-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001181431-06-062539.txt : 20061108
<SEC-HEADER>0001181431-06-062539.hdr.sgml : 20061108
<ACCEPTANCE-DATETIME>20061108190858
ACCESSION NUMBER:		0001181431-06-062539
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20061106
FILED AS OF DATE:		20061108
DATE AS OF CHANGE:		20061108

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MERCURY INTERACTIVE CORP
		CENTRAL INDEX KEY:			0000867058
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				770224776
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		379 N. WHISMAN ROAD
		CITY:			MOUNTAIN VIEW
		STATE:			CA
		ZIP:			94043-3969
		BUSINESS PHONE:		6506035300

	MAIL ADDRESS:	
		STREET 1:		379 N. WHISMAN ROAD
		CITY:			MOUNTAIN VIEW
		STATE:			CA
		ZIP:			94043-3969

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MERCURY INTERACTIVE CORPORATION
		DATE OF NAME CHANGE:	19930910

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Scarlat Yuval
		CENTRAL INDEX KEY:			0001204303

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22350
		FILM NUMBER:		061199088

	BUSINESS ADDRESS:	
		STREET 1:		C/O MERCURY INTERACTIVE CORPORATION
		STREET 2:		1325 BORREGAS AVENUE
		CITY:			SUNNYVALE
		STATE:			CA
		ZIP:			94089
		BUSINESS PHONE:		650-603-5200

	MAIL ADDRESS:	
		STREET 1:		MERCURY INTERACTIVE
		STREET 2:		379 N. WHISMAN ROAD
		CITY:			MOUNTAIN VIEW
		STATE:			CA
		ZIP:			94043

	FORMER NAME:	
		FORMER CONFORMED NAME:	SCARLAT YUVAL
		DATE OF NAME CHANGE:	20021107
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd135604.xml
<DESCRIPTION>SCARLAT FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-11-06</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0000867058</issuerCik>
        <issuerName>MERCURY INTERACTIVE CORP</issuerName>
        <issuerTradingSymbol>MERQ</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001204303</rptOwnerCik>
            <rptOwnerName>Scarlat Yuval</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>379 N. WHISMAN RD.</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>MOUNTAIN VIEW</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94043</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Sr. VP of Products</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2006-11-06</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>D</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>517</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>22.93</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
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            <transactionDate>
                <value>2006-11-06</value>
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            <transactionAmounts>
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                    <value>100000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>11.2812</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
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            <expirationDate>
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            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
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                <underlyingSecurityShares>
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                </underlyingSecurityShares>
            </underlyingSecurity>
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            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
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            <conversionOrExercisePrice>
                <value>29.29</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2006-11-06</value>
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            <transactionCoding>
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                <transactionCode>D</transactionCode>
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            <transactionAmounts>
                <transactionShares>
                    <value>43750</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>22.71</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F3"/>
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            <expirationDate>
                <footnoteId id="F8"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>43750</value>
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            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
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            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>31.41</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2006-11-06</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>D</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>121250</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F4"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F4"/>
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            <expirationDate>
                <footnoteId id="F8"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>121250</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>48.94</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2006-11-06</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>D</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>25000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F5"/>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F5"/>
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            <expirationDate>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>25000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
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        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>33.8</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2006-11-06</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>D</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>75000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F6"/>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
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            <exerciseDate>
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            </exerciseDate>
            <expirationDate>
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            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>75000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>60.875</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2006-11-06</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>D</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>100000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F7"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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            <exerciseDate>
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            <expirationDate>
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                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>100000</value>
                </underlyingSecurityShares>
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                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
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                    <value>D</value>
                </directOrIndirectOwnership>
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        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">This number of shares represents the number of shares issuable to Mr. Scarlat upon exercise of his purchase right under the Mercury Interactive Corp. employee stock purchase plan which was cancelled in the merger in exchange for a cash payment of $11,854.81, representing the amount equal to the number of shares of Mercury Interactive Corp. common stock issuable upon exercise of his purchase right multiplied by the difference between the per share purchase price for such shares and the per share merger consideration of $52.</footnote>
        <footnote id="F2">This option was cancelled in the merger in exchange for a cash payment of $1,128,120, representing the amount equal to the number of shares of Mercury Interactive Corp. common stock underlying the option multiplied by the difference between the per share exercise price and the per share merger consideration of $52.</footnote>
        <footnote id="F3">This option was cancelled in the merger in exchange for a cash payment of $993,562.50, representing the amount equal to the number of shares of Mercury Interactive Corp. common stock underlying the option multiplied by the difference between the per share exercise price and the per share merger consideration of $52.</footnote>
        <footnote id="F4">The vested portion of this option was cancelled in the merger in exchange for a cash payment of $2,389,284.19, representing the amount equal to the number of shares of Mercury Interactive Corp. common stock underlying the option multiplied by the difference between the per share exercise price and the per share merger consideration of $52. The unvested portion of this option was assumed by Hewlett-Packard Company in the merger and replaced with an option to purchase 7,016 shares of Hewlett-Packard Company common stock for $23.32 per share.</footnote>
        <footnote id="F5">The vested portion of this option was cancelled in the merger in exchange for a cash payment of $33,467.22, representing the amount equal to the number of shares of Mercury Interactive Corp. common stock underlying the option multiplied by the difference between the per share exercise price and the per share merger consideration of $52. The unvested portion of this option was assumed by Hewlett-Packard Company in the merger and replaced with an option to purchase 18,943 shares of Hewlett-Packard Company common stock for $36.34 per share.</footnote>
        <footnote id="F6">This option was assumed by Hewlett-Packard Company in the merger and replaced with an option to purchase 101,025 shares of Hewlett-Packard Company common stock for $25.10 per share.</footnote>
        <footnote id="F7">This option was assumed by Hewlett-Packard Company in the merger and replaced with an option to purchase 134,701 shares of Hewlett-Packard Company common stock for $45.20 per share.</footnote>
        <footnote id="F8">Expires 10 years from grant date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Yuval Scarlat</signatureName>
        <signatureDate>2006-11-08</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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