Registrant's Business and Operations</u></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
        1.01</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Entry
        into a Material Definitive Agreement.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
        connection with the expiration of the Rights Agreement between Forgent Networks,
        Inc. f/k/a VTEL Corporation (the "Company") and First National Bank of Boston,
        dated July 10, 1996 (the "Expiring Rights Agreement"), and the December 31,
        2005
        expiration of the associated rights issued thereunder, on December 15, 2005,
        the
        Board of Directors of the Company approved the execution of a new Rights
        Agreement (the "New Rights Agreement") between the Company and American Stock
        Transfer &amp; Trust Company, as Rights Agent (the "Rights Agent").</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
        implement the purpose of the new Rights Agreement, on December 15, 2005,
        the
        Board of Directors of the Company declared a dividend distribution of one
        Right
        for each outstanding share of common stock, par value $0.01 per share, of
        the
        Company (the "Common Stock"). The distribution is payable to the stockholders
        of
        record at the close of business on December 31, 2005, and is effective
        simultaneous with the expiration of the rights granted under the Expiring
        Rights
        Agreement. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Each
        newly issued Right will entitle the registered holder to purchase from the
        Company one one-thousandth of a share of Series A Preferred Stock, $0.01
        par
        value (the "Preferred Stock"), subject to adjustment, at a purchase price
        of
        $13,</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>&#160;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">subject
        to adjustment (the "Purchase Price"). The description and terms of the Rights
        are set forth in the New Rights Agreement, a copy of which is attached hereto
        as
        Exhibit 1.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Initially,
        the Rights will be attached to all Common Stock certificates representing
        shares
        then outstanding, and no separate Rights Certificates will be distributed.
        The
        Rights will separate from the Common Stock and a distribution date (the
        "Distribution Date") will occur upon the earlier of (i)&#160;10 days following
        the date (the "Stock Acquisition Date") of a public announcement that a person
        or group of affiliated or associated persons (an "Acquiring Person") has
        acquired, or obtained the right to acquire, beneficial ownership of 15% or
        more
        of the outstanding shares of Common Stock or (ii)&#160;10 business days
        following the commencement of a tender offer or exchange offer that would
        result
        in a person or group beneficially owning 15% or more of such outstanding
        shares
        of Common Stock. Until the Distribution Date, (i)&#160;the Rights will
        be
        evidenced by the Common Stock certificates (together with a copy of this
        Summary
        of Rights or bearing the notation referred to below) and will be transferred
        with and only with such Common Stock certificates, (ii)&#160;Common Stock
        certificates issued after December 31, 2005 will contain a notation
        incorporating the New Rights Agreement by reference and (iii)&#160;the
        surrender
        for transfer of any certificate for Common Stock outstanding (with or without
        a
        copy of this Summary of Rights) will also constitute the transfer of the
        Rights
        associated with the Common Stock represented by such certificate.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Rights are not exercisable until the Distribution Date and will expire at
        the
        close of business on December&#160;31, 2015, unless that date is extended
        or the
        Rights are earlier redeemed or exchanged by the Company as described below.
        As
        soon as practicable after the Distribution Date, Rights Certificates will
        be
        mailed to holders of record of the Common Stock as of the close of business
        on
        the Distribution Date and, thereafter, the separate Rights Certificates alone
        will represent the Rights.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">2</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Ten
        business days after any person or group announces a tender offer for 15%
        or more
        of the Company's outstanding Common Stock, the Rights will become exercisable.
