Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Silver Lake Technology Associates II, L.L.C.
 2. Date of Event Requiring Statement (Month/Day/Year)
03/10/2006		 3. Issuer Name and Ticker or Trading Symbol
SERENA SOFTWARE INC [SRNA]
(Last)
(First)
(Middle)
C/O SILVER LAKE PARTNERS, 2725 SAND HILL ROAD, SUITE 150		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

MENLO PARK, CA 94025		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 66,100,000 (1)
I
See Note(1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Silver Lake Technology Associates II, L.L.C.
C/O SILVER LAKE PARTNERS
2725 SAND HILL ROAD, SUITE 150
MENLO PARK, CA 94025		     X    
Serena Co-Invest Partners, L.P.
C/O SILVER LAKE PARTNERS,
2725 SAND HILL ROAD, SUITE 150
MENLO PARK, CA 94025		     X    
Silver Lake Technology Investors II, L.P.
C/O SILVER LAKE PARTNERS
2725 SAND HILL ROAD, SUITE 150
MENLO PARK, CA 94025		     X    
SILVER LAKE PARTNERS II L P
C/O SILVER LAKE PARTNERS
2725 SAND HILL ROAD, SUITE 150
MENLO PARK, CA 94025		     X    

Signatures

/s/ Alan K. Austin, Managing Director and Chief Operating Officer of Silver Lake Technology Associates II, L.L.C., as general partner of Silver Lake Partners II, L.P. 03/21/2006
**Signature of Reporting Person Date
/s/ Alan K. Austin, Managing Director and Chief Operating Officer of Silver Lake Technology Associates II, L.L.C., as general partner of Silver Lake Technology Investors II, L.P. 03/21/2006
**Signature of Reporting Person Date
/s/ Alan K. Austin, Managing Director and Chief Operating Officer of Silver Lake Technology Associates II, L.L.C., as general partner of Serena Co-Invest Partners, L.P. 03/21/2006
**Signature of Reporting Person Date
/s/ Alan K. Austin, Managing Director and Chief Operating Officer of Silver Lake Technology Associates II, L.L.C. 03/21/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) Silver Lake Technology Associates II, L.L.C. ("SLTA II") is the general partner of (i) Silver Lake Partners II, L.P. ("SLP II"), which directly holds 52,441,064 shares of the reported securities, (ii) Silver Lake Technology Investors II, L.P. ("SLTI II"), which directly holds 158,936 shares of the reported securities, and (iii) Serena Co-Invest Partners, L.P. ("SCIP," and collectively with SLP II and SLTI II, the "Silver Lake Entities"), which directly holds 13,500,000 shares of the reported securities. The Silver Lake Entities may be deemed to be members of a "group" for purposes of Section 13(d) of the Securities Exchange Act of 1934 and are listed in the table entitled "Reporting Persons" on page 2 of this Form 3. The members of the group collectively own more than 10% of the Issuer's outstanding common stock for purposes of Section 13(d).

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