U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 4
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
HANSEN, JR., C. RUSSEL
P.O. BOX 249
LINCOLN, MA 01773
U.S.A.
2. Issuer Name and Ticker or Trading Symbol
BGS SYSTEMS, INC.
BGSS
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
3/6/98
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
( ) Director ( ) 10% Owner ( ) Officer (give title below) (X) Other
(specify below)
TRUSTEE OF 10% OWNER
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
COMMON STOCK |3/6/98|M | |16,000 |A |20.125 | | | |
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COMMON STOCK |3/6/98|S | |10,000 |D |40.50 | 12,207 (1) |D | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
OPTIONS (RIGHT TO BUY)|20.125 |3/6/9|M | |16,000 |D |2/2/9|3/31/|COMMON STOCK|16,000 | |NONE | | |
| |8 | | | | |7 |98 | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) Excludes 122,320 shares of common stock held of record by four irrevocable
trusts of which Mr. Hansen is
a co-trustee for the benefit of children who are not related to Mr. Hansen.
Also excludes 677,274 shares of
common stock held of record by the Variations Trust, with respect to which
shares Mr. Hansen is a co- trustee.
Mr. Hansen disclaims beneficial ownership of all 799,594 shares. These
securities and this report shall not be
deemed an admission that the reporting person is the beneficial owner of such
securities for purposes of
Section 16 or for any other
purpose.
SIGNATURE OF REPORTING PERSON
/S/ C. RUSSEL HANSEN, JR.
DATE
3/17/98