<PAGE>
Filed Pursuant to Rule 424(b)(3)
Registration No. 333-63117
Supplement No. 5 Dated November 22, 1999
To Prospectus Dated November 23, 1998
Related to $250,000,000 of
4% Convertible Subordinated Notes
Due June 15, 2005
and
9,467,450 Shares of Common Stock,
$.001 Par Value Per Share, of
BEA Systems, Inc.
SEE "RISK FACTORS" BEGINNING ON
PAGE 8 OF THE ACCOMPANYING PROSPECTUS
FOR A DISCUSSION OF CERTAIN FACTORS THAT
SHOULD BE CONSIDERED BY PROSPECTIVE INVESTORS.
All capitalized terms used but not defined herein shall have the meanings
prescribed in the Prospectus dated November 23, 1998, forming a part of the
Registration Statement on Form S-3, File No. 333-63117. This Prospectus
Supplement is incorporated by reference into the Prospectus and should be read
in conjunction with the Prospectus. Any cross references in this Supplement
refer to portions of the Prospectus.
Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities or determned if this
prospectus is truthful or complete. Any representation to the contrary is a
criminal offense.
The following information amends, restates and updates the information found
on pages 16-20 of the Prospectus under the caption "Selling Securityholders"
based upon certain information received, and relied upon, by the Company
through November 22, 1999 as to the security ownership of the Selling
Securityholders:
<TABLE>
<CAPTION>
Shares Beneficially
Owned After
Shares Beneficially Completion of
Owned Prior to Offering Offering(1)(3)
------------------------ -----------------------
Percentage Shares Percentage
Selling Securityholders Number of Class(2) Offered Number of Class
- ----------------------- ----------- ----------- ----------- --------- -----------
<S> <C> <C> <C> <C> <C>
Goldman, Sachs & Co. 842,792 1.3% 842,792 0 **
$22,255,000* 8.9% $22,255,000* 0 **
Deutsche Bank A.G. 537,372 ** 537,372 0 **
$14,190,000* 5.7% $14,190,000* 0 **
Tribech Investments LLC 530,177 ** 530,177 0 **
$14,000,000* 5.6% $14,000,000* 0 **
Daiwa Europe Limited 435,502 ** 435,502 0 **
$11,500,000* 4.6% $11,500,000* 0 **
CFW-C, L.P. 397,632 ** 397,632 0 **
$10,500,000* 4.2% $10,500,000* 0 **
Deutsche Bank 378,698 ** 378,698 0 **
Securities, Inc.
$10,000,000* 4.0% $10,000,000* 0 **
IDS Life Aggressive 378,698 ** 378,698 0 **
Growth Fund
$10,000,000* 4.0% $10,000,000* 0 **
NMS Services, Inc. 378,698 ** 378,698 0 **
$10,000,000* 4.0% $10,000,000* 0 **
CA Public Employee's 359,763 ** 359,763 0 **
Retirement System
$9,500,000* 3.8% $9,500,000* 0 **
BNP Arbitrage SNC 356,922 ** 356,922 0 **
$9,425,000* 3.8% $9,425,000* 0 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Shares Beneficially
Owned After
Shares Beneficially Completion of
Owned Prior to Offering Offering(1)(3)
------------------------------- -----------------------
Percentage Shares Percentage
Selling Securityholders Number of Class(2) Offered Number of Class
- ----------------------- --------------- ------------------------ --------- -----------
<S> <C> <C> <C> <C> <C>
Fidelity Financial
Trust: Fidelity 284,023 ** 284,023 0 **
Convertible Securities $7,500,000* 3.0% $7,500,000* 0 **
State of Oregon Equity 268,875 ** 268,875 0 **
$7,100,000* 2.8% $7,100,000* 0 **
Commonwealthlife
Insurance Comp.
(Teamsters- 246,153 ** 246,153 0 **
Camden Non-Enhanced) $6,500,000* 2.6% $6,500,000* 0 **
Highbridge Capital
Corporation 246,153 ** 246,153 0 **
$6,500,000* 2.6% $6,500,000* 0 **
Delta Airlines Inc.
