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*
RECHAN LESLIE J

(Last) (First) (Middle)
C/O SIEBEL SYSTEMS, INC.
2207 BRIDGEPOINTE PARKWAY

(Street)
SAN MATEO CA 94404

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SIEBEL SYSTEMS INC [ SEBL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP & GM, Americas Sales
3. Date of Earliest Transaction (Month/Day/Year)
07/15/2005
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 07/15/2005 P(1) V 3.4126 A $8.7(2) 1,246.4126(3) D
Common Stock 07/29/2005 M 12,000 A $0.001 14,488.4126(3) D
Common Stock 07/29/2005 F 4,290(4) D $8.4 10,198.4126(3) D
Common Stock 07/29/2005 M 10,000 A $0.001 20,198.4126(3) D
Common Stock 07/29/2005 F 3,575(4) D $8.4 16,623.4126(3) 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit $0 07/29/2005 A 200,000 07/29/2006(5) 07/29/2011 Common Stock 200,000 $0 200,000 D
Restricted Stock Unit $0.001 07/29/2005 J 10,000 07/29/2005 11/29/2005 Common Stock 10,000 $0 10,000 D
Restricted Stock Unit $0.001 07/29/2005 J 12,000 07/29/2005 07/29/2009 Common Stock 12,000 $0 48,000 D
Explanation of Responses:
1. On June 8, 2005, the Issuer declared a cash dividend of $0.025 per share, payable on July 15, 2005 to all holders of record at the close of business on June 30, 2005. The dividend paid on shares held by the Reporting Person in an employee stock purchase plan brokerage account was reinvested through an open market purchase.
2. Reflects the open market purchase price on July 15, 2005, the payment date for the dividend.
3. Ending balance of securities beneficially owned in lines 2 through 5 of Table I includes 1,242 shares purchased under the Siebel Systems, Inc. Employee Stock Purchase Plan on July 29, 2005.
4. Shares were withheld from issuance to satisfy tax obligation.
5. This Restricted Stock Unit vests 20% per year beginning on the first anniversary of the date of grant. The Restricted Stock Unit does not have an expiration date.
Leslie J Rechan 08/02/2005
** 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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