        Thereafter, the Rights will trade separately from the Company's Common Stock
        and
        separate certificates representing the Rights will be issued, which will
        entitle
        the holder of a Right to purchase from the Company one one-thousandth of
        a share
        of Preferred Stock for the Purchase Price.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
        addition, if any person or group acquires 15% or more of the Common Stock,
        each
        Right not owned by the acquiror would become exercisable for the number of
        shares of the Company's Common Stock that at the time have a market value
        of two
        times the Purchase Price of the Right. For example, at a Purchase Price of
        $13
        per Right, each Right not owned by an Acquiring Person (or by certain related
        parties) following an event set forth in the preceding paragraph would entitle
        its holder to purchase $26 worth of Common Stock (or other consideration,
        as
        noted above) for $13. Assuming that the Common Stock had a per share value
        of $2
        at such time, the holder of each valid Right would be entitled to purchase
        13
        shares of Common Stock for $13.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If,
        after
        any person or group acquires 15% or more of the Common Stock, the Company
        is (i)
        acquired in a merger or other business transaction in which the Company is
        not
        the surviving corporation or the capital stock of the Company is exchanged
        for
        the capital stock of the acquiring company, or (ii) involved in a sale of
        at
        least 50% of its assets, then the Rights, under certain circumstances, will
        be
        modified so as to entitle the holder to buy a number of the acquiring company's
        common shares having a market value of two times the Purchase Price of each
        Right.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Purchase Price payable, and the number of securities or property issuable,
        upon
        exercise of the Rights are subject to adjustment from time to time to prevent
        dilution (i)&#160;in the event of a stock dividend on, or a subdivision,
        combination or reclassification of, the Common Stock or Preferred Stock,
        (ii)&#160;if holders of the Common Stock or Preferred Stock are granted
        certain
        rights or warrants to subscribe for shares or convertible securities at less
        than the current market price, or (iii)&#160;upon the distribution to holders
        of
        evidences of indebtedness or assets (excluding regular quarterly cash dividends)
        or of subscription rights or warrants (other than those referred to
        above).</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">With
        certain exceptions, no adjustment in the Purchase Price will be required
        until
        cumulative adjustments amount to at least 1% of the Purchase Price. No
        fractional Units will be issued and, in lieu thereof, an adjustment in cash
        will
        be made based on the market price of the Preferred Stock on the last trading
        date prior to the date of exercise.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
        general, at any time until 10 days after the Stock Acquisition Date, the
        Company
        may redeem the Rights in whole, but not in part, at a price of $.01 per Right
        in
        cash, shares of Common Stock or other consideration approved by the Board.
        Immediately upon the action of the Board of Directors ordering redemption
        of the
        Rights, the Rights will terminate and the only right of the holders of Rights
        will be to receive the $.0l redemption price.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
        addition, the Company may, at any time after any person or group acquires
        15%</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>&#160;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">or
        more
        of the Common Stock, exchange all or a portion of the outstanding and
        exercisable Rights for shares of Common Stock at an exchange ratio of one
        share
        of Common Stock per Right, subject to adjustment to reflect stock splits,
        stock
        dividends or similar transactions. Immediately upon the action of the Board
        of
        Directors ordering an exchange of Rights, the Rights so exchanged will terminate
        and the only right of the holders of such Rights will be to receive the shares
        of Common Stock in exchange.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">3</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Until
        a
        Right is exercised, the holder thereof, as such, will have no rights as a
        shareholder of the Company, including, without limitation, the right to vote
        or
        to receive dividends. While the distribution of the Rights will not be taxable
        to shareholders or to the Company, shareholders may, depending upon the
        circumstances, recognize taxable income in the event that the Rights become
        exercisable for Common Stock (or other consideration) of the Company or for
        common stock of the acquiring company as set forth above.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Other
        than those provisions relating to the rights and duties of the Rights Agent,
        any
        of the provisions of the New Rights Agreement may be amended by the Board
        of
        Directors of the Company prior to the Distribution Date. After the Distribution
        Date, the provisions of the New Rights Agreement may be amended by the Board
        in
        order to cure any ambiguity, to make changes which do not adversely affect
        the
        interests of holders of Rights (excluding the interest of any Acquiring Person),
        or to shorten or lengthen any time period under the New Rights Agreement;
        provided, however, that no amendment to adjust the time period governing
        redemption shall be made at such time as the Rights are not
        redeemable.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Rights have certain anti-takeover effects. Exercise of the Rights will cause
        substantial dilution to a person or group that attempts to acquire the Company
        on terms not approved by the Company's Board of Directors. The existence
        of
        Rights, however, should not affect an offer at a price which is fair to all
        stockholders and otherwise in the best interests of the Company and its
        stockholders as determined by the Board of Directors. The Rights should not
        interfere with any merger or other business combination approved by the Board
        of
        Directors since the Board of Directors may, at its option, at any time until
        ten
        days following the Stock Acquisition Date (as such period may be extended
        or
        shortened by the Board of Directors) redeem all but not less than all of
        the
        then outstanding Rights at the $.01</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>&#160;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">redemption
        price.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">A
        copy of
        the New Rights Agreement specifying the terms of the Rights is included as
        Exhibit&#160;4.1 to this filing and is incorporated herein by reference.