Retirement Plan 242,366 ** 242,366 0 **
$6,400,000* 2.6% $6,400,000* 0 **
BancBoston Robertson
Stephens 227,218 ** 227,218 0 **
$6,000,000* 2.4% $6,000,000* 0 **
Susquehanna Capital
Group 227,218 ** 227,218 0 **
$6,000,000* 2.4% $6,000,000* 0 **
Oppenheimer Convertible
Securities Fund 189,349 ** 189,349 0 **
$5,000,000* 2.0% $5,000,000* 0 **
St. Albans Partners
Ltd. 189,349 ** 189,349 0 **
$5,000,000* 2.0% $5,000,000* 0 **
The Travelers Indemnity
Company 183,971 ** 183,971 0 **
$4,858,000* 1.9% $4,858,000* 0 **
True Value Fund LP 179,881 ** 179,881 0 **
$4,750,000* 1.9% $4,750,000* 0 **
Chase Manhattan NA,
Trustee for 175,526 ** 175,526 0 **
IBM Retirement Plan
dated 12/18/45 $4,635,000* 1.8% $4,635,000* 0 **
BT Holdings (New York),
Inc. 170,414 ** 170,414 0 **
$4,500,000* 1.8% $4,500,000* 0 **
Argent Classic
Convertible 160,946 ** 160,946 0 **
Arbitrage Fund L.P. $4,250,000* 1.7% $4,250,000* 0 **
Peoples Benefit Life
Insurance 151,479 ** 151,479 0 **
Company $4,000,000* 1.6% $4,000,000* 0 **
State of Oregon/SAIF
Corporation 151,479 ** 151,479 0 **
$4,000,000* 1.6% $4,000,000* 0 **
Yield Strategies Fund
II, LP 132,544 ** 132,544 0 **
$3,500,000* 1.4% $3,500,000* 0 **
State of Connecticut
Combined Investment
Funds 127,242 ** 127,242 0 **
$3,360,000* 1.3% $3,360,000* 0 **
Argent Classic
Convertible 126,863 ** 126,863 0 **
Arbitrage Fund
(Bermuda) L.P. $3,350,000* 1.3% $3,350,000* 0 **
Allstate Insurance
Company 113,609 ** 113,609 0 **
$3,000,000* 1.2% $3,000,000* 0 **
Offense Group
Associates, L.P. 113,609 ** 113,609 0 **
$3,000,000* 1.2% $3,000,000* 0 **
</TABLE>
2
<PAGE>
<TABLE>
<CAPTION>
SHARES BENEFICIALLY
OWNED AFTER
SHARES BENEFICIALLY COMPLETION OF
OWNED PRIOR TO OFFERING OFFERING(1)(3)
------------------------------- -----------------------
PERCENTAGE SHARES PERCENTAGE
SELLING SECURITYHOLDERS NUMBER OF CLASS(2) OFFERED NUMBER OF CLASS
- ----------------------- --------------- ------------------------ --------- -----------
<S> <C> <C> <C> <C> <C>
Chrysler Corporation 110,390 ** 110,390 0 **
Master
Retirement Fund $2,915,000* 1.2% $2,915,000* 0 **
Minnesota Mutual Life 109,822 ** 109,822 0 **
Insurance Company
$2,900,000* 1.2% $2,900,000* 0 **
OCM Convertible Trust 109,065 ** 109,065 0 **
$2,880,000* 1.1% $2,880,000* 0 **
Bankers Trust, Trustee 103,005 ** 103,005 0 **
for Chrysler Corp
Emp #1 Pension Plan $2,720,000* 1.1% $2,720,000* 0 **
dated 4/1/89
PRIM Board 101,301 ** 101,301 0 **
$2,675,000* 1.1% $2,675,000* 0 **
Investcorp -- SAM Fund 100,354 ** 100,354 0 **
Limited
$2,650,000* 1.1% $2,650,000* 0 **
Vanguard Convertible 99,976 ** 99,976 0 **
Securities Fund, Inc.
$2,640,000* 1.1% $2,640,000* 0 **
Golden Rule Insurance 98,461 ** 98,461 0 **
Company
$2,600,000* 1.0% $2,600,000* 0 **
Alta Partners Holdings, 94,674 ** 96,764 0 **
LDC
$2,500,000* 1.0% $2,500,000* 0 **
MFS Series Trust VII -- 94,674 ** 94,674 0 **
MFS Strategic Income
Fund
$2,500,000* 1.0% $2,500,000* 0 **
The Travelers Insurance 88,123 ** 88,123 0 **
Company
$2,327,000* ** $2,327,000* 0 **
Convertible Fund 88,085 ** 88,085 0 **
$2,326,000* ** $2,326,000* 0 **
Lincoln National 77,065 ** 77,065 0 **
Convertible Securities
Fund
$2,035,000* ** $2,035,000* 0 **
FIST-Franklin
Convertible 75,739 ** 75,739 0 **
Securities Fund $2,000,000* ** $2,000,000* 0 **
Hamilton Global 75,739 ** 75,739 0 **
Investors Limited
$2,000,000* ** $2,000,000* 0 **
Salomon Smith Barney 75,739 ** 75,739 0 **
Inc.
