FORM 4
[ ] 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 *

VESCUSO MICHAEL A 		2. Issuer Name and Ticker or Trading Symbol

BMC SOFTWARE INC [ BMC ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

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

2101 CITYWEST BLVD. 		3. Date of Earliest Transaction (MM/DD/YYYY)

4/29/2008
(Street)

HOUSTON, TX 77042
(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   4/29/2008     M    11250   A $32.145   106250   D    
Common Stock   4/29/2008     M    13334   A $21.775   119584   D    
Common Stock   4/29/2008     S (1)    11250   D $35.1001   108334   D    
Common Stock   4/29/2008     S (1)    13334   D $35.0966   95000   D    
Common Stock   4/30/2008     M    23100   A $22.005   118100   D    
Common Stock   4/30/2008     S (1)    23100   D $35.1381   95000   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
Employee Stock Option (Right to Buy)   $32.145   4/29/2008     M        11250      (2) 6/15/2013   Common Stock   11250   $0   48750   D    
Employee Stock Option (Right to Buy)   (3) $21.775   4/29/2008     M        13334      (2) 6/12/2012   Common Stock   13334   $0   22500   D    
Employee Stock Option (Right to Buy)   (4) $22.005   4/30/2008     M        23100      (5) 1/9/2016   Common Stock   23100   $0   38066   D    

Explanation of Responses:
( 1)  The sales reported in this Form 4 were effected pursuant to Rule 10b5-1 trading plan adopted by the reporting person on December 7, 2007.
( 2)  The stock options shall vest monthly over four years.
( 3)  Stock option award under BMC Software 1994 Employee Incentive Plan.
( 4)  Award of employee stock option under BMC Software, Inc. 1994 Employee Incentive Plan.
( 5)  This option becomes exercisable in 6.25% quarterly installments over a four year period following the date of grant.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
VESCUSO MICHAEL A
2101 CITYWEST BLVD.
HOUSTON, TX 77042

Sr VP of Administration

Signatures
Christopher C. Chaffin, Attorney-in-fact for Michael A. Vescuso 5/1/2008
** 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 control number.
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