UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

December 14, 2006

PERVASIVE SOFTWARE INC.

(Exact name of registrant as specified in its charter)

Delaware	0-23043	74-2693793
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

12365 Riata Trace Parkway

Building B, Austin, Texas 78727

(Address of principal executive offices, including zip code)

(512) 231-6000

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

As of December 14, 2006, Pervasive Software Inc. (the “Company”) has acquired 683,800 shares of the Company’s common stock on the open market at a total cost of approximately $2.5 million, or approximately $3.70 price per share, during the quarter ending December 31, 2006. The Company has now fully utilized the authorized repurchase funds under its $5.0 million stock repurchase program announced in July 2006. The Company’s Board of Directors has approved a new stock repurchase plan effective December 14, 2006, whereby the Company may repurchase additional shares of its common stock with a value of up to $5.0 million. Under the Company’s prior three repurchase programs, more than 3,391,000 shares of the Company’s common stock have been acquired on the open market at a total cost of approximately $12.4 million. Depending on market conditions and other factors, such purchases may be commenced or suspended at any time without prior notice.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

PERVASIVE SOFTWARE INC.
By:	/s/ John Farr
	John Farr President and Chief Executive Officer

Date: December 15, 2006