SEC FORM 4

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^*

McCanne Steven

(Last)

(First)

(Middle)

C/O RIVERBED TECHNOLOGY, INC.

199 FREMONT ST.

(Street)

SAN FRANCISCO

94105

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Riverbed Technology, Inc. [ RVBD ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2007

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/07/2007		S⁽¹⁾		99,000⁽²⁾⁽³⁾	D	$42.1493⁽²⁾⁽³⁾	5,229,000	I	By Trust⁽⁴⁾
Common Stock	08/07/2007		S⁽⁵⁾		2,000⁽⁶⁾	D	$42.0724⁽⁶⁾	16,409	I	By Trust⁽⁷⁾
Common Stock	08/07/2007		S⁽⁸⁾		2,000⁽⁹⁾	D	$42.0396⁽⁹⁾	16,409	I	By Trust⁽¹⁰⁾
Common Stock	08/08/2007		M		35,000	A	$6	35,000	D
Common Stock	08/08/2007		S⁽¹⁴⁾		35,000⁽¹¹⁾⁽¹²⁾	D	$44.4088⁽¹¹⁾⁽¹²⁾	0	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$6	08/08/2007		M			35,000	⁽¹³⁾	04/30/2016	Common Stock	35,000	$0	365,000	D

Explanation of Responses:

1. Sales effected pursuant to a Rule 10b5-1 trading plan adopted on November 22, 2006 and amended on June 12, 2007 by Steven McCanne and Tamara R. White Trustees of the McCanne Family Trust dated July 8, 2002 and successor Trustees thereunder.

2. Sale price reflected here is an average of sales prices ranging from $41.83 to $43.19 per share, consisting of the following: 100 shares at $41.83, 200 shares at $41.84, 125 shares at $41.85, 550 shares at $41.89, 25 shares at $41.90, 600 shares at $41.91, 200 shares at $41.92, 400 shares at $41.93, 200 shares at $41.94, 12400 shares at $41.95, 700 shares at $41.96, 600 shares at $41.97, 379 shares at $41.98, 200 shares at $41.99, 2375 shares at $42.00, 2700 shares at $42.01, 3494 shares at $42.02, 5101 shares at $42.03, 2000 shares at $42.04, 3371 shares at $42.05, 3377 shares at $42.06, 3294 shares at $42.07, 1641 shares at $42.08, 1578 shares at $42.09, 10300 shares at $42.10, 3193 shares at $42.11, 5417 shares at $42.12, 2905 shares at $42.13, 4200 shares at $42.14, 2575 shares at $42.15, 2400 shares at $42.16, 2400 shares at $42.17, 425 shares at $42.18, 700 shares at $42.19, 1600 shares at $42.20, 1300 shares at $42.21, 400 shares at $42.22, (continue to footnote 3)

3. (continued from footnote 2): 700 shares at $42.23, 300 shares at $42.24, 375 shares at $42.25, 200 shares at $42.26, 500 shares at $42.27, 400 shares at $42.28, 200 shares at $42.29, 779 shares at $42.30, 321 shares at $42.31, 700 shares at $42.32, 200 shares at $42.33, 200 shares at $42.44, 400 shares at $42.46, 300 shares at $42.50, 100 shares at $42.51, 1000 shares at $42.55, 100 shares at $42.56, 200 shares at $42.57, 100 shares at $42.60, 100 shares at $42.61, 500 shares at $42.63, 252 shares at $42.64, 348 shares at $42.65, 100 shares at $42.66, 700 shares at $42.67, 800 shares at $42.68, 300 shares at $42.69, 676 shares at $42.71, 24 shares at $42.72, 200 shares at $42.76, 400 shares at $42.78, 100 shares at $42.79, 200 shares at $42.82, 100 shares at $42.84, 1100 shares at $42.86, 500 shares at $42.92, 300 shares at $42.93, 262 shares at $42.95, 200 shares at $42.96, 638 shares at $42.99, 100 shares at $43.01, 300 shares at $43.06, 200 shares at $43.15 and 100 shares at $43.19.