        This
        summary description of the Rights does not purport to be complete and is
        qualified in its entirety by reference to such exhibit. A copy of the New
        Rights
        Agreement is available free of charge from the Company for record holders
        of the
        Company's common stock. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Section
        3 - Securities and Trading Markets</u></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
        3.03</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Material
        Modification of Rights of Security Holders</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        information required by this item is included in Item&#160;1.01.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">4</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Section
        9 </u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>-</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>
        Financial Statements and Exhibits</u></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
        9.01(c)</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Exhibits.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

            <tr valign="top" style="LINE-HEIGHT: 1.25">
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.1</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>*</strong></font></div>
              </td>
              <td style="WIDTH: 36pt">&#160;</td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Rights
                  Agreement, dated as of December&#160;19, 2005, between Forgent
                  Networks,
                  Inc. and American Stock Transfer &amp; Trust Company, which includes the
                  form of Series A Preferred Stock, $0.01 par value, as Exhibit&#160;A,
                  the
                  form of Rights Certificate as Exhibit&#160;B, and the Summary
                  of Rights as
                  Exhibit&#160;C.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">*
        Filed
        herewith</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">5</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURES</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
        to the requirements of the Securities Exchange Act of 1934, the Registrant
        has
        duly caused this report to be signed on its behalf by the undersigned hereunto
        duly authorized.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
        <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" width="100%">

            <tr valign="top" bgcolor="#ffffff">
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>FORGENT
                NETWORKS, INC.</strong></font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date:
                December&#160;19, 2005</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:&#160;&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/&#160;Jay
                C. Peterson</font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td colspan="2"><font style="FONT-FAMILY: Times New Roman" size="1">&#160;</font></td>
              <td align="left">
                <hr style="COLOR: #000000" align="left" noshade size="2" width="80%"><font size="2">Chief
                Financial
                Officer</font></td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
        </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">6</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
        </div>
      </div>
    </div>
  </body>
</html>
{"company-data": {"conformed-name": "FORGENT NETWORKS  INC", "cik": "0000884144", "assigned-sic": "7373", "irs-number": "742415696", "state-of-incorporation": "DE", "fiscal-year-end": "0731"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-20008", "film-number": "051273440"}, "business-address": {"street1": "108 WILD BASIN RD", "city": "AUSTIN", "state": "TX", "zip": "78746", "phone": "5124372700"}, "mail-address": {"street1": "108 WILD BASIN RD", "city": "AUSTIN", "state": "TX", "zip": "78746"}, "former-company": [{"former-conformed-name": "VTEL CORP", "date-changed": "19960401"}, {"former-conformed-name": "VIDEO TELECOM CORP", "date-changed": "19960401"}]}
UNITED
        STATES
SECURITIES
        AND EXCHANGE COMMISSION
Washington,
        D.C. 20549
_____________________________
FORM
        8-K
CURRENT
        REPORT
PURSUANT
        TO SECTION 13 OR 15(d) OF THE
SECURITIES
        EXCHANGE ACT OF 1934
Date
        of Report:
(Date
        of
        earliest event reported)
December
        15, 2005
____________________________
FORGENT
        NETWORKS, INC.
(Exact
        name of registrant as specified in charter)
Delaware
(State
                  or other jurisdiction of incorporation or organization)
0-20008
(Commission
                  File Number)
74-2415696
(IRS
                  Employer Identification No.)
108
                  Wild Basin Road
Austin,
                  Texas 78746
(Address
                  of principal executive offices and zip code)
(512)
        437-2700
(Registrant's
        telephone
number,
        including area code)
N/A
(Former
        name or former address, if changed since last report)
Check
        the
        appropriate box below if the Form 8-K filing is intended to simultaneously
        satisfy the filing obligation of the Registrant under any of the following
        provisions (see General Instruction A.2. below):
¨
Written
                      communications pursuant to Rule 425 under the Securities Act
                      (17 CFR
                      230.425).
¨
Soliciting
                      material pursuant to Rule 14a-12 under the Exchange Act (17
                      CFR
                      240.14a-12).
¨
Pre-commencement
                      communications pursuant to Rule 14d-2(b) under the Exchange
                      Act (17 CFR
                      240.14d-2(b)).
¨
Pre-commencement
                      communications pursuant to Rule 13e-4(c) under the Exchange
                      Act (17 CFR
                      240.13e-4(c)).
Section
        1 - Registrant's Business and Operations
Item
        1.01
Entry
        into a Material Definitive Agreement.
In
        connection with the expiration of the Rights Agreement between Forgent Networks,
        Inc. f/k/a VTEL Corporation (the "Company") and First National Bank of Boston,
        dated July 10, 1996 (the "Expiring Rights Agreement"), and the December 31,
        2005
        expiration of the associated rights issued thereunder, on December 15, 2005,
        the
        Board of Directors of the Company approved the execution of a new Rights
        Agreement (the "New Rights Agreement") between the Company and American Stock
        Transfer & Trust Company, as Rights Agent (the "Rights Agent").
