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*
KARMANOS PETER

(Last) (First) (Middle)
ONE CAMPUS MARTIUS

(Street)
DETROIT MI 48226

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
COMPUWARE CORP [ CPWR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman of Board & CEO
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2009
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 04/13/2009 G(1) V 1,000 D $0(1) 163,449 I Revoc. Living Trust
Common stock 05/21/2009 G(2) V 20,148 D $0(2) 143,301 I Revoc. Living Trust
Common stock 05/28/2009 G(3) V 6,748 D $0(3) 136,553 I Revoc. Living Trust
Common stock 2,000,000(4) D
Common stock 459,996 I Bond Ltd. Partnership
Common stock 379,335 I ESOP/401K
Common stock 5,548,982(5) I Stock Ltd. Ptnrship
Common stock 47,272 I Trusts FBO Children
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
Restricted Stock Units $0(6) 06/10/2009 A 158,520 06/10/2010(7) (7) Common stock 158,520 $0(8) 158,520 D
Explanation of Responses:
1. Shares gifted to grandchild(ren).
2. Shares gifted to St. Nicholas Greek Orthodox Church.
3. Shares gifted to the Michigan Opera Theater.
4. Shares are subject to a previously reported prepaid forward contract.
5. 4,000,000 shares are subject to a previously reported prepaid forward contract.
6. 1 for 1
7. Granted under the 2007 Long Term Incentive Plan pursuant to the FY10 Executive Incentive Plan. The units vest over four years in annual 25% increments on the anniversary date of the award or immediately upon death, disability or change in control and are payable in common stock upon vesting.
8. The number of units was determined based on a percentage of salary as defined in the FY10 Executive Incentive Plan divided by the closing price per share on the trading date prior to the award date.
Remarks:
By: /s/ Daniel S. Follis, Jr., Attorney-in-Fact 06/12/2009
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.