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^*

HUGHES WILLIAM R

(Last)

(First)

(Middle)

3303 HILLVIEW AVENUE

(Street)

PALO ALTO

94304

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
TIBCO SOFTWARE INC [ TIBX ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, Gen Counsel & Secretary

3. Date of Earliest Transaction (Month/Day/Year)
09/28/2010

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	09/28/2010		M		15,354	A	$7.3	132,458	D
Common Stock	09/28/2010		S		15,354	D	$18.25⁽¹⁾	117,104	D
Common Stock	09/28/2010		M		12,500	A	$6.94	129,604	D
Common Stock	09/28/2010		S		12,500	D	$18.25⁽¹⁾	117,104	D
Common Stock	09/28/2010		M		14,323	A	$7.83	131,427	D
Common Stock	09/28/2010		S		14,323	D	$18.25⁽¹⁾	117,104	D
Common Stock	09/28/2010		M		25,000	A	$13.36	142,104	D
Common Stock	09/28/2010		S		25,000	D	$18.25⁽¹⁾	117,104	D
Common Stock	09/28/2010		M		18,799	A	$8.87	135,903	D
Common Stock	09/28/2010		S		18,799	D	$18.25⁽¹⁾	117,104	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)
Non-Qualified Stock Option (right to buy)	$6.94	09/28/2010		M			12,500	05/24/2009	04/24/2016	Common Stock	12,500	$0	32,292	D
Non-Qualified Stock Option (right to buy)	$7.3	09/28/2010		M			15,354	09/11/2006	08/11/2013	Common Stock	15,354	$0	0	D
Non-Qualified Stock Option (right to buy)	$7.83	09/28/2010		M			14,323	06/06/2008	05/06/2015	Common Stock	14,323	$0	26,042	D
Non-Qualified Stock Option (right to buy)	$8.87	09/28/2010		M			18,799	06/18/2007	05/18/2014	Common Stock	18,799	$0	11,167	D
Non-Qualified Stock Option (right to buy)	$13.36	09/28/2010		M			25,000	02/18/2002	01/18/2012	Common Stock	25,000	$0	0	D

Explanation of Responses:

1. Represents the weighted average sales price for all sales reported in the transaction by reporting person. The actual range of prices for the reported sales in the transaction is $18.11 to $18.36. Upon request, the reporting person will provide to the SEC's staff, the Issuer or its shareowners, full information regarding the number of shares sold at each separate price.

	By: Laura Malinasky, Attorney-in-Fact For: William R. Hughes	09/30/2010
	** 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).
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.