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  <TITLE> RSA Security 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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  	May 12, 2006
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  	RSA Security 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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  	000-25120
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  	04-2916506
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
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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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  	174 Middlesex Turnpike, Bedford, Massachusetts
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  	01730
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  _________________________________<BR>
  	(Address of principal executive offices)
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  ___________<BR>
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  	Registrant&#146;s telephone number, including area code:
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  	(781) 515-5000
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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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  [&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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  	Item 1.01 Entry into a Material Definitive Agreement.
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  	Effective May 12, 2006, the Compensation Committee of the Board of Directors of RSA Security Inc. granted to James Bandanza, our Senior Vice President, Worldwide Sales and Field Operations, a non-statutory stock option under our 2005 Stock Incentive Plan to purchase 50,000 shares of our common stock at an exercise price per share of $18.41, which was the closing price of our common stock on The NASDAQ National Market on that date.<br><br>	If RSA Security achieves certain net income goals determined by our Compensation Committee for the fiscal years ending December 31, 2006, 2007 and 2008, then one-third of the shares subject to the stock option becomes exercisable after the end of each such fiscal year.  If RSA Security fails to achieve the one-year net income goal for the fiscal year ending December 31, 2006 but does achieve the cumulative two-year net income goal for the two years ending December 31, 2007, then two-thirds of the shares subject to the option become exercisable.  Furthermore, if RSA Security fails to achieve the one-year net income goal for either or both of the fiscal years ending December 31, 2006 and 2007 but does achieve the cumulative three-year net income goal for the three years ending December 31, 2008, then the option becomes fully exercisable.<br><br>	The stock option expires on May 12, 2013.  The stock option agreement also provides, among other things, that the option will become exercisable in full if RSA Security experiences a change of control event (as defined in the agreement).<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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  	RSA Security Inc.
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  <I>
  	May 15, 2006
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  	By:
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  <I>
  	/s/Vivian M. Vitale
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  	Name: Vivian M. Vitale
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  	Title: Senior Vice President, Human Resources
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_12489.htm", "description": "LIVE FILING", "secsgml_size_bytes": 9766}]
metadata_filer: {"company-data": {"conformed-name": "RSA SECURITY INC/DE/", "cik": "0000932064", "assigned-sic": "3577", "irs-number": "042916506", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-25120", "film-number": "06846068"}, "business-address": {"street1": "174 MIDDLESEX TURNPIKE", "city": "BEDFORD", "state": "MA", "zip": "01730", "phone": "781-515-5422"}, "mail-address": {"street1": "174 MIDDLESEX TURNPIKE", "city": "BEDFORD", "state": "MA", "zip": "01730"}, "former-company": {"former-conformed-name": "SECURITY DYNAMICS TECHNOLOGIES INC /DE/", "date-changed": "19941027"}}
text: RSA Security 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):
  May 12, 2006
  RSA Security Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  000-25120
  04-2916506
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  174 Middlesex Turnpike, Bedford, Massachusetts
  01730
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  (781) 515-5000
  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.
  Effective May 12, 2006, the Compensation Committee of the Board of Directors of RSA Security Inc. granted to James Bandanza, our Senior Vice President, Worldwide Sales and Field Operations, a non-statutory stock option under our 2005 Stock Incentive Plan to purchase 50,000 shares of our common stock at an exercise price per share of $18.41, which was the closing price of our common stock on The NASDAQ National Market on that date.
  If RSA Security achieves certain net income goals determined by our Compensation Committee for the fiscal years ending December 31, 2006, 2007 and 2008, then one-third of the shares subject to the stock option becomes exercisable after the end of each such fiscal year.  If RSA Security fails to achieve the one-year net income goal for the fiscal year ending December 31, 2006 but does achieve the cumulative two-year net income goal for the two years ending December 31, 2007, then two-thirds of the shares subject to the option become exercisable.  Furthermore, if RSA Security fails to achieve the one-year net income goal for either or both of the fiscal years ending December 31, 2006 and 2007 but does achieve the cumulative three-year net income goal for the three years ending December 31, 2008, then the option becomes fully exercisable.
  The stock option expires on May 12, 2013.  The stock option agreement also provides, among other things, that the option will become exercisable in full if RSA Security experiences a change of control event (as defined in the agreement).
  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.
  RSA Security Inc.
  May 15, 2006
  By:
  /s/Vivian M. Vitale
  Name: Vivian M. Vitale
  Title: Senior Vice President, Human Resources