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)
11/09/2007

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	11/09/2007		S⁽²⁾		94,000⁽³⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾	D	$27.3503⁽³⁾⁽⁴⁾⁽⁵⁾⁽⁶⁾	4,943,000	I	By Trust⁽¹⁾
Common Stock	11/09/2007		S⁽⁷⁾		2,000⁽⁸⁾	D	$28.0755⁽⁸⁾	10,409	I	By Trust⁽⁹⁾
Common Stock	11/09/2007		S⁽¹⁰⁾		2,000⁽¹¹⁾	D	$28.07⁽¹¹⁾	10,409	I	By Trust⁽¹²⁾
Common Stock	11/12/2007		M		35,000	A	$6	35,000	D
Common Stock	11/12/2007		S⁽¹⁶⁾		35,000⁽¹³⁾⁽¹⁴⁾	D	$27.8649⁽¹³⁾⁽¹⁴⁾	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	11/12/2007		M			35,000	⁽¹⁵⁾	04/30/2016	Common Stock	35,000	$0	330,000	D

Explanation of Responses:

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

2. 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.

3. Sale price reflected here is an average of sales prices ranging from $26.37 to $28.31 per share, consisting of the following: 300 shares at $26.37, 100 shares at $26.38, 100 shares at $26.39, 500 shares at $26.40, 100 shares at $26.41, 100 shares at $26.42, 100 shares at $26.46, 400 shares at $26.50, 100 shares at $26.51, 500 shares at $26.52, 400 shares at $26.53, 400 shares at $26.54, 1320 shares at $26.55, 580 shares at $26.56, 100 shares at $26.57, 400 shares at $26.61, 200 shares at $26.63, 100 shares at $26.65, 200 shares at $26.66, 200 shares at $26.68, 100 shares at $26.71, 500 shares at $26.72, 100 shares at $26.73, 400 shares at $26.74, 1800 shares at $26.75, 800 shares at $26.76, 200 shares at $26.77, 1500 shares at $26.78, 500 shares at $26.79, 1500 shares at $26.80, 100 shares at $26.81, 100 shares at $26.82, 200 shares at $26.83, 600 shares at $26.84, 700 shares at $26.85, 1000 shares at $26.86, 100 shares at $26.87, 700 shares at $26.90, (continue to footnote 4)

4. (continued from footnote 3): 892 shares at $26.91, 1708 shares at $26.92, 300 shares at $26.93, 400 shares at $26.94, 200 shares at $26.95, 100 shares at $26.96, 600 shares at $26.97, 200 shares at $26.99, 600 shares at $27.00, 200 shares at $27.01, 700 shares at $27.02, 2900 shares at $27.12, 1799 shares at $27.13, 1701 shares at $27.14, 1200 shares at $27.15, 1981 shares at $27.16, 400 shares at $27.17, 1200 shares at $27.18, 1100 shares at $27.19, 2747 shares at $27.20, 1272 shares at $27.21, 600 shares at $27.22, 700 shares at $27.23, 700 shares at $27.24, 900 shares at $27.25, 100 shares at $27.27, 700 shares at $27.28, 300 shares at $27.30, 1000 shares at $27.31, 200 shares at $27.32, 500 shares at $27.33, 200 shares at $27.34, 100 shares at $27.35, 400 shares at $27.36, 417 shares at $27.37, 300 shares at $27.38, 600 shares at $27.40, 300 shares at $27.41, 110 shares at $27.42, 790 shares at $27.43, 500 shares at $27.44, 100 shares at $27.46, (continue to footnote 5)

