<SUBMISSION>
<ACCESSION-NUMBER>0001181431-03-001748
<TYPE>3
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20030204
<FILING-DATE>20030206
<REPORTING-OWNER>
<COMPANY-DATA>
<CONFORMED-NAME>NAM LEE KHENG
<CIK>0001134076
<ASSIGNED-SIC>0000
<RELATIONSHIP>DIRECTOR
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>3
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>77 SCIENCE PARK DRIVE #02-15
<STREET2>CINTECH III SINGAPORE SCIENCE PARK
<CITY>SINGAPORE
<STATE>U0
<ZIP>00000
<PHONE>011658700606
</BUSINESS-ADDRESS>
</REPORTING-OWNER>
<SUBJECT-COMPANY>
<COMPANY-DATA>
<CONFORMED-NAME>ACTIVCARD CORP
<CIK>0001183941
<ASSIGNED-SIC>7372
<IRS-NUMBER>450485038
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>3
<ACT>34
<FILE-NUMBER>333-100067
<FILM-NUMBER>03542534
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>6623 DUMBARTON CIRCLE
<CITY>FREMONT
<STATE>CA
<ZIP>94555
<PHONE>5105710100
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>6623 DUMBARTON CIRCLE
<CITY>FREMONT
<STATE>CA
<ZIP>94555
</MAIL-ADDRESS>
</SUBJECT-COMPANY>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>rrd4535.htm
<DESCRIPTION>FORM 3
<TEXT>

<TABLE width=100% border=1>
<TR>
<TD width=254 valign=middle align=center>
<div><font size = +2>FORM 3</font></div>
</TD>
<TD width=764 valign=middle align=center>
    <font face=arial,helvetica><b>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</b></font><br>
    <font size=1 face=arial,helvetica><b>Washington, D.C.&nbsp;&nbsp;20549</b></font><br><br>
    <font size=2 face=arial,helvetica><b>INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES</b></font><br><br>
    <font size=1 face=arial,helvetica>Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility</font><br>
    <font size=1 face=arial,helvetica>Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940</font><br>
</TD>
<TD width=254 valign=top>
    <div align=center><font size=1 face=arial,helvetica>OMB APPROVAL</font></div>
    <br><div align=center><hr width=98%></div><br>
    <div><font size=1 face=arial,helvetica>OMB Number: 3235-0104</font></div>
    <div><font size=1 face=arial,helvetica>Expires: January 31, 2005<br>Estimated average burden<br>hours per response. . . . . 0.5</font></div>
</TD>
</TR>
</TABLE>




<TABLE width=100% border=1>

<TR>
<TD width=446 valign=top>
    <div><font size=1 face=arial,helvetica>1. Name and Address of Reporting Person<sup>*</sup></font></div><BR>
    <div><font size=1 face=arial,helvetica><b>Lee, Kheng Nam</b></font></div>
    <div align=center><hr width=98%></div>
    <div align=center><font size=1 face=arial,helvetica>(Last) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(First) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(Middle)</font></div><BR>
    <div><font size=1 face=arial,helvetica><b>6623 Dumbarton Circle</b></font></div>
    <div><font size=1 face=arial,helvetica><b></b></font></div>
    <div align=center><hr width=98%></div>
    <div align=center><font size=1 face=arial,helvetica>(Street)</font></div>
    <div><font size=1 face=arial,helvetica><b>Fremont,&nbsp; &nbsp; CA&nbsp; &nbsp;94555</b></font></div>
    <div align=center><hr width=98%></div>
    <div align=center><font size=1 face=arial,helvetica>(City) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(State) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(Zip)</font></div>
    <br>
</TD>
<TD width=190 valign=top>
    <div><font size=1 face=arial,helvetica>2. Date of Event<br>Requiring Statement<BR>&nbsp;&nbsp;&nbsp;&nbsp;Month/Day/Year</font></div><br>
    <div><font size=1 face=arial,helvetica><b>02/04/2003</b></font></div>
    <br><div align=center><hr width=98%></div>
    <div><font size=1 face=arial,helvetica>3. I.R.S. Identification<br>&nbsp;&nbsp;&nbsp;&nbsp;Number of Reporting<br>&nbsp;&nbsp;&nbsp;&nbsp;Person, if an entity<br>&nbsp;&nbsp;&nbsp;&nbsp;(voluntary)</font></div>
    <div><font size=1 face=arial,helvetica><b></b></font></div>


