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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* WITTE JOCHEN (Last) (First) (Middle) POET SOFTWARE CORP. & GMBH WIESENKAMP 22B (Street) HAMBURG 2M 22359 (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) X Director 10% Owner X Officer (give title below) Other (specify below) President, European Operations
	3. Date of Earliest Transaction (Month/Day/Year) 03/18/2004
	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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/18/2004		A		416,803	A	$0(1)	416,803	D
Common Stock	03/18/2004		A		151,200	A	$0(1)	151,200	I	by Spouse

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option (right to buy)	$0.35	03/18/2004		A(2)		70,000		(3)	09/05/2012	Common Stock	70,000	$0	70,000	D
Non-Qualified Stock Option (right to buy)	$0.44	03/18/2004		A(2)		140,000		03/01/2007	03/23/2013	Common Stock	140,000	$0	140,000	D
Non-Qualified Stock Option (right to buy)	$1.05	03/18/2004		A(2)		28,000		(4)	01/24/2012	Common Stock	28,000	$0	28,000	D
Non-Qualified Stock Option (right to buy)	$2.75	03/18/2004		A(2)		42,000		(5)	04/20/2011	Common Stock	42,000	$0	42,000	D
Non-Qualified Stock Option (right to buy)	$0.39	03/18/2004		A(2)		700		01/01/2002	06/15/2008	Common Stock	700	$0	700	I	by Spouse
Non-Qualified Stock Option (right to buy)	$0.54	03/18/2004		A(2)		2,100		(4)	05/07/2012	Common Stock	2,100	$0	2,100	I	by Spouse
Non-Qualified Stock Option (right to buy)	$0.7	03/18/2004		A(2)		1,400		(6)	01/20/2013	Common Stock	1,400	$0	1,400	I	by Spouse
Non-Qualified Stock Option (right to buy)	$3.57	03/18/2004		A(2)		700		07/01/2003	07/13/2009	Common Stock	700	$0	700	I	by Spouse

Explanation of Responses:

1. Received in exchange for shares of Poet Holdings Inc. ("Poet") common stock that were converted into shares of Versant Corporation ("Versant") common stock pursuant to the merger of Puma Acquisition Inc., a wholly-owned subsidiary of Versant, into Poet (the "Merger"). The conversion rate at which Poet shares were converted into Versant shares in the Merger was 1.40 shares of Versant common stock for one share of Poet common stock. On the effective date of the Merger, the closing price of Poet common stock was 2.40 EUR (approximately $2.94 USD) and the closing price of Versant common stock was $2.24.

2. Options received upon the assumption and conversion of outstanding Poet stock options pursuant to the Merger. Stock options were assumed and converted at the conversion rate of 1.40 shares (options) of Versant common stock for one share of Poet common stock. A proportional adjustment was made to the option exercise price.

3. Vests as to 25% on 9/1/03 and 1/48th per month thereafter until 9/1/06 when vested in full.

4. Vests as to 25% on 1/1/03 and vests at 1/48th per month thereafter until 1/1/06 when vested in full.

5. Vests as to 25% on 5/1/02 and 1/48th per month thereafter until 5/1/05 when vested in full.

6. Vests as to 25% on 1/1/04 and 1/48th per month thereafter until 1/1/07, when vested in full.

	By: R. Steckhahn as Power of Attorney For: Jochen Witte	03/22/2004
	** 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 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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