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*
Gai David L

(Last) (First) (Middle)
2315 NORTH FIRST STREET

(Street)
SAN JOSE CA 95131

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BEA SYSTEMS INC [ BEAS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP Exec, WW Services
3. Date of Earliest Transaction (Month/Day/Year)
03/03/2008
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)
Code V Amount (A) or (D) Price
Common Stock 03/03/2008 M 35,000 A $12.74 75,412 D
Common Stock 03/03/2008 S 35,000 D $19.06 40,412 D
Common Stock 03/03/2008 M 23,437 A $8.27 63,849 D
Common Stock 03/03/2008 S 23,437 D $19.06 40,412 D
Common Stock 03/03/2008 M 53,125 A $7.96 93,537 D
Common Stock 03/03/2008 S 53,125 D $19.06 40,412 D
Common Stock 03/03/2008 M 21,250 A $7.98 61,662 D
Common Stock 03/03/2008 S 21,250 D $19.06 40,412 D
Common Stock 03/03/2008 M 50,000 A $10.94 90,412 D
Common Stock 03/03/2008 S 50,000 D $19.06 40,412 D
Common Stock 03/03/2008 M 32,812 A $13.27 73,224 D
Common Stock 03/03/2008 S 32,812 D $19.06 40,412 D
Common Stock 03/03/2008 M 33,333 A $12.74 73,745 D
Common Stock 03/03/2008 S 33,333 D $19.06 40,412 D
Common Stock 03/03/2008 M 66,667 A $12.81 107,079 D
Common Stock 03/03/2008 S 66,667 D $19 40,412 D
Common Stock(1) 03/03/2008 M 62,500 A $7.08 102,912 D
Common Stock(1) 03/03/2008 S 62,500 D $19.06 40,412 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) $7.08 03/03/2008 M 62,500(1) 09/01/2006(2) 09/01/2014 Common Stock 62,500 $0 12,500 D
Non-Qualified Stock Option (right to buy) $7.96 03/03/2008 M 53,125 04/13/2006(2) 04/13/2015 Common Stock 53,125 $0 21,875 D
Non-Qualified Stock Option (right to buy) $7.98 03/03/2008 M 21,250 05/02/2006(2) 05/02/2015 Common Stock 21,250 $0 8,750 D
Non-Qualified Stock Option (right to buy) $8.27 03/03/2008 M 23,437 05/19/2005(2) 05/19/2014 Common Stock 23,437 $0 1,563 D
Non-Qualified Stock Option (right to buy) $10.94 03/03/2008 M 50,000 11/23/2006(2) 11/23/2015 Common Stock 50,000 $0 0 D
Non-Qualified Stock Option (right to buy) $12.74 03/03/2008 M 33,333 08/11/2004(2) 08/20/2013 Common Stock 33,333 $0 0 D
Non-Qualified Stock Option (right to buy) $12.74 03/03/2008 M 35,000 03/31/2005(3) 03/31/2014 Common Stock 35,000 $0 0 D
Non-Qualified Stock Option (right to buy) $12.81 03/03/2008 M 66,667 01/11/2005(3) 08/20/2013 Common Stock 66,667 $0 0 D
Non-Qualified Stock Option (right to buy) $13.27 03/03/2008 M 32,812 05/10/2007(2) 05/10/2016 Common Stock 32,812 $0 42,188 D
Explanation of Responses:
1. Non-qualified stock option originally granted as to 100,000 shares. 25% of the option was exercised prior to becoming a reporting person.
2. 25% of the stock option shall vest and may be exercised on the one-year anniversary of the grant date, and thereafter an additional 1/48th of the stock option shall vest and may be exercised on each subsequent monthly anniversary of the grant date over the following thirty-six months. The stock option is completely vested in four years.
3. The vesting of this option was accelerated, and the option became fully vested and exercisable on 1/30/06, as per a resolution by the Board of Directors of the Company.
By: Robert F. Donohue For: David L. Gai 03/04/2008
** 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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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