<PAGE> 1
EXHIBIT 11
BINDVIEW DEVELOPMENT CORPORATION
STATEMENT REGARDING COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE
(UNAUDITED)
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
<TABLE>
<CAPTION>
QUARTER NINE MONTHS
ENDED SEPTEMBER 30, ENDED SEPTEMBER 30,
---------------------- -----------------------
2000 1999 2000 1999
-------- -------- -------- --------
<S> <C> <C> <C> <C>
Net income (loss) $ 1,787 $ 1,376 $ (4,359) $ (1,187)
======== ======== ======== ========
Shares used in basic calculation
Total basic shares 52,021 49,027 51,538 47,404
Additional shares for diluted computation:
Effect of stock options 3,006 4,353 5,079 100
Effect of warrants -- 109 20 4,960
Exclusion of share equivalents that are
anti-dilutive because a loss was
incurred -- -- (5,099) (5,060)
-------- -------- -------- --------
Total diluted shares 55,027 53,489 51,538 47,404
======== ======== ======== ========
Earnings (loss) per common share
Basic $ 0.03 $ 0.03 $ (0.08) $ (0.03)
Diluted $ 0.03 $ 0.03 $ (0.08) $ (0.03)
</TABLE>
22