$2,000,000* ** $2,000,000* 0 **
Arkansas PERS 65,325 ** 65,325 0 **
$1,725,000* ** $1,725,000* 0 **
Raytheon Company Master 58,698 ** 58,698 0 **
Pension Trust
$1,550,000* ** $1,550,000* 0 **
The Retail Clerks 56,804 ** 56,804 0 **
Pension Plan
$1,500,000* ** $1,500,000* 0 **
State Street Bank 54,153 ** 54,153 0 **
Custodian for GE
Pension Trust
$1,430,000* ** $1,430,000* 0 **
Delaware PERS 53,017 ** 53,017 0 **
$1,400,000* ** $1,400,000* 0 **
Jefferies & Company, 53,017 ** 53,017 0 **
Inc.
$1,400,000* ** $1,400,000* 0 **
Delta Air Lines Master 51,502 ** 51,502 0 **
Trust
$1,360,000* ** $1,360,000* 0 **
Gryphon Domestic III, 49,230 ** 49,230 0 **
LLC
$1,300,000* ** $1,300,000* 0 **
Delta Airlines Master 46,390 ** 46,390 0 **
Trust
$1,225,000* ** $1,225,000* 0 **
</TABLE>
3
<PAGE>
<TABLE>
<CAPTION>
SHARES BENEFICIALLY
OWNED AFTER
SHARES BENEFICIALLY COMPLETION OF
OWNED PRIOR TO OFFERING OFFERING(1)(3)
------------------------------- -----------------------
PERCENTAGE SHARES PERCENTAGE
SELLING SECURITYHOLDERS NUMBER OF CLASS(2) OFFERED NUMBER OF CLASS
----------------------- --------------- ----------------------- --------- -----------
<S> <C> <C> <C> <C> <C>
Port Authority of 39,763 ** 39,763 0 **
Allegheny County
Retirement & Disability $1,050,000* ** $1,050,000* 0 **
Allowance
Plan for Employees
Represented by
Local 85 of the
Amalgamated
Transit Union
Starvest Combined 39,763 ** 39,763 0 **
Portfolio
$1,050,000* ** $1,050,000* 0 **
State Employees' 39,195 ** 39,195 0 **
Retirement Fund
of the State of $1,035,000* ** $1,035,000* 0 **
Delaware
Allegheny Teledyne Inc. 37,869 ** 37,869 0 **
Pension
Plan $1,000,000* ** $1,000,000* 0 **
BT Alex. Brown 37,869 ** 37,869 0 **
$1,000,000* ** $1,000,000* 0 **
Duckbill & Co. 37,869 ** 37,869 0 **
$1,000,000* ** $1,000,000* 0 **
Hamilton Partners 37,869 ** 37,869 0 **
Limited
$1,000,000* ** $1,000,000* 0 **
NationsBanc Montgomery 37,869 ** 37,869 0 **
Securities
LLC $1,000,000* ** $1,000,000* 0 **
The Northwestern Mutual 37,869 ** 37,869 0 **
Life
Insurance Company $1,000,000* ** $1,000,000* 0 **
(General Account)
Yield Strategies Fund I, 37,869 ** 37,869 0 **
LP
$1,000,000* ** $1,000,000* 0 **
The Dow Chemical Company 33,136 ** 33,136 0 **
Employees' Retirement $875,000* ** $875,000* 0 **
Plan
AIG/National Union Fire 30,295 ** 30,295 0 **
Insurance-
FRIC $800,000* ** $800,000* 0 **
Halliburton Company 27,644 ** 27,644 0 **
Employee Benefit Plan $ 730,000* ** $ 730,000* 0 **
Associated Electric & 26,508 ** 26,508 0 **
Gas Insurance Services
Limited
$ 700,000* ** $ 700,000* 0 **
National Steel Corp. 26,508 ** 26,508 0 **
$700,000* ** $700,000* 0 **
ICI American Holdings 22,721 ** 22,721 0 **
Pension
$600,000* ** $600,000* 0 **
Zeneca Holdings Pension 22,721 ** 22,721 0 **
Trust
$600,000* ** $600,000* 0 **
Champion International 19,881 ** 19,881 0 **
Corporation
Master Retirement Trust $525,000* ** $525,000* 0 **
ABN-AMRO Incorporated 18,934 ** 18,934 0 **
$500,000 ** $500,000* 0 **
D.E. Shaw Securities LP 18,934 ** 18,934 0 **
$ 500,000* ** $ 500,000* 0 **
Donaldson, Lufkin & 18,934 ** 18,934 0 **
Jenrette Securities
Corporation
$ 500,000* ** $ 500,000* 0 **
Glacier Water Services, 18,934 ** 18,934 0 **
Inc.