</TD>

<TD width=526 valign=top>
    <div><font size=1 face=arial,helvetica>4. Issuer Name <b>and</B>Ticker or Trading Symbol</font></div><br>
    <div><font size=1 face=arial,helvetica><b>ActivCard Corp.<BR>(ACTI)</b></font></div>
    <br><div align=center><hr width=98%></div>
    	<div><font size=1 face=arial,helvetica>	5. Relationship of Reporting Person(s) to Issuer</font></div>
<div><font size=1 face=arial,helvetica>(Check all applicable)</font></div><br>
    <div><font size=1 face=arial,helvetica><u>X</u> Director &nbsp;
    <u>&nbsp;&nbsp;</u> 10% Owner</font></div>
    <div><font size=1 face=arial,helvetica><u>&nbsp;&nbsp;</u> Officer (give title below) &nbsp; &nbsp;<BR>
    <u>&nbsp;&nbsp;</u> Other (specify below)</font></div>
    <br>
    <div><font size=1 face=arial,helvetica>Description &nbsp; &nbsp;
    <b><u></u></b></font></div>
    <div align=center><hr width=98%></div>

    </TD>
<TD width=110 valign=top>
<div><font size=1 face=arial,helvetica>6. If Amendment,<BR>&nbsp;&nbsp;&nbsp;&nbsp;Date of Original<br>&nbsp;&nbsp;&nbsp;&nbsp;(Month/Day/Year)</font></div><br>
    <div><font size=1 face=arial,helvetica><b></b></font></div>
<br><div align=center><hr width=98%></div>
    <div><font size=1 face=arial,helvetica>    <div><font size=1 face=arial,helvetica>7. Individual or Joint/Group<br> &nbsp; &nbsp; Filing (Check Applicable Line)</font></div>
    <br><div><font size=1 face=arial,helvetica><u>X</u> &nbsp; Form filed by One Reporting Person</font></div>
    <div><font size=1 face=arial,helvetica><u>&nbsp;&nbsp;</u> &nbsp; Form filed by More than One Reporting Person</font></div>
</TD>
</TR>
</TABLE>

<TABLE width=100% border=1>
<TR>
<TD width=100% valign=top>
    <div align=center><font size=1 face=arial,helvetica><b>Table I - Non-Derivative Securities Beneficially Owned</b></font></div>
</TD>
</TR>
</TABLE>
<TABLE width=100% border=1>
<TR>
<TD width=280 valign=top>
    <div><font size=1 face=arial,helvetica>1. Title of Security<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 4)</font></div><br>
</TD>
<TD width=140 valign=top>
    <div><font size=1 face=arial,helvetica>2. Amount of Securities Beneficially Owned<br><br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr.4)</font></div>
</TD>
<TD width=100 valign=top>
    <div><font size=1 face=arial,helvetica>3. Ownership Form:<br>&nbsp;&nbsp;&nbsp;&nbsp;Direct (D)<br>&nbsp;&nbsp;&nbsp;&nbsp;or<br>&nbsp;&nbsp;&nbsp;&nbsp;Indirect (I)<br><br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 5)</font></div>
</TD>

<TD width=304 valign=top>
    <div><font size=1 face=arial,helvetica>4. Nature of Indirect Beneficial Ownership<br><br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 5)</font></div>
</TD>


</TR>


	<TR>
<TD width=280 align=left>
    <div><font size=1 face=arial,helvetica><b>Common Stock</b></font></div>
</TD>

<TD width=140 align=center>
<div align=center><font size=1 face=arial,helvetica><b>4,058,144</b></font></div>
</TD>

<TD width=100 align=center
<div align=center><font size=1 face=arial,helvetica><b>
I
</font>
</div>
</TD>

<TD width=204 align=left>
<div><font size=1 face=arial,helvetica><b>(1)</b></font></div>
</TD>

</TR>



	<TR>
<TD width=280 align=left>
    <div><font size=1 face=arial,helvetica><b>Common Stock</b></font></div>
</TD>

<TD width=140 align=center>
<div align=center><font size=1 face=arial,helvetica><b>1</b></font></div>
</TD>

