5 1 NASDAQ0001209945 Officer Barra, Inc. 000087848394-2993326 03/31/03 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [ ] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. [ ] Form 3 Holdings Reported [ ] Form 4 Transactions Reported 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/Year 03/03 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify below) Secretary, Executive V.P. & General Counsel 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 Amount D Price End of Year I ------------------------------------------------------------------------------------------------------------------------------------ Table II (PART 1) Derivative Securitites 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 A D Exercisable Expiration ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option (right $56.0000 04/16/02 A 1,596.0000 (1) 04/16/12 to buy) Non-Qualified Stock Option $56.0000 04/16/02 A 43,404.0000 (1) 04/16/12 (right to buy) Table II (PART 2) Derivative Securitites 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 Year ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option (right 04/16/02 Common Stock 1,596.0000 1,596.0000 D Direct to buy) Non-Qualified Stock Option 04/16/02 Common Stock 43,404.0000 43,404.0000 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/ By: Richard Steele For: Bruce Ledesma DATE 04/07/03