$ 500,000* ** $ 500,000* 0 **
</TABLE>
4
<PAGE>
<TABLE>
<CAPTION>
SHARES BENEFICIALLY
OWNED AFTER
SHARES BENEFICIALLY COMPLETION OF
OWNED PRIOR TO OFFERING OFFERING(1)(3)
------------------------------ -----------------------
PERCENTAGE SHARES PERCENTAGE
SELLING SECURITYHOLDERS NUMBER OF CLASS(2) OFFERED NUMBER OF CLASS
----------------------- -------------- ---------------------- --------- -----------
<S> <C> <C> <C> <C> <C>
RJR Nabisco, Inc. 15,147 ** 15,147 0 **
Defined Benefit Master
Trust
$ 400,000* ** $400,000* 0 **
Fairfax County Uniformed 13,633 ** 13,633 0 **
Retirement System $ 360,000* ** $360,000* 0 **
Partner Reinsurance 13,254 ** 13,254 0 **
Company, Ltd.
$ 350,000* ** $350,000* 0 **
SPT 12,307 ** 12,307 0 **
$ 325,000* ** $325,000* 0 **
Nalco Chemical Company 11,360 ** 11,360 0 **
$ 300,000* ** $300,000* 0 **
Walker Art Center 10,035 ** 10,035 0 **
$ 265,000* ** $265,000* 0 **
Apeggio Fund, LP 9,467 ** 9,467 0 **
$ 250,000* ** $250,000* 0 **
The Northwestern Mutual 9,467 ** 9,467 0 **
Life Insurance Company
(Group
Annuity Separate $ 250,000* ** $250,000* 0 **
Account)
United Food and 8,520 ** 8,520 0 **
Commercial Workers
Local 1262 and
Employers Pension Fund $ 225,000* ** $225,000* 0 **
Franklin & Marshall 8,142 ** 8,142 0 **
College
$ 215,000* ** $215,000* 0 **
The Travelers Life & 8,142 ** 8,142 0 **
Annuity Company
$ 215,000* ** $215,000* 0 **
Univar Corporation 6,437 ** 6,437 0 **
$ 170,000* ** $170,000* 0 **
The Travelers Series 3,786 ** 3,786 0 **
Trust Convertible Bond
Portfolio
$ 100,000* ** $100,000* 0 **
Kettering Medical Center 1,514 ** 1,514 0 **
Funded Depreciation
Account
$ 40,000* ** $ 40,000* 0 **
The Fondren Foundation 1,136 ** 1,136 0 **
$ 30,000* ** $ 30,000* 0 **
Island Holdings, Inc. 946 ** 946 0 **
$ 25,000* ** $ 25,000* 0 **
Lehman Brothers Inc. 946 ** 946 0 **
$ 25,000 ** $ 25,000 0 **
Inland Foundation Inc. 378 ** 378 0 **
$ 10,000* ** $ 10,000* 0 **
BS Debt Income Fund -- 189 ** 189 0 **
Class A
$ 5,000* ** $ 5,000* 0 **
</TABLE>
- --------
* Amount of Notes
** Less than one percent
(1) Share amounts assume conversion of the Notes, at an assumed conversion rate
of 37.8698 shares per $1,000 principal amount of Notes.
(2) Based upon approximately 61,012,028 shares of voting Common Stock and an
aggregate amount of $250,000,000 of Notes outstanding as of November 18,
1999. Does not include 17,823,554 shares of non-voting Class B Common
Stock. Percentages represent percentages of the class of security
indicated.
(3) Assumes offer and sale of all Securities, although Selling Securityholders
are not obligated to sell any Securities.
5
<PAGE>
Because the Selling Securityholders may, pursuant to the Prospectus and
Prospectus Supplement, offer all or some portion of the Notes they presently
hold, no estimate can be given as to the amount of the Notes that will be held
by the Selling Securityholders upon termination of any such sales. In addition,
the Selling Securityholders identified in this Prospectus Supplement or the
Prospectus may have sold, transferred or otherwise disposed of all or a portion
of their Notes since the date on which they provided the information regarding
their Notes, and requested registration thereof, in transactions exempt from
the registration requirements of the Securities Act. Accordingly, since certain
other Selling Securityholders may have purchased such Notes and also requested
registration thereof, the aggregate amount of Securities listed under the
caption "Selling Securityholders" in the Prospectus and Prospectus Supplement
may exceed the total amount of Securities issued or issuable by the Company.
See "Plan of Distribution."
The Company may from time to time, in accordance with the Registration Rights
Agreement, include additional Selling Securityholders or update the amount of
securities held by Selling Securityholders in future supplements to the
Prospectus.
6