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^*

SINGAPORE TECHNOLOGIES PTE LTD

(Last)

(First)

(Middle)

60B ORCHARD ROAD

#06-18 ORCHARD@ATRIUM TOWER 2

(Street)

238891

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
VERSANT CORP [ VSNT ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2004

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	12/31/2004		J⁽¹⁾		2,708,838	D	⁽¹⁾	0	I	See footnote⁽²⁾
Common Stock	12/31/2004		J⁽¹⁾		704,223	D	⁽¹⁾	0	I	See footnote⁽³⁾
Common Stock	12/31/2004		J⁽¹⁾		100,000	D	⁽¹⁾	0	I	See footnote⁽⁴⁾
Common Stock	12/31/2004		J⁽¹⁾		489,767	D	⁽¹⁾	0	I	See footnote⁽⁵⁾
Common Stock	12/31/2004		J⁽¹⁾		6,600	D	⁽¹⁾	0	I	See footnote⁽⁶⁾

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)
Common Stock Warrant (right to buy)	$1.66	12/31/2004		J⁽¹⁾			902,946	⁽⁹⁾	07/11/2005	Common Stock	902,946	⁽¹⁾	0	I	See footnote⁽⁷⁾
Common Stock Warrant (right to buy)	$1.66	12/31/2004		J⁽¹⁾			234,741	⁽⁹⁾	07/11/2005	Common Stock	234,741	⁽¹⁾	0	I	See footnote⁽⁸⁾

Explanation of Responses:

1. Until 12/31/04, Singapore Technologies Pte Ltd (STPL) was the indirect parent of Vertex Venture Holdings Ltd, which is the majority shareholder of (i) each of Vertex Technology Fund Pte Ltd (VTF), Vertex Technology Fund (II) Pte Ltd (VTF2), Vertex Investment International (I) Inc. (VII1) and Vertex Investment International III Inc. (VII3) and (ii) the majority shareholder of Vertex Management Pte Ltd (VM). On 12/31/04, STPL transferred for value its interest in the sole shareholder of VVH to an entity controlled by the majority shareholder of STPL. STPL disclaims beneficial ownership of these securities except to the extent of any pecuniary interest therein.

2. Shares held by VTF. See footnote 1 for relationship between VTF and STPL.

3. Shares held by VTF2. See footnote 1 for relationship between VTF2 and STPL.

4. Shares held by VII1. See footnote 1 for relationship between VII1 and STPL.

5. Shares held by VII3. See footnote 1 for relationship between VII3 and STPL.

6. Shares held by VM. See footnote 1 for relationship between VM and STPL.

7. Warrants held by VTF. See footnote 1 for relationship between VTF and STPL.

8. Warrants held by VTF2. See footnote 1 for relationship between VTF2 and STPL.

9. Immediately.

	Singapore Technologies Pte Ltd By: Tan Ai Ching, Director	05/19/2005
	** Signature of Reporting Person	Date
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