Insider Trading activities of Business Objects S.a. insiders.

Monthly summaries of insider trading activities (stock purchases, sales, and option exercises) reported by insiders of Business Objects S.a. since 2005 are illustrated in Table 1 and Table 2. Table 1 shows the monthly insider trading data of Business Objects S.a. since year 2005. Table 2 shows the detailed insider transactions of Business Objects S.a. since 2005. The reporting company's ticker symbol is BOBJ. The reporting company's CIK number is 928753.
The total value of stock buying since 2005 is $15,356.
The total value of stock sales since 2005 is $450,686,138.
The total value of stock option exercises since 2005 is $957,608.


Table 1. Monthly summaries of insider stock purchases, sales, and option exercises for Business Objects S.a. (BOBJ).
Trading Period Insider Buying Insider Sales Option Exercises
year-month Shares Value Shares Value Shares Value
2008-01 3,793,176 $0 451,762 $27,828,570 1,072,347 $0
2007-12 0 $0 266,100 $16,221,901 310,982 $0
2007-09 0 $0 0 $0 12,225 $0
2007-08 0 $0 87,500 $3,832,762 37,500 $0
2007-07 0 $0 43,807 $1,930,606 8,807 $27,981
2007-06 0 $0 19,545 $786,330 19,545 $44,541
2007-05 0 $0 124,013 $4,867,424 49,013 $112,827
2007-03 0 $0 15,000 $517,620 49,593 $0
2007-02 400 $15,356 316,779 $11,857,894 185,831 $772,259
2007-01 0 $0 15,000 $580,110 15,000 $0
2006-12 0 $0 15,000 $577,500 23,000 $0
2006-11 0 $0 134,600 $4,868,244 52,500 $0
2006-10 0 $0 15,000 $513,045 15,000 $0
2006-09 0 $0 15,000 $470,000 63,185 $0
2006-08 0 $0 135,560 $3,336,231 47,500 $0
2006-06 0 $0 5,000 $150,045 5,000 $0
2006-05 0 $0 181,300 $5,914,722 44,900 $0
2006-04 0 $0 15,000 $565,200 15,000 $0
2006-03 0 $0 45,000 $1,657,476 107,500 $0
2006-02 0 $0 794,690 $29,769,458 37,500 $0
2005-12 0 $0 0 $0 50,000 $0
2005-11 0 $0 9,550,000 $334,441,000 0 $0

Table 2. Detailed insider stock purchases, sales, and option exercises of Business Objects S.a. insiders (BOBJ)
  Trade Date   Insider Name Trade Type     Shares       Price ($)   Value ($)
2008-01-23 Liautaud Bernard (Chairman of the Board and CSO) Option Ex 537,500 .00 0
2008-01-21 Sap France S.a. (10% Owner) Buy 574,090 .00 0
2008-01-18 Sap France S.a. (10% Owner) Buy 279,174 .00 0
2008-01-18 Kennedy David (SVP General Counsel, Corp. Sec) Sale 113,515 61.27 6,954,950
2008-01-18 Kennedy David (SVP General Counsel, Corp. Sec) Option Ex 133,000 .00 0
2008-01-18 Tolonen James R (Chief Financial Officer) Sale 43,247 61.27 2,649,700
2008-01-18 Tolonen James R (Chief Financial Officer) Option Ex 54,972 .00 0
2008-01-17 Sap France S.a. (10% Owner) Buy 698,768 .00 0
2008-01-16 Sap France S.a. (10% Owner) Buy 2,241,144 .00 0
2008-01-16 Schwarz John (Chief Executive Officer) Sale 295,000 61.78 18,223,920
2008-01-16 Schwarz John (Chief Executive Officer) Option Ex 346,875 .00 0
2007-12-31 Schwarz John (Chief Executive Officer) Sale 112,000 60.84 6,814,416
2007-12-31 Schwarz John (Chief Executive Officer) Option Ex 127,571 .00 0
2007-12-28 Schwarz John (Chief Executive Officer) Sale 98,100 61.22 6,005,485
2007-12-28 Schwarz John (Chief Executive Officer) Option Ex 116,904 .00 0
