4 1 NASDAQ0001209945 Officer Barra, Inc. 000087848394-2993326 01/15/03 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. 1. Name and Address of Reporting Person(s) Ledesma, Bruce 7030 Buckingham Blvd. Berkeley, CA 94705 2. Issuer Name and Ticker or Trading Symbol Barra, Inc. (BARZ) 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) 4. Statement for Month/Day/Year 1/15/2003 5. If Amendment, Date of Original (Month/Day/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify below) Executive V.P., General Counsel, Secretary 7. 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 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of action action or Disposed of (D) Securities Indirect Date Code A Beneficially D Beneficial (Month/ or Owned at or Ownership Day/Year) Code V Amount D Price End of Month I ------------------------------------------------------------------------------------------------------------------------------------ Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and Security or Exercise action action Securities Acquired (A) Expiration Date Price of Date Code or Disposed of (D) Derivative Security Code V A D Exercisable Expiration ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option (right $29.9900 01/15/03 A 416.6667 (1) 01/15/13 to buy) Non-Qualified Stock Option $29.9900 01/15/03 A 19,583.3333 (1) 01/15/13 (right to buy) Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of Security action of Underlying of Deri- Derivative Indirect Date Securities vative Securities D Beneficial Amount or Security Beneficially or Ownership Number of Owned at I - Title Shares End of Month ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option (right 01/15/03 Common Stock 416.6667 416.6667 D Direct to buy) Non-Qualified Stock Option 01/15/03 Common Stock 19,583.3333 19,583.3333 D Direct (right to buy) Explanation of Responses: (1) The option grant is pursuant to the Barra, Inc. 2000 Equity Appreciation Plan and subject to the reporting person's continuous emplo yment at Barra, Inc. 25% of the options shall vest and become exercisable upon the first anniversary of grant and 1/36ths of the r emaining options shall vest and become exercisable in equal installments each month over the subsequent 36 months. SIGNATURE OF REPORTING PERSON /S/ Ledesma, Bruce DATE 01/16/03