SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

SHEEHAN ANDREW T

(Last)

(First)

(Middle)

10145 PACIFIC HEIGHTS BLVD., SUITE 500

(Street)

SAN DIEGO

92121

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/15/2004

3. Issuer Name and Ticker or Trading Symbol
BAKBONE SOFTWARE INC [ BKBOF ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	42	I	By VantagePoint Venture Partners IV(Q), L.P.⁽¹⁾
Common Stock	37	I	By VantagePoint Venture Partners IV, L.P.⁽²⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Series A Preferred Stock	⁽⁴⁾	⁽⁴⁾	Common Stock	16,294,200	⁽⁴⁾	I	By VantagePoint Venture Partners IV(Q), L.P.⁽¹⁾
Series A Preferred Stock	⁽⁴⁾	⁽⁴⁾	Common Stock	1,633,200	⁽⁴⁾	I	By VantagePoint Venture Partners IV, L.P.⁽²⁾
Series A Preferred Stock	⁽⁴⁾	⁽⁴⁾	Common Stock	72,600	⁽⁴⁾	I	By VantagePoint Venture Partners IV Principals Fund, L.P.⁽³⁾
Options to Purchase Common Stock	04/24/2003	04/24/2013	Common Stock	150,000	$1.35⁽⁵⁾	D

Explanation of Responses:

1. The Reported Securities are directly held by VantagePoint Venture Partners IV(Q), L.P. and indirectly held by VantagePoint Venture Associates IV, LLC, its General Partner. Reporting Person is a Managing Director of VantagePoint Venture Partners and disclaims beneficial ownership of the Reported Securities except to the extent of his indirect pecuniary interest therein.

2. The Reported Securities are directly held by VantagePoint Venture Partners IV, L.P. and indirectly held by VantagePoint Venture Associates IV, LLC, its General Partner. Reporting Person is a Managing Director of VantagePoint Venture Partners and disclaims beneficial ownership of the Reported Securities except to the extent of his indirect pecuniary interest therein.

3. The Reported Securities are directly held by VantagePoint Venture Partners IV Principals Fund, L.P. and indirectly held by VantagePoint Venture Associates IV, LLC, its General Partner. Reporting Person is a Managing Director of VantagePoint Venture Partners and disclaims beneficial ownership of the Reported Securities except to the extent of his indirect pecuniary interest therein.

4. Each outstanding Series A Preferred Share may be converted one-for-one into a common share for no additional consideration at any time upon the election of a holder of the Series A Preferred Shares, and such conversion will occur immediately following certain events described in the Issuer's Share Provisions.

5. Exercise price is expressed in Canadian dollars.

	Andrew T. Sheehan	07/19/2004
	** 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 5 (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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