FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

HAGERMAN KRIS

2. Date of Event Requiring Statement (MM/DD/YYYY)
5/8/2008 

3. Issuer Name and Ticker or Trading Symbol

COREL CORP [CREL]

(Last)        (First)        (Middle)

C/O COREL CORPORATION

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
CEO /

(Street)

OTTAWA, A6 K1Z 8R7       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4) 		2. Amount of Securities Beneficially Owned
(Instr. 4) 		3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) 		4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4) 		2. Date Exercisable and Expiration Date
(MM/DD/YYYY) 		3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) 		4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5) 		6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option     (1) 5/8/2018   Common Stock   326760   $10.87   D    
Stock Option     (2) 7/24/2019   Common Stock   1887708   $2.20   D    

Explanation of Responses:
( 1)  This option becomes exerciseable at a rate of 8.33% on and after the end of each month after May 8, 2008.
( 2)  Options vest starting 12/01/2008 and vest over 4 years with a 1 year cliff and quarterly vesting threafter. If the Company completes a Significant Event (as defined in the Company's 2006 Equity Incentive Plan), then all of Mr. Hagerman's options will be deemed to vest on completion of that event, provided that, if Mr. Hagerman departs the Company within 6 months after the Significant Event, he will be required to forfeit the accelerated options or any common shares or cash received in connection with those accelerated options.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
HAGERMAN KRIS
C/O COREL CORPORATION
OTTAWA, A6 K1Z 8R7

CEO

Signatures
/s/ Eleanor Lacey by power of attorney 11/30/2009
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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