Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Meade Andrea D
  2. Issuer Name and Ticker or Trading Symbol
SCANSOURCE INC [SCSC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP Operations & Corp. Develop
(Last)
(First)
(Middle)
6 LOGUE COURT
3. Date of Earliest Transaction (Month/Day/Year)
11/06/2007
(Street)

GREENVILLE, SC 29615
4. If Amendment, Date 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
(City)
(State)
(Zip)
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)
Code V Amount (A) or (D) Price

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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) $ 12.68 11/06/2007   D(1)     2,000   (2) 01/02/2013 Common Stock 2,000 (1) 0 D  
Employee Stock Option (Right to Buy) $ 14.16 11/06/2007   A(1)   2,000     (2) 01/02/2013 Common Stock 2,000 (1) 2,000 D  
Employee Stock Option (Right to Buy) $ 23.06 11/06/2007   D(1)     4,400   (3) 01/02/2014 Common Stock 4,400 (1) 0 D  
Employee Stock Option (Right to Buy) $ 24.73 11/06/2007   A(1)   4,400     (3) 01/02/2014 Common Stock 4,400 (1) 4,400 D  
Employee Stock Option (Right to Buy) $ 29.7 11/06/2007   D(1)     4,400   (4) 01/05/2015 Common Stock 4,400 (1) 0 D  
Employee Stock Option (Right to Buy) $ 33.92 11/06/2007   A(1)   4,400     (4) 01/05/2015 Common Stock 4,400 (1) 4,400 D  
Employee Stock Option (Right to Buy) $ 27.48 11/06/2007   D(1)     4,400   (5) 01/05/2016 Common Stock 4,400 (1) 0 D  
Employee Stock Option (Right to Buy) $ 29.44 11/06/2007   A(1)   4,400     (5) 01/05/2016 Common Stock 4,400 (1) 4,400 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Meade Andrea D
6 LOGUE COURT
GREENVILLE, SC 29615
      EVP Operations & Corp. Develop  

Signatures

 By: /s/ Andrea D Meade   11/08/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The reporting person entered into an agreement, dated November 6, 2007, with ScanSource, Inc. ("the Company") to increase the exercise prices of the options to the fair market value of a share of the Company's common stock on the accounting measurement date for the grant, resulting in they deemed to be cancellation of the "old" options and the grant of replacement options.
(2) The option was originally granted on January 2, 2003 and vests in one-third increments on the anniversary of the grant date over three years.
(3) The option was originally granted on January 2, 2004 and vests in one-third increments on the anniversary of the grant date over three years.
(4) The option was orignally granted on January 5, 2005 and vests in one-third increments on the anniversary of the grant date over three years.
(5) The option was orignally granted on January 5, 2006 and vests in one-third increments on the anniversary of the grant date over three years.

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