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^*

Murray Page

(Last)

(First)

(Middle)

950 W. MAUDE AVE.

(Street)

SUNNYVALE

94085-2801

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/27/2006

3. Issuer Name and Ticker or Trading Symbol
PALM INC [ PALM ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Vice President, Marketing

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	6,222	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)
Non-Qualified Stock Option (right to buy)⁽¹⁾	08/31/2003⁽²⁾	07/31/2013	Common Stock	15,054	$5.6	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	12/03/2005⁽³⁾	11/03/2015	Common Stock	30,000	$12.465	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	11/08/2004⁽⁴⁾	10/08/2014	Common Stock	20,000	$15.3	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	04/01/2005⁽⁵⁾	10/01/2014	Common Stock	9,796	$16.12	D

Explanation of Responses:

1. Palm, Inc. 1999 Stock Plan

2. Option granted on 7/31/03 for 77,418 shares vesting monthly over 3 years.

3. Option granted on 11/3/05 for 30,000 shares vesting monthly over 4 years.

4. Option granted on 10/8/04 for 20,000 shares vesting monthly over 4 years.

5. Option granted on 10/1/04 for Total 9,796 shares. 1,672 shares with 50% vested on 4/1/05 and the remaining 50% vested monthly over the next six months. 8,124 shares with 25% vested on 4/1/05 and the remaining 75% vested monthly over the next 18 months.

	By: Karen L. Harrison, Attorney-in-fact For: Page Murray	04/07/2006
	** 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.
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