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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WbQKMtIGu7XZCSgvTnVmbE+xSDvhwkxx/1F4SbPheGx9Lo+LZEt2UWgy+lqF6rv6
 XNOeioi3O29YGMzD+Qzezg==

<SEC-DOCUMENT>0001181431-03-027930.txt : 20031029
<SEC-HEADER>0001181431-03-027930.hdr.sgml : 20031029
<ACCEPTANCE-DATETIME>20031029172003
ACCESSION NUMBER:		0001181431-03-027930
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031027
FILED AS OF DATE:		20031029

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ACTIVCARD CORP
		CENTRAL INDEX KEY:			0001183941
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				450485038
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		6623 DUMBARTON CIRCLE
		CITY:			FREMONT
		STATE:			CA
		ZIP:			94555
		BUSINESS PHONE:		5105710100

	MAIL ADDRESS:	
		STREET 1:		6623 DUMBARTON CIRCLE
		CITY:			FREMONT
		STATE:			CA
		ZIP:			94555

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			AUDEBERT YVES
		CENTRAL INDEX KEY:			0001217301

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-50223
		FILM NUMBER:		03964455

	BUSINESS ADDRESS:	
		STREET 1:		C/O ACTIVCARD CORP
		STREET 2:		6623 DUMBARTON CIRCLE
		CITY:			FREMONT
		STATE:			CA
		ZIP:			94555
		BUSINESS PHONE:		5105740100

	MAIL ADDRESS:	
		STREET 1:		C/O ACTIVCARD CORP
		STREET 2:		6623 DUMBARTON CIRCLE
		CITY:			FREMONT
		STATE:			CA
		ZIP:			94555
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd21060.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-10-27</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001183941</issuerCik>
        <issuerName>ACTIVCARD CORP</issuerName>
        <issuerTradingSymbol>(ACTI)</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001217301</rptOwnerCik>
            <rptOwnerName>AUDEBERT YVES</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O ACTIVCARD CORP.</rptOwnerStreet1>
            <rptOwnerStreet2>6623 DUMBARTON CIRCLE</rptOwnerStreet2>
            <rptOwnerCity>FREMONT</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94555</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle>Vice Chairman, President</officerTitle></reportingOwnerRelationship></reportingOwner><derivativeTable><derivativeTransaction><securityTitle><value>Stock Option (right to buy)</value></securityTitle><conversionOrExercisePrice><value>8.95</value></conversionOrExercisePrice><transactionDate><value>2003-10-27</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>100000</value></transactionShares><transactionPricePerShare><value>0</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><footnoteId id="F1"/></exerciseDate><expirationDate><value>2013-10-27</value></expirationDate><underlyingSecurity><underlyingSecurityTitle>
<value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>100000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>100000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction></derivativeTable><footnotes><footnote id="F1">Option vests and becomes exercisable with respect to one-third of the total number of underlying shares on each of the fifth, sixth and seventh anniversaries of the grant date (10/27/03), or earlier upon the closing price of the Company's common stock reaching the following target prices for 90 consecutive calendar days: $20, $30, and $40.</footnote></footnotes><ownerSignature><signatureName>/s/ Blair W. Geddes, Attorney-in-fact</signatureName><signatureDate>2003-10-29</signatureDate></ownerSignature></ownershipDocument>



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