FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

WILLIAMS WESLEY S JR 		2. Issuer Name and Ticker or Trading Symbol

BEAR STEARNS COMPANIES INC [ BSC ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

C/O LOCKHART COMPANIES INC., 44 ESTATE THOMAS 		3. Date of Earliest Transaction (MM/DD/YYYY)

5/30/2008
(Street)

ST. THOMAS 00802
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   5/30/2008     D    3500   D   (1) 0.00   D  
 

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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-emp. dir. restr. stock units     (2) 5/30/2008     D        701    10/7/2005   10/7/2005   Common Stock   701.00     (3) 0.00   D  
 
Non-Emp. Dir. Restricted Stock Units     (2) 5/30/2008     D        483    10/11/2006   10/11/2006   Common Stock   483.00     (4) 0.00   D  
 
non-emp. dir. restricted stock units     (2) 5/30/2008     D        506    10/18/2007   10/18/2007   Common Stock   506.00     (5) 0.00   D  
 
non-emp. dir. stock options (rt to buy)   $157.02   5/30/2008     D        1200    10/18/2007   4/18/2017   Common Stock   1200.00     (6) 0.00   D  
 
non-emp. dir. stock options (rt. to buy)   $99.07   5/30/2008     D        2043    10/7/2005   4/7/2015   Common Stock   2043.00     (7) 0.00   D  
 
Non-Emp. Dir. Stock Options (Rt. to Buy)   $142.37   5/30/2008     D        1422    10/11/2006   4/11/2016   Common Stock   1422.00     (8) 0.00   D  
 

Explanation of Responses:
( 1)  Disposed of pursuant to the merger agreement between issuer and JPMorgan Chase & Co. in exchange for 761 shares of JPMorgan Chase common stock having a market value of $9.35 per share on the effective date of the merger.
( 2)  This type of derivative security typically does not have a conversion or exercise price
( 3)  The Restricted Stock Units were converted in the merger into 152 Restricted Stock Units of JPMorgan Chase.
( 4)  The Restricted Stock Units were converted in the merger into 105 Restricted Stock Units of JPMorgan Chase.
( 5)  The Restricted Stock Units were converted in the merger into 109 Restricted Stock Units of JPMorgan Chase.
( 6)  This option was converted in the merger into an option to purchase 261 shares of JPMorgan Chase common stock for $721.83 per share.
( 7)  This option was converted in the merger into an option to purchase 444 shares of JPMorgan Chase common stock for $455.45 per share.
( 8)  This option was converted in the merger into an option to purchase 309 shares of JPMorgan Chase common stock for $654.48 per share.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
WILLIAMS WESLEY S JR
C/O LOCKHART COMPANIES INC.
44 ESTATE THOMAS
ST. THOMAS 00802 		X



Signatures
/s/ Williams Jr., Wesley S. 6/2/2008
** 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.
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