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^*

MILLER JEFFREY A

(Last)

(First)

(Middle)

6801 KOLL CENTER PARKWAY

(Street)

PLEASANTON

94566-7047

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
DOCUMENTUM INC [ DCTM ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/18/2003

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	12/18/2003		D		445,568	D	$0⁽¹⁾	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)
Option to Buy Common Stock	$12.3125	12/18/2003		D			400,000	10/09/1999⁽²⁾	10/09/2008	Common Stock	400,000	$0	0	D
Option to Buy Common Stock	$12.3125	12/18/2003		D			200,000	10/09/1999⁽³⁾	10/09/2008	Common Stock	200,000	$0	0	D
Option to Buy Common Stock	$6.2815	12/18/2003		D			200,000	04/14/2000⁽⁴⁾	04/14/2009	Common Stock	200,000	$0	0	D
Option to Buy Common Stock	$27.6565	12/18/2003		D			200,000	05/03/2001⁽⁵⁾	05/03/2010	Common Stock	200,000	$0	0	D
Option to Buy Common Stock	$17.54	12/18/2003		D			1,950	12/11/2002⁽⁶⁾	12/11/2011	Common Stock	1,950	$0	0	D

Explanation of Responses:

1. Disposed of pursuant to merger agreement between issuer and EMC Corporation in exchange for (i) 969,110 shares of EMC common stock having a market value of $12.85 per share on effective date of merger plus (ii) approximately $5.14 of cash in lieu for fractional share.

2. This option which provided for monthly vesting beginning 10/9/1999, was assumed by EMC in the merger and replaced with an option to purchase 870,000 shares of EMC for $5.67 per share.

3. This option which provided for monthly vesting beginning 10/9/99, was assumed by EMC in the merger and replaced with an option to purchase 435,000 shares of EMC for $5.67 per share.

4. This option which provides for monthly vesting beginning 4/14/2000, was assumed by EMC in the merger and replaced with an option to purchase 435,000 shares of EMC for $2.89 per share

5. This option which provides for monthly vesting beginning 5/3/01, was assumed by EMC in the merger and replaced with an option to purchase 435,000 shares of EMC for $12.72 per share

6. This option which provided for monthly vesting beginning 12/11/02, was assumed by EMC in the merger and replaced with an option to purchase 4,241 shares of EMC for $8.07 per share.

Remarks:

	Sayed Darwish as Attorney in Fact for Jeffrey Miller	12/22/2003
	** 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).
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