To
        implement the purpose of the new Rights Agreement, on December 15, 2005,
        the
        Board of Directors of the Company declared a dividend distribution of one
        Right
        for each outstanding share of common stock, par value $0.01 per share, of
        the
        Company (the "Common Stock"). The distribution is payable to the stockholders
        of
        record at the close of business on December 31, 2005, and is effective
        simultaneous with the expiration of the rights granted under the Expiring
        Rights
        Agreement.
Each
        newly issued Right will entitle the registered holder to purchase from the
        Company one one-thousandth of a share of Series A Preferred Stock, $0.01
        par
        value (the "Preferred Stock"), subject to adjustment, at a purchase price
        of
        $13,
subject
        to adjustment (the "Purchase Price"). The description and terms of the Rights
        are set forth in the New Rights Agreement, a copy of which is attached hereto
        as
        Exhibit 1.
Initially,
        the Rights will be attached to all Common Stock certificates representing
        shares
        then outstanding, and no separate Rights Certificates will be distributed.
        The
        Rights will separate from the Common Stock and a distribution date (the
        "Distribution Date") will occur upon the earlier of (i) 10 days following
        the date (the "Stock Acquisition Date") of a public announcement that a person
        or group of affiliated or associated persons (an "Acquiring Person") has
        acquired, or obtained the right to acquire, beneficial ownership of 15% or
        more
        of the outstanding shares of Common Stock or (ii) 10 business days
        following the commencement of a tender offer or exchange offer that would
        result
        in a person or group beneficially owning 15% or more of such outstanding
        shares
        of Common Stock. Until the Distribution Date, (i) the Rights will
        be
        evidenced by the Common Stock certificates (together with a copy of this
        Summary
        of Rights or bearing the notation referred to below) and will be transferred
        with and only with such Common Stock certificates, (ii) Common Stock
        certificates issued after December 31, 2005 will contain a notation
        incorporating the New Rights Agreement by reference and (iii) the
        surrender
        for transfer of any certificate for Common Stock outstanding (with or without
        a
        copy of this Summary of Rights) will also constitute the transfer of the
        Rights
        associated with the Common Stock represented by such certificate.
The
        Rights are not exercisable until the Distribution Date and will expire at
        the
        close of business on December 31, 2015, unless that date is extended
        or the
        Rights are earlier redeemed or exchanged by the Company as described below.
        As
        soon as practicable after the Distribution Date, Rights Certificates will
        be
        mailed to holders of record of the Common Stock as of the close of business
        on
        the Distribution Date and, thereafter, the separate Rights Certificates alone
        will represent the Rights.
2
Ten
        business days after any person or group announces a tender offer for 15%
        or more
        of the Company's outstanding Common Stock, the Rights will become exercisable.
        Thereafter, the Rights will trade separately from the Company's Common Stock
        and
        separate certificates representing the Rights will be issued, which will
        entitle
        the holder of a Right to purchase from the Company one one-thousandth of
        a share
        of Preferred Stock for the Purchase Price.
In
        addition, if any person or group acquires 15% or more of the Common Stock,
        each
        Right not owned by the acquiror would become exercisable for the number of
        shares of the Company's Common Stock that at the time have a market value
        of two
        times the Purchase Price of the Right. For example, at a Purchase Price of
        $13
        per Right, each Right not owned by an Acquiring Person (or by certain related
        parties) following an event set forth in the preceding paragraph would entitle
        its holder to purchase $26 worth of Common Stock (or other consideration,
        as
        noted above) for $13. Assuming that the Common Stock had a per share value
        of $2
        at such time, the holder of each valid Right would be entitled to purchase
        13
        shares of Common Stock for $13.
If,
        after
        any person or group acquires 15% or more of the Common Stock, the Company
        is (i)
        acquired in a merger or other business transaction in which the Company is
        not
        the surviving corporation or the capital stock of the Company is exchanged
        for
        the capital stock of the acquiring company, or (ii) involved in a sale of
        at
        least 50% of its assets, then the Rights, under certain circumstances, will
        be
        modified so as to entitle the holder to buy a number of the acquiring company's
        common shares having a market value of two times the Purchase Price of each
        Right.
The
        Purchase Price payable, and the number of securities or property issuable,
        upon
        exercise of the Rights are subject to adjustment from time to time to prevent
        dilution (i) in the event of a stock dividend on, or a subdivision,
        combination or reclassification of, the Common Stock or Preferred Stock,
        (ii) if holders of the Common Stock or Preferred Stock are granted
        certain
        rights or warrants to subscribe for shares or convertible securities at less
        than the current market price, or (iii) upon the distribution to holders
        of
        evidences of indebtedness or assets (excluding regular quarterly cash dividends)
        or of subscription rights or warrants (other than those referred to
        above).
