FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

SCHWARTZ ALAN D 		2. Issuer Name and Ticker or Trading Symbol

BEAR STEARNS COMPANIES INC [ BSC ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
CEO, President
(Last)          (First)          (Middle)

C/O BEAR, STEARNS & CO. INC., 383 MADISON AVENUE 		3. Date of Earliest Transaction (MM/DD/YYYY)

5/30/2008
(Street)

NEW YORK, NY 10179
(City)        (State)        (Zip)
4. 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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   5/30/2008     D    1026680   D   (1) 0.00   D  
 

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
CAP Units (2002)     (2) 5/30/2008     D        1107    11/30/2007   11/30/2007   (3) Common Stock   1107.00     (4) 0.00   D  
 
CAP Units (2003)     (2) 5/30/2008     D        163393    11/30/2008   11/30/2008   (3) Common Stock   163393.00     (5) 0.00   D  
 
CAP Units (2004)     (2) 5/30/2008     D        99655    11/30/2009   11/30/2009   (6) Common Stock   99655.00     (7) 0.00   D  
 
CAP Units (2005)     (2) 5/30/2008     D        89875    11/30/2010   11/30/2010   (6) Common Stock   89875.00     (8) 0.00   D  
 
CAP Units (2006)     (2) 5/30/2008     D        85350    11/30/2011   11/30/2011   (6) Common Stock   85350.00     (9) 0.00   D  
 
Emp. Stock Option (Right to Buy)   $73.75   5/30/2008     D        242307    12/15/2006   12/15/2013   Common Stock   242307.00     (10) 0.00   D  
 
Emp. Stock Option (Rt. to Buy)   $116.50   5/30/2008     D        53650    12/22/2008   12/22/2015   Common Stock   53650.00     (11) 0.00   D  
 
Emp. stock option (rt. to buy)   $165.32   5/30/2008     D        33847    12/20/2009   12/20/2016   Common Stock   33847.00     (12) 0.00   D  
 
Employee Stock Option (Right to Buy)   $38.75   5/30/2008     D        57500    1/10/2003   1/10/2010   Common Stock   57500.00     (13) 0.00   D  
 
Employee Stock Option (Right to Buy)   $49.63   5/30/2008     D        86354    12/11/2003   12/11/2010   Common Stock   86354.00     (14) 0.00   D  
 
Employee Stock Option (Right to Buy)   $56.88   5/30/2008     D        28934    12/17/2004   12/17/2011   Common Stock   28934.00     (15) 0.00   D  
 
Employee Stock Option (Right to Buy)   $64.00   5/30/2008     D        65000    11/30/2005   11/30/2012   Common Stock   65000.00     (16) 0.00   D  
 
Employee Stock Option (Rt. to Buy 07)   $102.65   5/30/2008     D        159784    12/28/2007   12/28/2014   Common Stock   159784.00     (17) 0.00   D  
 

Explanation of Responses:
( 1)  Disposed of pursuant to the merger agreement between issuer and JPMorgan Chase & Co. in exchange for 223,333 shares of JPMorgan Chase common stock having a market value of $9.35 per share on the effective date of the merger.
( 2)  This type of derivative security typically does not have a conversion or exercise price
( 3)  The shares of common stock underlying the CAP Units will be distributed on or about 11/30/2008
( 4)  The CAP Units were converted in the merger into 240 CAP Units of JPMorgan Chase.
( 5)  The CAP Units were converted in the merger into 35,542 CAP Units of JPMorgan Chase.
( 6)  In connection with the merger, the deferral period for the CAP Units will be accelerated and the shares of common stock underlying the CAP Units will be distributed on or about 1/15/2009.
( 7)  The CAP Units were converted in the merger into 21,677 CAP Units of JPMorgan Chase.
( 8)  The CAP Units were converted in the merger into 19,550 CAP Units of JPMorgan Chase.
( 9)  The CAP Units were converted in the merger into 18,566 CAP Units of JPMorgan Chase.
( 10)  This option was converted in the merger into an option to purchase 52,709 shares of JPMorgan Chase common stock for $339.03 per share.
( 11)  This option was converted in the merger into an option to purchase 11,670 shares of JPMorgan Chase common stock for $535.56 per share.
( 12)  This option was converted in the merger into an option to purchase 7,362 shares of JPMorgan Chase common stock for $759.99 per share.
( 13)  This option was converted in the merger into an option to purchase 12,507 shares of JPMorgan Chase common stock for $178.14 per share.
( 14)  This option was converted in the merger into an option to purchase 18,784 shares of JPMorgan Chase common stock for $228.13 per share.
( 15)  This option was converted in the merger into an option to purchase 6,294 shares of JPMorgan Chase common stock for $261.48 per share.
( 16)  This option was converted in the merger into an option to purchase 14,139 shares of JPMorgan Chase common stock for $294.21 per share
( 17)  This option was converted in the merger into an option to purchase 34,757 shares of JPMorgan Chase common stock for $471.89 per share.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SCHWARTZ ALAN D
C/O BEAR, STEARNS & CO. INC.
383 MADISON AVENUE
NEW YORK, NY 10179 		X
CEO, President

Signatures
/s/ Schwartz, Alan D. 6/2/2008
** 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 4(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.
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