2007-12-27 Schwarz John (Chief Executive Officer) Sale 56,000 60.75 3,402,000
2007-12-27 Schwarz John (Chief Executive Officer) Option Ex 66,507 .00 0
2007-09-15 Liautaud Bernard (Chairman of the Board and CSO) Option Ex 12,225 .00 0
2007-08-06 Liautaud Bernard (Chairman of the Board and CSO) Sale 87,500 43.80 3,832,762
2007-08-06 Liautaud Bernard (Chairman of the Board and CSO) Option Ex 37,500 .00 0
2007-07-27 Wolfe Susan J (Sr. VP-Gen. Counsel & Corp Sec) Sale 3,807 44.50 169,411
2007-07-27 Wolfe Susan J (Sr. VP-Gen. Counsel & Corp Sec) Option Ex 3,807 7.35 27,981
2007-07-27 Schwarz John (Chief Executive Officer) Sale 35,000 44.35 1,552,250
2007-07-16 Tolonen James R (Chief Financial Officer) Sale 5,000 41.79 208,945
2007-07-16 Tolonen James R (Chief Financial Officer) Option Ex 5,000 .00 0
2007-06-15 Tolonen James R (Chief Financial Officer) Sale 15,000 40.25 603,735
2007-06-15 Tolonen James R (Chief Financial Officer) Option Ex 15,000 .00 0
2007-06-05 Wolfe Susan J (Sr. VP-Gen. Counsel & Corp Sec) Sale 4,545 40.18 182,595
2007-06-05 Wolfe Susan J (Sr. VP-Gen. Counsel & Corp Sec) Option Ex 4,545 9.80 44,541
2007-05-23 Schwarz John (Chief Executive Officer) Sale 25,000 40.67 1,016,750
2007-05-21 Wolfe Susan J (Sr. VP-Gen. Counsel & Corp Sec) Sale 11,513 39.91 459,437
2007-05-21 Wolfe Susan J (Sr. VP-Gen. Counsel & Corp Sec) Option Ex 11,513 9.80 112,827
2007-05-07 Liautaud Bernard (Chairman of the Board and CSO) Sale 87,500 38.76 3,391,237
2007-05-07 Liautaud Bernard (Chairman of the Board and CSO) Option Ex 37,500 .00 0
2007-03-15 Schwarz John (Chief Executive Officer) Option Ex 24,779 .00 0
2007-03-15 Liautaud Bernard (Chairman of the Board and CSO) Option Ex 9,814 .00 0
2007-03-05 Tolonen James R (Chief Financial Officer) Sale 15,000 34.51 517,620
2007-03-05 Tolonen James R (Chief Financial Officer) Option Ex 15,000 .00 0
2007-02-26 Lauk Kurt J (Director) Sale 30,000 28.46 853,860
2007-02-23 Lauk Kurt J (Director) Option Ex 30,000 .00 0
2007-02-15 Wolfe Susan J (Sr. VP-Gen. Counsel & Corp Sec) Sale 24,877 38.89 967,416
2007-02-15 Wolfe Susan J (Sr. VP-Gen. Counsel & Corp Sec) Option Ex 24,529 .00 0
2007-02-14 Wolfe Susan J (Sr. VP-Gen. Counsel & Corp Sec) Sale 78,802 38.40 3,026,312
2007-02-14 Wolfe Susan J (Sr. VP-Gen. Counsel & Corp Sec) Option Ex 78,802 9.80 772,259
2007-02-12 Liautaud Bernard (Chairman of the Board and CSO) Buy 400 38.39 15,356
2007-02-12 Liautaud Bernard (Chairman of the Board and CSO) Sale 87,100 38.25 3,330,846
2007-02-12 Liautaud Bernard (Chairman of the Board and CSO) Option Ex 37,500 .00 0
2007-02-05 Tolonen James R (Chief Financial Officer) Sale 15,000 38.91 583,695
2007-02-05 Tolonen James R (Chief Financial Officer) Option Ex 15,000 .00 0
2007-01-05 Tolonen James R (Chief Financial Officer) Sale 15,000 38.67 580,110
2007-01-05 Tolonen James R (Chief Financial Officer) Option Ex 15,000 .00 0
2006-12-27 Tolonen James R (Chief Financial Officer) Option Ex 8,000 .00 0
2006-12-05 Tolonen James R (Chief Financial Officer) Sale 15,000 38.50 577,500
2006-12-05 Tolonen James R (Chief Financial Officer) Option Ex 15,000 .00 0