<TD width=100 align=center
<div align=center><font size=1 face=arial,helvetica><b>
D
</font>
</div>
</TD>

<TD width=204 align=left>
<div><font size=1 face=arial,helvetica><b></b></font></div>
</TD>

</TR>



</TABLE>
<TABLE width=100% border=0>
<TR>
<TD width=100%><hr width=98%>
</TD>
</TR>
</TABLE>
<TABLE width=100% border=0>
<TR>
    <TD width=100% align=right><font face=arial,helvetica><b>&nbsp;</b></font><br>
</TD>
</TR>
</TABLE>

<TABLE width=100% border=1>
<TR>
<TD width=100% valign=top>
    <div align=center><font size=1 face=arial,helvetica><b>Table II - Derivative Securities Beneficially Owned</b></font></div>
    <div align=center><font size=1 face=arial,helvetica><b>(e.g., puts, calls, warrants, options, convertible securities)</b></font></div>
</TD>
</TR>
</TABLE>
<TABLE width=100% border=1>
<TR>
<TD width=152 valign=top>
    <div><font size=1 face=arial,helvetica>1. Title of Derivative Security<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 4)</font></div>
</TD>

<TD width=112 valign=top>
    <div><font size=1 face=arial,helvetica>2. Date Exercisable(DE) and<br>&nbsp;&nbsp;&nbsp;&nbsp;Expiration Date(ED)<br>&nbsp;&nbsp;&nbsp;&nbsp;(Month/Day/Year)</font></div>
    <br><br><br><br><br><div align=center><hr width=98%></div>
    <div align=center><font size=1 face=arial,helvetica>&nbsp; DE &nbsp; &nbsp; / &nbsp; &nbsp; ED &nbsp;</font></div>
</TD>

<TD width=186 valign=top>
    <div><font size=1 face=arial,helvetica>3. Title and Amount of<br>&nbsp;&nbsp;&nbsp;&nbsp;Underlying Securities<br>&nbsp;&nbsp;&nbsp;&nbsp;(Instr. 4)</font></div>
<br><br><br><br><br><div align=center><hr width=98%></div>
<div align=center><font size=1 face=arial,helvetica>Title&nbsp;&nbsp;&nbsp;&nbsp; / &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amount or Number of Shares</font></div>
</TD>

<TD width=76 valign=top>
    <div><font size=1 face=arial,helvetica>4. Conver-<br>&nbsp;&nbsp;&nbsp;&nbsp;sion or<br>&nbsp;&nbsp;&nbsp;&nbsp;Exercise<br>&nbsp;&nbsp;&nbsp;&nbsp;Price of<br>&nbsp;&nbsp;&nbsp;&nbsp;Deri-<br>&nbsp;&nbsp;&nbsp;&nbsp;vative<br>&nbsp;&nbsp;&nbsp;&nbsp;Security</font></div>
</TD>

<TD width=50 valign=top>
    <font size=1 face=arial,helvetica>5. Owner-<br>ship<br>Form of<br>Deriv-<br>ative<br>Security:<BR>Direct (D)<br>or<BR>Indirect (I)<br><BR>(Instr.5)</font>
</TD>
<TD width=128 valign=top>
    <font size=1 face=arial,helvetica>6. Nature of<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indirect<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beneficial<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ownership<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Instr.5)</font>
</TD>


</TR>


<TR>
<TD width=152 align=left>
<font size=1 face=arial,helvetica><b>Warrant (right to buy)</b></font>
</TD>

<TD width=132 align=center>
    <div><font size=1 face=arial,helvetica>(2) / 2/9/05</font></div>
</TD>

<TD width=250 align=center>
<div><font size=1 face=arial,helvetica><b>Common Stock</b> / <b>30,000</b></font></div>
</TD>

<TD width=76 align=left>
<font size=1 face=arial,helvetica><b>$5.00</b></font>
</TD>

<TD width=50 align=center>
<div><font size=1 face=arial,helvetica>D </font></div>
</TD>

<TD width=128 align=left>
<font size=1 face=arial,helvetica><b></b></font>
</TD>

</TR>


<TR>
<TD width=152 align=left>
<font size=1 face=arial,helvetica><b>Warrant (right to buy)</b></font>
</TD>

<TD width=132 align=center>
    <div><font size=1 face=arial,helvetica>(2) / 5/3/05</font></div>
</TD>

