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 *
  Mayer Jeffrey
 2. Date of Event Requiring Statement (Month/Day/Year)
08/05/2007		 3. Issuer Name and Ticker or Trading Symbol
BEAR STEARNS COMPANIES INC [BSC]
(Last)
(First)
(Middle)
C/O BEAR, STEARNS & CO. INC., 383 MADISON AVENUE		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive Committee Member
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10179		 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 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 10,008
D
 

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
CAP Units (2002) (1) 11/30/2007 11/30/2007 Common Stock 102,408 $ (2) D  
CAP Units (2003) (1) 11/30/2008 11/30/2008 Common Stock 112,729 $ (2) D  
CAP Units (2004) (1) 11/30/2009 11/30/2009 Common Stock 80,230 $ (2) D  
CAP Units (2005) (1) 11/30/2010 11/30/2010 Common Stock 54,747 $ (2) D  
CAP Units (2006) (1) 11/30/2011 11/30/2011 Common Stock 52,033 $ (2) D  
Emp. Stock Option (Rt. to Buy) 11/29/2005 11/29/2012 Common Stock 40,000 $ 64 D  
Emp. Stock Option (Rt. to Buy) 12/15/2003 12/15/2013 Common Stock 60,365 $ 73.75 D  
Emp. Stock Option (Rt. to Buy) 12/22/2005 12/22/2015 Common Stock 33,673 $ 116.5 D  
Emp. Stock Option (rt. to buy) 12/20/2006 12/20/2016 Common Stock 21,117 $ 165.32 D  
Employee Stock Option (Right to Buy) 12/11/2003 12/11/2010 Common Stock 22,807 $ 49.63 D  
Employee Stock Option (Right to Buy) 12/17/2004 12/17/2011 Common Stock 31,581 $ 56.88 D  
Employee Stock Option (Right to Buy) 12/28/2004 12/28/2014 Common Stock 45,903 $ 102.65 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Mayer Jeffrey
C/O BEAR, STEARNS & CO. INC.
383 MADISON AVENUE
NEW YORK, NY 10179		       Executive Committee Member  

Signatures

/s/ Mayer, Jeffrey 08/08/2007
**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) CAP Units held in Reporting Person's account pursuant to Issuer's Capital Accumulation Plan for Senior Managing Directors; exempt under Rule 16b-3
(2) This type of derivative security typically does not have a conversion or exercise price

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