2006-11-06 Tolonen James R (Chief Financial Officer) Sale 15,000 36.11 541,650
2006-11-06 Tolonen James R (Chief Financial Officer) Option Ex 15,000 .00 0
2006-11-06 Liautaud Bernard (Chairman of the Board and CSO) Sale 87,500 36.33 3,163,267
2006-11-06 Liautaud Bernard (Chairman of the Board and CSO) Option Ex 37,500 .00 0
2006-10-05 Tolonen James R (Chief Financial Officer) Sale 15,000 34.20 513,045
2006-10-05 Tolonen James R (Chief Financial Officer) Option Ex 15,000 .00 0
2006-09-27 Tolonen James R (Chief Financial Officer) Sale 10,000 33.00 330,000
2006-09-27 Tolonen James R (Chief Financial Officer) Option Ex 10,000 .00 0
2006-09-12 Schwarz John (Chief Executive Officer) Option Ex 48,185 .00 0
2006-09-05 Tolonen James R (Chief Financial Officer) Sale 5,000 28.00 140,000
2006-09-05 Tolonen James R (Chief Financial Officer) Option Ex 5,000 .00 0
2006-08-17 Tolonen James R (Chief Financial Officer) Sale 10,000 28.02 280,150
2006-08-17 Tolonen James R (Chief Financial Officer) Option Ex 10,000 .00 0
2006-08-07 Liautaud Bernard (Chairman of the Board and CSO) Sale 72,500 24.37 1,762,127
2006-08-07 Liautaud Bernard (Chairman of the Board and CSO) Option Ex 37,500 .00 0
2006-06-05 Tolonen James R (Chief Financial Officer) Sale 5,000 30.01 150,045
2006-06-05 Tolonen James R (Chief Financial Officer) Option Ex 5,000 .00 0
2006-05-08 Liautaud Bernard (Chairman of the Board and CSO) Sale 87,500 32.66 2,854,049
2006-05-08 Liautaud Bernard (Chairman of the Board and CSO) Option Ex 37,500 .00 0
2006-05-05 Tolonen James R (Chief Financial Officer) Sale 7,400 32.82 242,830
2006-05-05 Tolonen James R (Chief Financial Officer) Option Ex 7,400 .00 0
2006-04-05 Tolonen James R (Chief Financial Officer) Sale 15,000 37.68 565,200
2006-04-05 Tolonen James R (Chief Financial Officer) Option Ex 15,000 .00 0
2006-03-31 Schwarz John (Chief Executive Officer) Option Ex 50,000 .00 0
2006-03-16 Liautaud Bernard (Chairman of the Board and CSO) Option Ex 12,500 .00 0
2006-03-07 Tolonen James R (Chief Financial Officer) Sale 25,800 36.62 944,898
2006-03-07 Tolonen James R (Chief Financial Officer) Option Ex 25,800 .00 0
2006-03-06 Tolonen James R (Chief Financial Officer) Sale 4,200 38.12 160,086
2006-03-06 Tolonen James R (Chief Financial Officer) Option Ex 4,200 .00 0
2006-02-16 Liautaud Bernard (Chairman of the Board and CSO) Sale 77,500 37.87 2,927,775
2006-02-15 Liautaud Bernard (Chairman of the Board and CSO) Sale 120,000 38.24 4,577,553
2006-02-14 Liautaud Bernard (Chairman of the Board and CSO) Sale 120,000 36.92 4,424,232
2006-02-13 Liautaud Bernard (Chairman of the Board and CSO) Sale 120,000 36.98 4,440,185
2006-02-13 Liautaud Bernard (Chairman of the Board and CSO) Option Ex 37,500 .00 0
2005-12-30 Schwarz John (Director) Option Ex 50,000 .00 0
2005-11-09 Roux David J (Director) Sale 9,550,000 35.02 334,441,000

Insider trading activities including stock purchases, stock sales, and option exercises of BOBJ listed in the above tables cannot be completely guaranteed as to their accuracy. For more insider trading information of Business Objects S.a. (symbol BOBJ, CIK number 928753) see the Securities and Exchange Commission (SEC) website.