5. (continued from footnote 4): 65 shares at $27.47, 630 shares at $27.49, 3795 shares at $27.50, 1200 shares at $27.51, 300 shares at $27.52, 100 shares at $27.53, 400 shares at $27.54, 1425 shares at $27.55, 325 shares at $27.56, 3269 shares at $27.57, 700 shares at $27.58, 700 shares at $27.59, 1019 shares at $27.60, 981 shares at $27.61, 1001 shares at $27.62, 1081 shares at $27.63, 1019 shares at $27.64, 599 shares at $27.65, 1900 shares at $27.66, 625 shares at $27.67, 900 shares at $27.68, 1656 shares at $27.69, 393 shares at $27.70, 1100 shares at $27.71, 650 shares at $27.72, 400 shares at $27.73, 250 shares at $27.75, 200 shares at $27.76, 1100 shares at $27.77, 500 shares at $27.78, 200 shares at $27.79, 200 shares at $27.80, 299 shares at $27.81, 1100 shares at $27.82, 1099 shares at $27.83, 662 shares at $27.84, 564 shares at $27.85, 1340 shares at $27.86, 500 shares at $27.87, 2611 shares at $27.88, 1225 shares at $27.89, 500 shares at $27.90, (continue to footnote 6)

6. (continued from footnote 5): 3500 shares at $27.91, 400 shares at $27.92, 200 shares at $27.93, 200 shares at $27.94, 54 shares at $27.96, 446 shares at $27.97, 200 shares at $28.00, 200 shares at $28.04, 100 shares at $28.10, 300 shares at $28.12, 100 shares at $28.15, 421 shares at $28.27, 279 shares at $28.28 and 200 shares at $28.31.

7. 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.

8. Sale price reflected here is an average of sales prices ranging from $27.95 to $28.31 per share, consisting of the following: 100 shares at $27.95, 500 shares at $27.97, 200 shares at $28.00, 200 shares at $28.02, 100 shares at $28.03, 100 shares at $28.04, 100 shares at $28.10, 100 shares at $28.11, 100 shares at $28.12, 100 shares at $28.14, 200 shares at $28.27, 100 shares at $28.28 and 100 shares at $28.31.

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

10. 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.

11. Sale price reflected here is an average of sales prices ranging from $27.95 to $28.31 per share, consisting of the following: 100 shares at $27.95, 500 shares at $27.97, 200 shares at $28.00, 100 shares at $28.01, 200 shares at $28.02, 100 shares at $28.04, 100 shares at $28.05, 100 shares at $28.10, 100 shares at $28.11, 100 shares at $28.12, 200 shares at $28.27, 100 shares at $28.28 and 100 shares at $28.31.

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

13. Sale price reflected here is an average of sales prices ranging from $27.45 to $28.31 per share, consisting of the following: 1400 shares at $27.45, 585 shares at $27.50, 915 shares at $27.53, 200 shares at $27.54, 400 shares at $27.55, 1200 shares at $27.56, 200 shares at $27.57, 500 shares at $27.58, 1800 shares at $27.60, 100 shares at $27.61, 1043 shares at $27.64, 609 shares at $27.65, 600 shares at $27.66, 198 shares at $27.67, 100 shares at $27.68, 200 shares at $27.69, 2077 shares at $27.71, 250 shares at $27.72, 600 shares at $27.75, 100 shares at $27.76, 500 shares at $27.77, 100 shares at $27.79, 100 shares at $27.80, 123 shares at $27.82, 100 shares at $27.83, 400 shares at $27.84, 100 shares at $27.86, 300 shares at $27.88, 100 shares at $27.89, 400 shares at $27.91, 215 shares at $27.92, 200 shares at $27.93, 285 shares at $27.94, 565 shares at $27.95, 500 shares at $27.96, 1150 shares at $27.97, 2912 shares at $27.98, 627 shares at $27.99, (continue to footnote 14)

14. (continued from footnote 13): 100 shares at $28.00, 1300 shares at $28.01, 900 shares at $28.02, 1273 shares at $28.03, 200 shares at $28.04, 5275 shares at $28.05, 400 shares at $28.06, 700 shares at $28.08, 200 shares at $28.09, 700 shares at $28.10, 600 shares at $28.11, 198 shares at $28.12, 100 shares at $28.14, 300 shares at $28.17, 200 shares at $28.29, 200 shares at $28.30 and 600 shares at $28.31.

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

16. Sales effected pursuant to a Rule 10b5-1 trading plan adopted on May 29, 2007 by the Reporting Person.

	/s/ Steven McCanne	11/13/2007
	** Signature of Reporting Person	Date
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