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  <TITLE> BMC Software, Inc. (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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  	June 15, 2007
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  	BMC Software, Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	001-16393
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  	74-2126120
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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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  	2101 CityWest Blvd., Houston, Texas
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  	77042
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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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  	713-918-8800
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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>
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  <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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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       On June 15, 2007, the Board of Directors of BMC Software, Inc. (the "Company") adopted the Company's 2007 Incentive Plan (the "2007 Plan"), which is subject to shareholder approval and will be on the ballot for shareholder approval at the Company's annual meeting of shareholders to be held on August 21, 2007.  The 2007 Plan provides the Company with a means to attract and retain officers, employees, and directors of the Company through grants of equity-based compensation.  The 2007 Plan also gives the officers, employees, and directors a proprietary interest in the Company.<br><br>	The 2007 Plan provides for grants of Incentive Stock Options, Non-Qualified Stock Options, Dividend Equivalent Rights, Performance Awards, Restricted Stock Units, Stock Appreciation Rights, Stock Awards, and Phantom Stock (collectively and individually, "Awards").  Equity-incentive Awards and performance-based cash bonus Awards can be granted under the Plan.  A copy of the Plan is filed herewith as Exhibit 10.23.<br><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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  	BMC Software, Inc.
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  	&nbsp;&nbsp;
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  <I>
  	June 19, 2007
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  	By:
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  <I>
  	Christopher C. Chaffin
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  <I>
  	Name: Christopher C. Chaffin
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  <I>
  	Title: Sr. Legal Counsel & Assistant Secretary
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	10.23
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  	&nbsp;
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  BMC Software, Inc. 2007 Incentive Plan
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_20989.htm", "description": "LIVE FILING", "secsgml_size_bytes": 10556}]
metadata_filer: {"company-data": {"conformed-name": "BMC SOFTWARE INC", "cik": "0000835729", "assigned-sic": "7372", "irs-number": "742126120", "state-of-incorporation": "DE", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-16393", "film-number": "07928102"}, "business-address": {"street1": "2101 CITYWEST BLVD", "city": "HOUSTON", "state": "TX", "zip": "77042-2827", "phone": "7139188800"}, "mail-address": {"street1": "2101 CITYWEST BLVD", "city": "HOUSTON", "state": "TX", "zip": "77042-2827"}}
text: BMC Software, Inc. (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):
  June 15, 2007
  BMC Software, Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  001-16393
  74-2126120
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  2101 CityWest Blvd., Houston, Texas
  77042
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  713-918-8800
  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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
  On June 15, 2007, the Board of Directors of BMC Software, Inc. (the "Company") adopted the Company's 2007 Incentive Plan (the "2007 Plan"), which is subject to shareholder approval and will be on the ballot for shareholder approval at the Company's annual meeting of shareholders to be held on August 21, 2007.  The 2007 Plan provides the Company with a means to attract and retain officers, employees, and directors of the Company through grants of equity-based compensation.  The 2007 Plan also gives the officers, employees, and directors a proprietary interest in the Company.
  The 2007 Plan provides for grants of Incentive Stock Options, Non-Qualified Stock Options, Dividend Equivalent Rights, Performance Awards, Restricted Stock Units, Stock Appreciation Rights, Stock Awards, and Phantom Stock (collectively and individually, "Awards").  Equity-incentive Awards and performance-based cash bonus Awards can be granted under the Plan.  A copy of the Plan is filed herewith as Exhibit 10.23.
  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.
  BMC Software, Inc.
  June 19, 2007
  By:
  Christopher C. Chaffin
  Name: Christopher C. Chaffin
  Title: Sr. Legal Counsel & Assistant Secretary
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  10.23
  BMC Software, Inc. 2007 Incentive Plan