With
        certain exceptions, no adjustment in the Purchase Price will be required
        until
        cumulative adjustments amount to at least 1% of the Purchase Price. No
        fractional Units will be issued and, in lieu thereof, an adjustment in cash
        will
        be made based on the market price of the Preferred Stock on the last trading
        date prior to the date of exercise.
In
        general, at any time until 10 days after the Stock Acquisition Date, the
        Company
        may redeem the Rights in whole, but not in part, at a price of $.01 per Right
        in
        cash, shares of Common Stock or other consideration approved by the Board.
        Immediately upon the action of the Board of Directors ordering redemption
        of the
        Rights, the Rights will terminate and the only right of the holders of Rights
        will be to receive the $.0l redemption price.
In
        addition, the Company may, at any time after any person or group acquires
        15%
or
        more
        of the Common Stock, exchange all or a portion of the outstanding and
        exercisable Rights for shares of Common Stock at an exchange ratio of one
        share
        of Common Stock per Right, subject to adjustment to reflect stock splits,
        stock
        dividends or similar transactions. Immediately upon the action of the Board
        of
        Directors ordering an exchange of Rights, the Rights so exchanged will terminate
        and the only right of the holders of such Rights will be to receive the shares
        of Common Stock in exchange.
3
Until
        a
        Right is exercised, the holder thereof, as such, will have no rights as a
        shareholder of the Company, including, without limitation, the right to vote
        or
        to receive dividends. While the distribution of the Rights will not be taxable
        to shareholders or to the Company, shareholders may, depending upon the
        circumstances, recognize taxable income in the event that the Rights become
        exercisable for Common Stock (or other consideration) of the Company or for
        common stock of the acquiring company as set forth above.
Other
        than those provisions relating to the rights and duties of the Rights Agent,
        any
        of the provisions of the New Rights Agreement may be amended by the Board
        of
        Directors of the Company prior to the Distribution Date. After the Distribution
        Date, the provisions of the New Rights Agreement may be amended by the Board
        in
        order to cure any ambiguity, to make changes which do not adversely affect
        the
        interests of holders of Rights (excluding the interest of any Acquiring Person),
        or to shorten or lengthen any time period under the New Rights Agreement;
        provided, however, that no amendment to adjust the time period governing
        redemption shall be made at such time as the Rights are not
        redeemable.
The
        Rights have certain anti-takeover effects. Exercise of the Rights will cause
        substantial dilution to a person or group that attempts to acquire the Company
        on terms not approved by the Company's Board of Directors. The existence
        of
        Rights, however, should not affect an offer at a price which is fair to all
        stockholders and otherwise in the best interests of the Company and its
        stockholders as determined by the Board of Directors. The Rights should not
        interfere with any merger or other business combination approved by the Board
        of
        Directors since the Board of Directors may, at its option, at any time until
        ten
        days following the Stock Acquisition Date (as such period may be extended
        or
        shortened by the Board of Directors) redeem all but not less than all of
        the
        then outstanding Rights at the $.01
redemption
        price.
A
        copy of
        the New Rights Agreement specifying the terms of the Rights is included as
        Exhibit 4.1 to this filing and is incorporated herein by reference.
        This
        summary description of the Rights does not purport to be complete and is
        qualified in its entirety by reference to such exhibit. A copy of the New
        Rights
        Agreement is available free of charge from the Company for record holders
        of the
        Company's common stock.
Section
        3 - Securities and Trading Markets
Item
        3.03
Material
        Modification of Rights of Security Holders
The
        information required by this item is included in Item 1.01.
4
Section
        9
-
Financial Statements and Exhibits
Item
        9.01(c)
Exhibits.
4.1
*
Rights
                  Agreement, dated as of December 19, 2005, between Forgent
                  Networks,
                  Inc. and American Stock Transfer & Trust Company, which includes the
                  form of Series A Preferred Stock, $0.01 par value, as Exhibit A,
                  the
                  form of Rights Certificate as Exhibit B, and the Summary
                  of Rights as
                  Exhibit C.
*
        Filed
        herewith
5
SIGNATURES
Pursuant
        to the requirements of the Securities Exchange Act of 1934, the Registrant
        has
        duly caused this report to be signed on its behalf by the undersigned hereunto
        duly authorized.
FORGENT
                NETWORKS, INC.
Date:
                December 19, 2005
By:
/s/ Jay
                C. Peterson
Chief
                Financial
                Officer
6