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  <TITLE> Hyperion Solutions Corporation (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	August 22, 2006
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  	Hyperion Solutions Corporation
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	000-26934
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  	77-0277772
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	5450 Great America Parkway, Santa Clara, California
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  	95054
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	408-588-8109
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
  </P>
  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  <B>
  	Item 1.01 Entry into a Material Definitive Agreement.
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  On August 22, 2006, the Compensation Committee of the Board of Directors of Hyperion Solutions Corporation (the "Company") approved and adopted a performance-based compensation program (the "Program") under the Company's stockholder-approved 2004 Equity Incentive Plan, as amended and restated (the "2004 Plan"), and established the performance objectives for determining awards under the Program.<br><br>Under the Program, certain members of the Company's senior management, including all of its named executive officers, are each entitled to receive cash awards of between $230,000 and $990,000 and fully-vested restricted stock awards between 3,500 and 15,000 shares of the Company's Common Stock, on June 30, 2008 provided the Company achieves certain license revenue objectives.  The restricted stock awards accelerate if a "change of control" occurs under the conditions described in the recipient's employment agreement.  A recipient must be an employee or consultant to the Company to vest in a stock award or receive a cash grant, as the case may be.<br><br>The foregoing description is qualified by reference to the terms set forth in the Company's standard form of Restricted Stock Purchase Agreement, a copy of which is filed as Exhibit 10.1 to this Form 8-K, to the terms of the 2004 Plan, a copy of which was filed as Exhibit 10.1 to Hyperion's 8-K dated November 21, 2005, and to the terms of officer employment agreements previously filed.<br>
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	Hyperion Solutions Corporation
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  	&nbsp;&nbsp;
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  <I>
  	August 24, 2006
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  <I>
  	By:
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  <I>
  	/s/Robin Washington
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  	&nbsp;
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  <I>
  	Name: Robin Washington
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  <I>
  	Title: Chief Financial Officer
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	Description
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  	10.1
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  	&nbsp;
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  <FONT SIZE="2">
  Standard form of Hyperion Restricted Stock Purchase Agreement under the 2004 Equity Incentive Plan, as amended and restated
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_14627.htm", "description": "LIVE FILING", "secsgml_size_bytes": 11009}]
metadata_filer: {"company-data": {"conformed-name": "HYPERION SOLUTIONS CORP", "cik": "0001001113", "assigned-sic": "7372", "irs-number": "770277772", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-26934", "film-number": "061053229"}, "business-address": {"street1": "5450 GREAT AMERICA PARKWAY", "city": "SANTA CLARA", "state": "CA", "zip": "95054", "phone": "408-744-9500"}, "mail-address": {"street1": "5450 GREAT AMERICA PARKWAY", "city": "SANTA CLARA", "state": "CA", "zip": "95054"}, "former-company": {"former-conformed-name": "ARBOR SOFTWARE CORP", "date-changed": "19950919"}}
text: Hyperion Solutions Corporation (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  August 22, 2006
  Hyperion Solutions Corporation
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  000-26934
  77-0277772
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  5450 Great America Parkway, Santa Clara, California
  95054
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  408-588-8109
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  On August 22, 2006, the Compensation Committee of the Board of Directors of Hyperion Solutions Corporation (the "Company") approved and adopted a performance-based compensation program (the "Program") under the Company's stockholder-approved 2004 Equity Incentive Plan, as amended and restated (the "2004 Plan"), and established the performance objectives for determining awards under the Program.
  Under the Program, certain members of the Company's senior management, including all of its named executive officers, are each entitled to receive cash awards of between $230,000 and $990,000 and fully-vested restricted stock awards between 3,500 and 15,000 shares of the Company's Common Stock, on June 30, 2008 provided the Company achieves certain license revenue objectives.  The restricted stock awards accelerate if a "change of control" occurs under the conditions described in the recipient's employment agreement.  A recipient must be an employee or consultant to the Company to vest in a stock award or receive a cash grant, as the case may be.
  The foregoing description is qualified by reference to the terms set forth in the Company's standard form of Restricted Stock Purchase Agreement, a copy of which is filed as Exhibit 10.1 to this Form 8-K, to the terms of the 2004 Plan, a copy of which was filed as Exhibit 10.1 to Hyperion's 8-K dated November 21, 2005, and to the terms of officer employment agreements previously filed.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  Hyperion Solutions Corporation
  August 24, 2006
  By:
  /s/Robin Washington
  Name: Robin Washington
  Title: Chief Financial Officer
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  10.1
  Standard form of Hyperion Restricted Stock Purchase Agreement under the 2004 Equity Incentive Plan, as amended and restated