FORM 4 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 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

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1. Name and Address of Reporting Person * KAASILA SAMPO   2. Issuer Name and Ticker or Trading Symbol BITSTREAM INC [BITS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) VP of Research & Development (Last) (First) (Middle) C/O BITSTREAM INC., 245 FIRST STREET, 17TH FLOOR 3. Date of Earliest Transaction (Month/Day/Year) 05/09/2007 (Street) CAMBRIDGE, MA 02142-1270 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 Class A Common Stock 05/09/2007   X   6,275 A $ 1.59 25,275 D   Class A Common Stock 05/09/2007   X   3,325 A $ 2.0312 28,600 D   Class A Common Stock 05/09/2007   S   9,600 D $ 8.11 19,000 D   Class A Common Stock 05/10/2007   X   21,675 A $ 2.0312 40,675 D   Class A Common Stock 05/10/2007   S   21,675 D $ 8 19,000 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction 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 (Month/Day/Year)

7. Title and Amount of Underlying Securities (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

Incentive Stock Option

$ 1.59

05/09/2007

X

6,275

01/25/2002

01/25/2009

Class A Common Stock

6,275

$ 1.59

95,000

D

Incentive Stock Option

$ 2.0312

05/09/2007

X

3,325

12/11/2003

12/11/2010

Class A Common Stock

3,325

$ 2.0312

91,675

D

Incentive Stock Option

$ 2.0312

05/10/2007

X

21,675

12/11/2003

12/11/2010

Class A Common Stock

21,675

$ 2.0312

70,000

D (1)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
KAASILA SAMPO C/O BITSTREAM INC. 245 FIRST STREET, 17TH FLOOR CAMBRIDGE, MA 02142-1270			VP of Research & Development

Signatures

Sampo Kaasila		05/10/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	The reporting person beneficially owns the following options to purchase Class A Common Stock of the Company (i) an option granted on 11/05/2001 to purchase 20,000 shares at $3.96 of which is fully vested;(ii) an option granted on 08/02/2004 to purchase 25,000 shares at $1.59, which option expires on 08/02/2014 and of which 16,666 is vested and 8,334 vest on 08/02/07; and (iii) an option granted on 08/03/06 to purchase 25,000 shares at $4.45, which option expires 08/03/2016 and of which 6,250 vest each on 08/03/07, 08/03/08, 08/03/09, and 08/03/10.

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