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^*

LISSY DAVID H

(Last)

(First)

(Middle)

200 TALCOTT AVENUE SOUTH

(Street)

WATERTOWN

02472

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BRIGHT HORIZONS FAMILY SOLUTIONS INC [ BFAM ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
05/28/2008

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	05/28/2008		D		39,384	D	$0⁽¹⁾	77,178	D
Common Stock	05/28/2008		D		77,178	D	$48.25⁽²⁾	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)
Stock Options (Right to buy)	$12.03	05/28/2008		D			59,050	⁽³⁾	12/13/2011	Common Stock	59,050	⁽⁴⁾	0	D
Stock Options (Right to buy)	$13.295	05/28/2008		D			18,000	⁽³⁾	03/06/2013	Common Stock	18,000	⁽⁵⁾	0	D
Stock Options (Right to buy)	$13.82	05/28/2008		D			1,632	⁽³⁾	05/22/2011	Common Stock	1,632	⁽⁴⁾	0	D
Stock Options (Right to buy)	$14.3	05/28/2008		D			40,910	⁽³⁾	02/14/2012	Common Stock	40,910	⁽⁶⁾	0	D
Stock Options (Right to buy)	$34.44	05/28/2008		D			43,030	⁽³⁾	02/28/2012	Common Stock	43,030	⁽⁵⁾	0	D
Stock Options (Right to buy)	$36.63	05/28/2008		D			34,510	⁽³⁾	02/16/2013	Common Stock	34,510	⁽⁵⁾	0	D
Stock Options (Right to buy)	$41.88	05/28/2008		D			28,800	⁽³⁾	02/20/2014	Common Stock	28,800	⁽⁵⁾	0	D

Explanation of Responses:

1. Disposed of in connection with the merger in exchange for an equity interest in the surviving corporation. In connection with the merger, the issuer's common stock was valued at $48.25 per share.

2. Disposed of in connection with the merger in exchange for the right to receive $48.25 per share.

3. Immediately before the effective time of the merger, all unvested options become fully vested and exercisable.

4. These options were cancelled in the previously announced merger of Bright Horizons Family Solutions with an affiliate of Bain Capital Partners in exchange for a cash payment equal to the difference between the exercise price of the option and the merger consideration of $48.25 per share, multiplied by the number of shares subject to the option.

5. These options were rolled over into the surviving corporation in the merger and replaced with new options.

6. 32,900 of these options were cancelled in the merger in exchange for a cash payment equal to the difference between the exercise price of the option and the merger consideration of $48.25 per share, multiplied by the number of shares subject to the option. 8,000 of these options were rolled over into the surviving corporation in the merger and replaced with new options.

	Elizabeth J. Boland	05/28/2008
	** 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).
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