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^*

ADAMS ROBERT V

(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		M		5,000	A	$12	95,172	D
Common Stock	12/18/2003		M		10,000	A	$19.59	105,172	D
Common Stock	12/18/2003		D		105,172	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	12/18/2003		M			5,000	06/30/2002⁽²⁾	06/30/2012	Common Stock	5,000	$0	0	D
Option to Buy Common Stock	$19.59	12/18/2003		M			10,000	06/30/2003⁽²⁾	06/30/2013	Common Stock	10,000	$0	0	D
Option to Buy Common Stock	$35	12/18/2003		D			20,000	02/09/2000⁽³⁾	02/09/2010	Common Stock	20,000	$0	0	D

Explanation of Responses:

1. Disposed of pursuant to merger agreement between issuer and EMC Corporation in exchange for (i) 228,749 shares of EMC common stock having a market value of $12.85 per share on effective date of merger plus (ii) approximately $1.29 of cash in lieu for fractional share.

2. This option was granted under the Documentum Inc. 1995 Non-Employee Directors' Stock Option Plan. The option was exercisable immediately as to one-third of the shares and thereafter become exercisable in two equal annual installments. Any unvested shares at the closing of the merger with EMC Corporation became immediately exercisable.

3. This option which was granted under the Company's 1993 Equity Incentive Plan was immediately exercisable upon grant date and was assumed by EMC in the merger and replaced with an option to purchase 43,500 shares of EMC common stock for $16.10 per share.

Remarks:

	JoAnne Zinman as Attorney in Fact for Robert V. Adams	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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