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*
CUPP B GARLAND

(Last) (First) (Middle)
2101 CITYWEST BLVD.

(Street)
HOUSTON TX 77042

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BMC SOFTWARE INC [ BMC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/03/2008
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)
Code V Amount (A) or (D) Price
Common Stock 06/03/2008 M 50,000 A $14.975 50,000 D
Common Stock 06/03/2008 M 50,000 A $14.73 100,000 D
Common Stock 06/03/2008 M 20,000 A $27.25 120,000 D
Common Stock 06/03/2008 S 120,000 D $39.1932 0 D
Common Stock 87,883 I(3) By Trust
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
Nonemployee Director Stock Option (Right to Buy)(1) $14.975 06/03/2008 M 50,000 08/24/2004 08/24/2014 Common Stock 50,000 $0 0 D
Nonemployee Director Stock Option (Right to Buy)(1) $14.73 06/03/2008 M 50,000 08/21/2004 08/21/2013 Common Stock 50,000 $0 0 D
Nonemployee Director Stock Option (Right to Buy) $27.25 06/03/2008 M 20,000 (2) 08/28/2010 Common Stock 20,000 $0 0 D
Explanation of Responses:
1. Stock option grant under BMC Software, Inc. 2002 Nonemployee Director Stock Option Plan, a 16b-3 Plan.
2. Option becomes exercisable in increments of 6.25% at the end of each three month period following grant date.
3. The reporting person is amending the Form 4 originally filed reporting that the shares were owned directly, to reporting that these shares are owned indirectly by The B. Garland Cupp Revocable Trust. The Trust is revocable by Mr. Cupp at any time without consent of any other person and Mr. Cupp retains investment and voting control over the shares held in The Trust.
Christopher C. Chaffin, Attorney in Fact for B. Garland Cupp 06/04/2008
** 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).
** 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.