4. Shares held directly by Steven McCanne and Tamara R. White Trustees of the McCanne Family Trust dated July 8, 2002 and successor Trustees thereunder.

5. Sales effected pursuant to a Rule 10b5-1 trading plan adopted on November 22, 2006 and amended on June 12, 2007 by Steven McCanne Trustee of the McCanne K Trust u/a/d 7/21/00.

6. Sale price reflected here is an average of sales prices ranging from $41.83 to $42.63 per share, consisting of the following: 100 shares at $41.83, 200 shares at $41.91, 300 shares at $41.92, 100 shares at $42.01, 300 shares at $42.02, 195 shares at $42.03, 92 shares at $42.09, 5 shares at $42.10, 200 shares at $42.11, 100 shares at $42.15, 108 shares at $42.26, 200 shares at $42.27 and 100 shares at $42.63,

7. Shares held directly by Steven McCanne Trustee of the McCanne K Trust u/a/d 7/21/00.

8. Sales effected pursuant to a Rule 10b5-1 trading plan adopted on November 22, 2006 and amended on June 12, 2007 by Steven McCanne Trustee of the Steven McCanne Revocable Trust u/a/d 11/29/00.

9. Sale price reflected here is an average of sales prices ranging from $41.83 to $42.63 per share, consisting of the following: 100 shares at $41.83, 200 shares at $41.90, 300 shares at $41.91, 94 shares at $42.00, 200 shares at $42.01, 400 shares at $42.02, 106 shares at $42.04, 200 shares at $42.09, 200 shares at $42.11, 100 shares at $42.26 and 100 shares at $42.63.

10. Shares held directly by Steven McCanne Trustee of the Steven McCanne Revocable Trust u/a/d 11/29/00.

11. Sale price reflected here is an average of sales prices ranging from $44.02 to $44.89 per share, consisting of the following: 700 shares at $44.02, 400 shares at $44.03, 542 shares at $44.05, 200 shares at $44.07, 100 shares at $44.08, 1886 shares at $44.09, 300 shares at $44.10, 922 shares at $44.11, 1400 shares at $44.12, 200 shares at $44.13, 1750 shares at $44.14, 300 shares at $44.15, 300 shares at $44.16, 1050 shares at $44.17, 100 shares at $44.19, 45 shares at $44.21, 500 shares at $44.22, 1450 shares at $44.23, 400 shares at $44.24, 455 shares at $44.25, 200 shares at $44.26, 500 shares at $44.27, 400 shares at $44.30, 100 shares at $44.31, 400 shares at $44.34, 200 shares at $44.35, 100 shares at $44.37, 100 shares at $44.38, 200 shares at $44.39, 1100 shares at $44.40, 400 shares at $44.41, 1213 shares at $44.42, 863 shares at $44.43, 37 shares at $44.44, 400 shares at $44.46, 587 shares at $44.47, 800 shares at $44.48, 2000 shares at $44.49, (continue to footnote 12)

12. (continued from footnote 11): 400 shares at $44.50, 100 shares at $44.53, 100 shares at $44.55, 600 shares at $44.56, 300 shares at $44.59, 1700 shares at $44.61, 300 shares at $44.62, 100 shares at $44.63, 400 shares at $44.64, 1200 shares at $44.66, 600 shares at $44.67, 742 shares at $44.68, 1162 shares at $44.69, 101 shares at $44.70, 1237 shares at $44.71, 658 shares at $44.72, 400 shares at $44.77, 300 shares at $44.78, 800 shares at $44.80, 100 shares at $44.81, 300 shares at $44.86, 200 shares at $44.88 and 600 shares at $44.89.

13. Option becomes exercisable in monthly installments over a period of 48 months of continuous service after May 1, 2006.

14. Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 29, 2007.

	/s/ Steven McCanne	08/09/2007
	** Signature of Reporting Person	Date
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