Exhibit 5
June 11, 2009
Actuate Corporation
2207 Bridgepointe Parkway, Suite 500
San Mateo, CA 94404
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| Re: |
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Actuate Corporation Registration Statement on Form S-8 for an
aggregate of 3,400,000 shares of common stock |
Ladies and Gentlemen:
We have acted as counsel to Actuate Corporation, a Delaware corporation (the Company), in
connection with the registration on Form S-8 (the Registration Statement) under the Securities
Act of 1933, as amended, of: (i) an additional 2,800,000 shares of the Companys common stock
reserved for issuance under the Companys Amended and Restated 1998 Equity Incentive Plan (the
Incentive Plan) and (ii) an additional 600,000 shares of the Companys common stock reserved for
issuance under the Companys 1998 Employee Stock Purchase Plan (the Purchase Plan). All such
shares are collectively referred to herein as the Shares.
This opinion is being furnished in accordance with the requirements of Item 8 of Form S-8 and Item
601(b)(5)(i) of Regulation S-K.
We have
reviewed the Companys charter documents together with the
applicable Purchase Plan and Incentive Plan documents (including the
automatic share increase provisions) and the corporate proceedings taken by the Company
in connection with respect to the establishment and the amendment of the Incentive Plan and the
Purchase Plan. Based on such review, we are of the opinion that, if, as and when the Shares have
been issued and sold (and the consideration therefore received) pursuant to (a) duly authorized
option agreements under the Incentive Plan and in accordance with the Registration Statement, (b)
duly authorized restricted stock units or other stock-based awards under the Incentive Plan and in
accordance with the Registration Statement, or (c) duly authorized stock purchase agreements under
the Purchase Plan and in accordance with the Registration Statement, such Shares will be duly
authorized, legally issued, fully paid and nonassessable.
We consent to the filing of this opinion letter as Exhibit 5 to the Registration Statement. In
giving the opinion set forth in this letter, we do not hereby admit that we are acting within the
category of persons whose consent is required under Section 7 of the Securities Act of 1933, as
amended, or the rules or regulations of the Securities and Exchange Commission thereunder.
This opinion letter is rendered as of the date first written above and we disclaim any obligation
to advise you of facts, circumstances, events or developments which hereafter may be brought to our
attention and which may alter, affect or modify the opinion expressed herein. Our opinion is
expressly limited to the matters set forth above and we render no opinion, whether by implication
or otherwise, as to any other matters relating to the Company, the Incentive Plan, the Purchase
Plan or the Shares.
Very truly yours,
/s/ MORGAN, LEWIS & BOCKIUS LLP