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^*

LEVINE PETER

(Last)

(First)

(Middle)

851 WEST CYPRESS CREEK ROAD

(Street)

FORT LAUDERDALE

33309

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
10/19/2007

3. Issuer Name and Ticker or Trading Symbol
CITRIX SYSTEMS INC [ CTXS ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, Delivery Systems Division

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	107,358⁽¹⁾	I	By SP Partners LLC

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)
Stock Option (Right to Buy)	10/19/2008⁽²⁾	10/19/2012	Common Stock	794,486	$0.72	D
Stock Option (Right to Buy)	10/19/2008⁽²⁾	10/19/2012	Common Stock	268,452	$3.27	D
Stock option (Right to Buy)	10/19/2008⁽²⁾	10/19/2012	Common Stock	122,589	$15.5	D

Explanation of Responses:

1. Shares received as merger consideration by SP Partners LLC, an entity of which reporting person in a general partner, pursuant to the acquisition of XenSource, Inc. by Citrix Systems, Inc. The reporting person disclaims beneficial ownership with such shares, except to the extent of his pecuniary interest therein.

2. Options assumed by Citrix Systems, Inc. pursuant to the acquisition of XenSource, Inc. This issuance of such options was approved by the Board of Directors of Citrix Systems, Inc. pursuant to Rule 16b-3 under the Securities and Exchange Act of 1934, as amended. Stock Options vest at a rate of 1/3 of the shares underlying the stock options one year from the date of grant and at a rate of 1/36 monthly thereafter. The Stock Options expire on October 19, 2012.

Remarks:

	/s/Lynn k. Gefen, Attorney-in Fact for Peter Levine	10/29/2007
	** 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).
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