SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* LIN JUDY (Last) (First) (Middle) 487 EAST MIDDLEFIELD ROAD (Street) MOUNTAIN VIEW CA 94043 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol VERISIGN INC/CA [ VRSN ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Executive Vice President & GM
	3. Date of Earliest Transaction (Month/Day/Year) 05/28/2004
	4. If Amendment, Date of 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

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
Common Stock	05/28/2004		M		18,000	A	$2	113,209	D

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 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: 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 (right to buy)	$2	05/28/2004		M			18,000	12/19/1998	12/19/2004	Common Stock	18,000	$0	0	D
Incentive Stock Option (right to buy)	$6.875							08/17/1999(1)	08/17/2005	Common Stock	20,096		20,096	D
Incentive Stock Option (right to buy)	$37.0625							07/30/2000(2)	07/30/2006	Common Stock	3,708		3,708	D
Incentive Stock Option (right to buy)	$151.25							08/01/2001(3)	08/01/2007	Common Stock	661		661	D
Non-Qualified Stock Option (right to buy)	$6.875							08/17/1999(1)	08/17/2005	Common Stock	4,904		4,904	D
Non-Qualified Stock Option (right to buy)	$10.08							05/24/2003(4)	05/24/2009	Common Stock	50,000		50,000	D
Non-Qualified Stock Option (right to buy)	$13.46							09/30/2004(5)	09/30/2010	Common Stock	55,000		55,000	D
Non-Qualified Stock Option (right to buy)	$13.79							03/15/2002(6)	03/15/2008	Common Stock	10,000		10,000	D
Non-Qualified Stock Option (right to buy)	$13.79							09/06/2002(7)	09/06/2008	Common Stock	25,000		25,000	D
Non-Qualified Stock Option (right to buy)	$13.79							02/21/2003(8)	02/21/2009	Common Stock	100,000		100,000	D
Non-Qualified Stock Option (right to buy)	$26.0625							03/05/2000(9)	03/05/2006	Common Stock	136,000		136,000	D
Non-Qualified Stock Option (right to buy)	$37.0625							07/30/2000(10)	07/30/2006	Common Stock	16,292		16,292	D
Non-Qualified Stock Option (right to buy)	$151.25							08/01/2001(3)	08/01/2007	Common Stock	79,339		79,339	D

Explanation of Responses:

1. Immediately

2. 1,010 options are exercisable immediately and 2,698 options vest and become exercisable on July 30, 2003.

3. Option to purchase 80,000 shares granted August 1, 2000, will become exercisable as to 25% of the aggregate number of shares granted on 08/01/2001, and as to an additional 6.25% of the aggregate number of shares granted each succeeding quarter thereafter until fully vested.

4. Twenty-five percent (25%) of the total options granted vest and become exercisable one year after the date of grant and thereafter with respect to 6.25% of the shares each quarter until fully vested.

5. Are exercisable as to 6.25% of the shares each quarter from the date of grant.

6. This is an option regrant under the VeriSign Offer to Exchange Outstanding Options to Purchase Common Stock dated November 27, 2002. Twenty-five (25%) percent of the total option vested and became exercisable on March 15, 2002 and vests thereafter with respect to 6.25% of the option each quarter until fully vested.

7. This is an option regrant under the VeriSign Offer to Exchange Outstanding Options to Purchase Common Stock dated November 27, 2002. Twenty-five (25%) percent of the total option vested and became exercisable on September 6, 2002 and vests thereafter with respect to 6.25% of the option each quarter until fully vested.

8. This is an option regrant under the VeriSign Offer to Exchange Outstanding Options to Purchase Common Stock dated November 27, 2002. Twenty-five (25%) percent of the total option vested and became exercisable on February 21, 2003 and vests thereafter with respect to 6.25% of the option each quarter until fully vested.

9. 126,000 options are exercisable immediately and thereafter with respect to 6.25% of the shares each quarter until fully vested.

10. 15,240 options are exercisable immediately and 1,052 options vest and become exercisable on July 30, 2003.

Remarks:

Reporting Person's total direct holdings disclosed in Table I, Item 5 under Amount of Securities Beneficially Owned Following Reported Transaction(s) includes shares acquired through the VeriSign 1998 Employee Stock Purchase Plan.

	By: Donald T Rozak Jr, as attorney-in-fact For: Judy Lin	06/01/2004
	** 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).
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