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^*

GARVEY WILLIAM P

(Last)

(First)

(Middle)

ACTUATE CORPORATION

701 GATEWAY BOULEVARD

(Street)

SOUTH SAN FRANCISCO

94080

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/16/2004

3. Issuer Name and Ticker or Trading Symbol
ACTUATE CORP [ ACTU ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP & General Counsel

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	52,195	D

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)
Option (right to buy)	10/14/1998⁽¹⁾	10/14/2007	Common Stock	12,000	$2.44	D
Option (right to buy)	09/09/2000⁽²⁾	09/09/2009	Common Stock	40,000	$1.49	D
Option (right to buy)	05/26/2001⁽³⁾	05/26/2010	Common Stock	60,000	$1.49	D
Option (right to buy)	10/29/2002⁽⁴⁾	10/29/2011	Common Stock	37,500	$3.75	D
Option (right to buy)	02/19/2005⁽⁵⁾	02/19/2014	Common Stock	50,000	$2.73	D

Explanation of Responses:

1. This option became fully exercisable on October 14, 2003.

2. This option became fully exercisable on September 9, 2003

3. The option is exercisable as to 25% of the shares on the first anniversary of the date of the grant and for the balance in a series of equal monthly installments over the following 36 months. The first anniversary date is stated.

4. The option is exercisable as to 25% of the shares on the first anniversary of the date of the grant and for the balance in a series of equal monthly installments over the following 36 months. The first anniversary date is stated.

5. This option will become exercisable as to 25% of the shares on February 19, 2005, with the balance becoming exercisable equally over the following 36 months.

	/s/ William Garvey	04/16/2004
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.