<TD width=250 align=center>
<div><font size=1 face=arial,helvetica><b>Common Stock</b> / <b>5,000</b></font></div>
</TD>

<TD width=76 align=left>
<font size=1 face=arial,helvetica><b>$71.03</b></font>
</TD>

<TD width=50 align=center>
<div><font size=1 face=arial,helvetica>D </font></div>
</TD>

<TD width=128 align=left>
<font size=1 face=arial,helvetica><b></b></font>
</TD>

</TR>


<TR>
<TD width=152 align=left>
<font size=1 face=arial,helvetica><b>Warrant (right to buy)</b></font>
</TD>

<TD width=132 align=center>
    <div><font size=1 face=arial,helvetica>(2) / 6/27/06</font></div>
</TD>

<TD width=250 align=center>
<div><font size=1 face=arial,helvetica><b>Common Stock</b> / <b>10,000</b></font></div>
</TD>

<TD width=76 align=left>
<font size=1 face=arial,helvetica><b>$12.24</b></font>
</TD>

<TD width=50 align=center>
<div><font size=1 face=arial,helvetica>D </font></div>
</TD>

<TD width=128 align=left>
<font size=1 face=arial,helvetica><b></b></font>
</TD>

</TR>


<TR>
<TD width=152 align=left>
<font size=1 face=arial,helvetica><b>Warrant (right to buy)</b></font>
</TD>

<TD width=132 align=center>
    <div><font size=1 face=arial,helvetica>(2) / 6/27/07</font></div>
</TD>

<TD width=250 align=center>
<div><font size=1 face=arial,helvetica><b>Common Stock</b> / <b>55,000</b></font></div>
</TD>

<TD width=76 align=left>
<font size=1 face=arial,helvetica><b>$6.60</b></font>
</TD>

<TD width=50 align=center>
<div><font size=1 face=arial,helvetica>D </font></div>
</TD>

<TD width=128 align=left>
<font size=1 face=arial,helvetica><b></b></font>
</TD>

</TR>




   <BR>

</TABLE>
<font size=1 face=arial,helvetica><B>Explanation of Responses:</B> </font><br>

<TABLE width=100% border=0>
<TR>
    <TD width=100% align=right><font face=arial,helvetica><b>&nbsp;</b></font><br>
</TD>
</TR>
</TABLE>

<TABLE width=100% border=1>
<TR>
<TD width=1272>
     <div><font size=2 face=arial,helvetica>(1)  Represents shares held by Vertex Investment International (III) Inc., Vertex Investment (II) Ltd., Vertex Asia Limited and certain affiliated entities, as well as 10 shares held by the Reporting Person in trust for Vertex Investment International (III), Inc.  The Reporting Person may be deemed, directly or indirectly, to be an affiliate of the Vertex entities.  The Reporting Person disclaims beneficial ownership of all shares held by the Vertex entities. <br>(2)  Vests and becomes exercisable with respect to 25% of the underlying shares on the first anniversary of the grant date and each year thereafter.<br></font></div>
</TD>
</TR>
</TABLE>
<TABLE width=100% border=0>
<TR>
<TD width=40% valign=top>
    <font size=1 face=arial,helvetica><b>By:</b>
</TD>

<TD><font size=1 face=arial,helvetica><b>Date:</b>
</TD>

</TR>
<TR>
<TD valign=top>

    <U>/s/ Kheng Nam Lee</U>
    </TD>
     <TD valign=top>
    <u>02/06/2003</U>
    </TD>
    </TR>

    <TR>
    <TD valign=top>


</TD>
</TR>

<TR>
<TD>
   <font size=1 face=arial,helvetica>** Signature of Reporting Person</font>
</TD>

    <TD valign=top><div align=right><font size=1 face=arial,helvetica>SEC 1473 (07-02)</font></div></TD>
</TR>
<TR>

</TD>
</TR>
<TR>
<TD width=60% valign=top><BR><BR>
    <font size=1 face=arial,helvetica>Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.<BR><BR>
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).<BR>
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).<BR>
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
<BR>
Potential persons who are to respond to the collection of information contained in this form are not<BR>
required to respond unless the form displays a currently valid OMB Number.
</font>
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</TABLE>

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</SUBMISSION>
